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Featured local agent — Morenci, MI
Sarah Mitchell
Compass Real Estate · Morenci, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Morenci, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$141,000median sale price
How is the Morenci, MI housing market right now?
The median home sale price in Morenci, MI is $141,000, down 9.6% year-over-year. Homes sell in an average of 128 days with 9 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Morenci a buyer's or seller's market?
Morenci, MI is currently a seller's market, based on 1.8 months of supply and homes selling in about 128 days. How we determine this →
Homes sold
5
Last 12 weeks
Days on market
128
Average pace
Active listings
9
1.8 months supply
Sale-to-list
99.1%
Below asking
What does the Morenci housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $141,000 |
| Median list price | $189,900 |
| Year-over-year price change | -9.6% |
| Average days on market | 128 days |
| Active inventory | 9 listings |
| Months of supply | 1.8 months |
| Sale-to-list price ratio | 99.1% |
| Median price per sq ft | $91/sq ft |
| Homes sold (latest month) | 5 |
| New listings (latest month) | 6 |
| Listings with a price cut | 33.3% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Morenci by property type?
How the Morenci, MI market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $141,000 | $91/sq ft | 5 | 128 days |
Source: Redfin · Updated monthly
The Morenci housing market is currently classified as a seller's market with a median sale price of $141,000. Prices have fallen 9.6% compared to last year, with homes spending an average of 128 days on market, indicating 1.8 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.1x provides context for how home values compare to local earning capacity.
Homes for sale in Morenci
There are currently 9 homes listed for sale in Morenci, Michigan. The median listing price is $190K.
Active listings
9
Homes on market
Median list price
$190K
Avg. days on market
128
Days until sale
New this week
6
Newly listed
Who lives in Morenci?
Population
2,149
Median income
$58,438/yr
Median age
32.6 years
Owner-occupied
72.9%
College grads
9.6%
Avg commute
23.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Morenci?
Zillow home value
$182,278
Price-to-income
3.1x
Source: Zillow Research
What is it like to live in Morenci?
Morenci is a community of approximately 2K residents with a median age of 32.6 years.The median household income is $58,438, which represents a working-class community with solid middle-income opportunities. 9.6% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 72.9%, reflecting strong community stability and long-term resident commitment. The average commute time is 23.7 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Morenci offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Morenci?
2 schools tracked · 517 students
The largest public schools serving Morenci, MI by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Morenci Middle and High School
Grades 6-12 · 272 students
Morenci Elementary School
Grades PK-5 · 245 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Morenci, MI?
Want a head-to-head view? Compare Morenci side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Morenci?
The median home sale price in Morenci is $141,000, down 9.6% from last year.
How long do homes stay on market in Morenci?
Homes typically spend 128 days on market before going under contract.
What is the median income in Morenci?
The median household income is $58,438 per year.
Is Morenci a buyer's or seller's market?
With 1.8 months of supply, Morenci is currently a seller's market.
What is the Zillow home value estimate for Morenci?
The Zillow Home Value Index (ZHVI) for Morenci is $182,278, representing the typical home value in the area.
How much does a single-family home cost in Morenci?
The median single-family home price in Morenci, MI is $141,000 (about $91 per square foot).
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