Brokers — List your Company Here
Featured local agent — Parchment, MI
Sarah Mitchell
Compass Real Estate · Parchment, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
Parchment, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$179,500median sale price
How is the Parchment, MI housing market right now?
The median home sale price in Parchment, MI is $179,500, up 63.2% year-over-year. Homes sell in an average of 19 days with 4 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 Parchment a buyer's or seller's market?
Parchment, MI is currently a seller's market, based on 1.3 months of supply and homes selling in about 19 days. How we determine this →
Homes sold
3
Last 12 weeks
Days on market
19
Fast-moving
Active listings
4
1.3 months supply
Sale-to-list
95.9%
Below asking
What does the Parchment housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $179,500 |
| Median list price | $239,900 |
| Year-over-year price change | +63.2% |
| Average days on market | 19 days |
| Active inventory | 4 listings |
| Months of supply | 1.3 months |
| Sale-to-list price ratio | 95.9% |
| Median price per sq ft | $125/sq ft |
| Homes sold (latest month) | 3 |
| New listings (latest month) | 3 |
| Listings with a price cut | 75.0% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Parchment by property type?
How the Parchment, 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 | $222,500 | $134/sq ft | 2 | 12 days |
| Condo / Co-op | $179,500 | $125/sq ft | 1 | 66 days |
Source: Redfin · Updated monthly
The Parchment housing market is currently classified as a seller's market with a median sale price of $179,500. Prices have risen 63.2% compared to last year, with homes spending an average of 19 days on market, indicating 1.3 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 3.8x provides context for how home values compare to local earning capacity.
Homes for sale in Parchment
There are currently 4 homes listed for sale in Parchment, Michigan. The median listing price is $240K.
Active listings
4
Homes on market
Median list price
$240K
Avg. days on market
19
Days until sale
New this week
3
Newly listed
Who lives in Parchment?
Population
2,012
Median income
$54,572/yr
Median age
30.2 years
Owner-occupied
56.9%
College grads
24.0%
Avg commute
19 min
Source: U.S. Census Bureau ACS
What are homes worth in Parchment?
Zillow home value
$209,522
Price-to-income
3.8x
Source: Zillow Research
What is it like to live in Parchment?
Parchment is a community of approximately 2K residents with a median age of 30.2 years.The median household income is $54,572, which represents a working-class community with solid middle-income opportunities. 24.0% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 56.9%, showing a blend of owner and renter-occupied properties. The average commute time is 19 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Parchment offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Parchment, MI?
Want a head-to-head view? Compare Parchment side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Parchment?
The median home sale price in Parchment is $179,500, up 63.2% from last year.
How long do homes stay on market in Parchment?
Homes typically spend 19 days on market before going under contract.
What is the median income in Parchment?
The median household income is $54,572 per year.
Is Parchment a buyer's or seller's market?
With 1.3 months of supply, Parchment is currently a seller's market.
What is the Zillow home value estimate for Parchment?
The Zillow Home Value Index (ZHVI) for Parchment is $209,522, representing the typical home value in the area.
What is the median condo price in Parchment?
The median condo/co-op sale price in Parchment, MI is $179,500, compared to $222,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Parchment?
The median single-family home price in Parchment, MI is $222,500 (about $134 per square foot).
Be the brokerage on this page
1 slot per pageGet featured on Parchment, MI
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this whole city. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Get Parchment market alerts
Weekly updates on prices, inventory, and trends. Free forever.