New Listing
21
$149,000
555 Carrie St Ste Marie
Sault Ste Marie, MI 49783
3 bd2 ba921 sqft$162/ft²
House5,320 sqft lot
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Compass Real Estate · Sault Ste Marie, MI
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Sault Ste Marie, MI(512) 555-0184TX License #0512847
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Sault Ste Marie, MI Housing Market
Balanced market-0.3% YoY
Redfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The last median sale price Redfin published was $198,000, -0.3% year over year (through May 2026). With 3.8 months of supply and homes going under contract in about 41 days, Sault Ste Marie is a balanced market. At today's 7.03% 30-year fixed rate, 20% down on a $198,000 home is about $1,057/mo in principal and interest.
Key numbers for Sault Ste Marie, MI
Median sale price
$198,000
-0.3% year over year
Redfin, through May 2026
Days on market
41
Average pace
Redfin, through May 2026
Active listings
49
3.8 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$55,031
Home costs 3.6x income
U.S. Census ACS, 2023
Sale-to-list ratio
99.4%
Selling below asking
Redfin, through May 2026
Zillow figures refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Sault Ste Marie a buyer's or seller's market?
Balanced market3.8 months of supply41 days on market99.4% of asking
Sault Ste Marie, MI is a balanced market, based on 3.8 months of supply and homes selling in about 41 days. Under 4 months of supply tilts the market toward sellers: homes clear faster than they are replaced, so concessions are scarce.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Sault Ste Marie housing market data show?
Every row below is Redfin's final published month for Sault Ste Marie, MI. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $198,000 |
| Median list price | $200,000 |
| Year-over-year price change | -0.3% |
| Median price per sq ft | $123/sq ft |
| Median days on market | 41 days |
| Active inventory | 49 listings |
| Months of supply | 3.8 months |
| Sale-to-list price ratio | 99.4% |
| Homes sold (that month) | 13 |
| New listings (that month) | 19 |
| Listings with a price cut | 24.5% |
| Market condition | Balanced market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Sault Ste Marie is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Sault Ste Marie is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Sault Ste Marie home prices moved?
Over the last three years the median sale price in Sault Ste Marie, MI rose 32.1%, from $149,900 to $198,000. 24.5% of Sault Ste Marie listings cut their asking price in the final Redfin month — a modest share, which is what a market looks like when sellers are pricing close to where homes actually clear. For prices to fall meaningfully from here, supply would have to keep building past 3.8 months while the sale-to-list ratio slips below its current 99.4%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Sault Ste Marie?
Priced off the median sale price of $198,000 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $39,600 | $158,400 | $1,057/mo |
| 5% | $9,900 | $188,100 | $1,255/mo |
Redfin, through May 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,057, that implies roughly $45,301 a year before you add taxes and insurance. The median household in Sault Ste Marie earns $55,031, about $9,730 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 3.6x — above the historical 3x norm but in line with much of the country in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Sault Ste Marie in the next 12 months?
Tell us your timeline. We send the Sault Ste Marie market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Sault Ste Marie?
Zillow does not publish a rent index (ZORI) for Sault Ste Marie, MI, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Sault Ste Marie?
Active listings in Sault Ste Marie, MI went from 41 in May 2025 to 49 in May 2026, a +19.5% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 47 | 19 |
| July 2025 | 45 | 16 |
| August 2025 | 49 | 23 |
| September 2025 | 56 | 19 |
| October 2025 | 56 | 14 |
| November 2025 | 52 | 11 |
| December 2025 | 44 | 4 |
| January 2026 | 42 | 7 |
| February 2026 | 40 | 7 |
| March 2026 | 40 | 10 |
| April 2026 | 40 | 15 |
| May 2026 | 49 | 19 |
Redfin, through May 2026
How does Sault Ste Marie compare to Michigan and the U.S.?
Sault Ste Marie homes sell for $198,000 — 34% below the Michigan median of $297,900. Against the national median of $410,700, Sault Ste Marie runs 52% lower. Year-over-year, Sault Ste Marie moved -0.3% against Michigan's +4.6% — a smaller swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Sault Ste Marie, MI | $198,000 | -0.3% | 41 days |
| Michigan statewide | $297,900 | +4.6% | 24 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Sault Ste Marie
What buyers should watch
- Months of supply, currently 3.8. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 24.5%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $198 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $198,000 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Sault Ste Marie listing goes under contract in 41 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 99.4% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Sault Ste Marie added 19 new listings against 13 sales — more competition arriving than clearing, so early timing matters.
- Comparable ZIP-level pricing inside Sault Ste Marie varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Sault Ste Marie
There are currently 49 homes listed for sale in Sault Ste Marie, Michigan. The median listing price is $200K. Featured listings range from $149,000 to $379,999.
44
$150,000
120 W 10th Ave Ste Marie
Sault Ste Marie, MI 49783
3 bd2 ba955 sqft$157/ft²
House4,750 sqft lot
View photos & details
New Listing
39
$178,500
715 E Easterday Ave Ste Marie
Sault Ste Marie, MI 49783
3 bd2 ba1,068 sqft$167/ft²
House7,800 sqft lot
View photos & details
New Listing
14
$179,000
1531 S Town Hall Rd
Sault Ste Marie, MI 49783
2 bd2 ba1,096 sqft$163/ft²
House1.40 acres
View photos & details
New Listing
43
$198,000
1908 Ryan Ave Ste Marie
Sault Ste Marie, MI 49783
4 bd1 ba1,100 sqft$180/ft²
House9,120 sqft lot
View photos & details
New Listing
36
$199,000
1303 John St Ste Marie
Sault Ste Marie, MI 49783
3 bd2 ba1,152 sqft$173/ft²
House10,000 sqft lot
View photos & details
New Listing
46
$244,900
1432 W 14th St Ste Marie
Sault Ste Marie, MI 49783
3 bd1 ba1,056 sqft$232/ft²
House1.39 acres
View photos & details
New Listing
25
$249,000
218 Hursley St Ste Marie
Sault Ste Marie, MI 49783
3 bd3 ba1,673 sqft$149/ft²
House5,145 sqft lot
View photos & details
New Listing
33
$280,000
2111 W 3rd Ave
Sault Ste Marie, MI 49783
3 bd1 ba2,460 sqft$114/ft²
House19,800 sqft lot
View photos & details
New Listing
54
$349,000
1119 E Spruce St Ste Marie
Sault Ste Marie, MI 49783
4 bd2 ba2,436 sqft$143/ft²
House10,000 sqft lot
View photos & details
New Listing
36
$349,900
3209 Sherman Park Dr Ste Marie
Sault Ste Marie, MI 49783
3 bd3 ba2,120 sqft$165/ft²
House26,800 sqft lot
View photos & details
New Listing
37
$379,999
1427 W 14th St Ste Marie
Sault Ste Marie, MI 49783
4 bd4 ba2,543 sqft$149/ft²
House10,019 sqft lot
View photos & details
Looking to buy in Sault Ste Marie?
Get connected with a local real estate expert — free, no obligation.
Active listings
49
Homes on market
Median list price
$200K
Avg. days on market
41
Days until sale
New this week
19
Newly listed
Price drops:24.5%of listings
Sale-to-list:99.4%
How much do homes cost in Sault Ste Marie by property type?
How the Sault Ste Marie, MI market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $198,000 | $123/sq ft | 13 | 41 days |
Who lives in Sault Ste Marie?
American Community Survey estimates for Sault Ste Marie. U.S. Census ACS, 2023
Population
13,373
Households
5,762
Median income
$55,031/yr
Median age
34.9 years
Owner-occupied
58.1%
Median home value
$127,300
Median gross rent
$787/mo
Mean commute
14.3 min
58.1% of occupied homes in Sault Ste Marie are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market.
Which cities are near Sault Ste Marie, MI?
Ordered by distance from Sault Ste Marie, not by size. Compare Sault Ste Marie side by side with any of them.
Which ZIP codes are in Sault Ste Marie?
These are the ZIP codes we see on active Sault Ste Marie listings. Redfin did not publish a matching ZIP-level sale row for the same period, so we are not ranking them by price here — each ZIP page shows exactly what we hold for it.
Sault Ste Marie housing market FAQ
Is Sault Ste Marie a buyer's or seller's market?
Sault Ste Marie, MI is currently a balanced market. That read comes from 3.8 months of supply, homes going under contract in about 41 days, and sellers getting 99.4% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Sault Ste Marie?
The median sale price in the last month Redfin published was $198,000, about $123 per square foot.
Is Sault Ste Marie cheaper than the rest of Michigan?
Sault Ste Marie's median sale price of $198,000 is 34% lower than the Michigan statewide median of $297,900, and 52% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Sault Ste Marie?
Homes in Sault Ste Marie, MI spent a median of 41 days on market before going under contract, versus 24 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Sault Ste Marie?
At the current 30-year fixed rate of 7.03%, 20% down on a $198,000 home is about $1,057 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $45,301 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $55,031.
Are home prices rising in Sault Ste Marie?
Redfin's last published year-over-year change for Sault Ste Marie, MI was -0.3%, measured through May 2026. That series is frozen; treat it as a historical reading rather than a current trend.
What are the cheapest ZIP codes in Sault Ste Marie?
Sault Ste Marie ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Sault Ste Marie?
That depends on your timeline, not on a headline. What the data says today: Sault Ste Marie, MI is a balanced market with 3.8 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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