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Featured local agent — Schoolcraft, MI
Sarah Mitchell
Compass Real Estate · Schoolcraft, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Schoolcraft, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$224,500median sale price
How is the Schoolcraft, MI housing market right now?
The median home sale price in Schoolcraft, MI is $224,500, down 58.0% year-over-year. Homes sell in an average of 2 days with 1 active listings. The market is currently a strong 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 Schoolcraft a buyer's or seller's market?
Schoolcraft, MI is currently a strong seller's market, based on 0.3 months of supply and homes selling in about 2 days. How we determine this →
Homes sold
3
Last 12 weeks
Days on market
2
Fast-moving
Active listings
1
0.3 months supply
Sale-to-list
101.8%
Above asking
What does the Schoolcraft housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $224,500 |
| Median list price | $261,500 |
| Year-over-year price change | -58.0% |
| Average days on market | 2 days |
| Active inventory | 1 listings |
| Months of supply | 0.3 months |
| Sale-to-list price ratio | 101.8% |
| Median price per sq ft | $177/sq ft |
| Homes sold (latest month) | 3 |
| New listings (latest month) | 2 |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Schoolcraft by property type?
How the Schoolcraft, 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 | $224,500 | $177/sq ft | 3 | 2 days |
Source: Redfin · Updated monthly
The Schoolcraft housing market is currently classified as a strong seller's market with a median sale price of $224,500. Prices have fallen 58.0% compared to last year, with homes spending an average of 2 days on market, indicating 0.3 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 4.3x provides context for how home values compare to local earning capacity.
Homes for sale in Schoolcraft
There are currently 1 homes listed for sale in Schoolcraft, Michigan. The median listing price is $262K.
Active listings
1
Homes on market
Median list price
$262K
Avg. days on market
2
Days until sale
New this week
2
Newly listed
Who lives in Schoolcraft?
Population
1,268
Median income
$82,813/yr
Median age
36.3 years
Owner-occupied
74.8%
College grads
28.1%
Avg commute
21.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Schoolcraft?
Zillow home value
$359,172
Price-to-income
4.3x
Source: Zillow Research
What is it like to live in Schoolcraft?
Schoolcraft is a community of approximately 1K residents with a median age of 36.3 years.The median household income is $82,813, which reflects a relatively affluent area with strong earning potential. 28.1% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 74.8%, reflecting strong community stability and long-term resident commitment. The average commute time is 21.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Schoolcraft offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Schoolcraft?
2 schools tracked · 1,111 students
The largest public schools serving Schoolcraft, 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.
Schoolcraft Elementary School
Grades PK-6 · 606 students
Schoolcraft High School
Grades 7-12 · 505 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 Schoolcraft, MI?
Want a head-to-head view? Compare Schoolcraft side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Schoolcraft?
The median home sale price in Schoolcraft is $224,500, down 58.0% from last year.
How long do homes stay on market in Schoolcraft?
Homes typically spend 2 days on market before going under contract.
What is the median income in Schoolcraft?
The median household income is $82,813 per year.
Is Schoolcraft a buyer's or seller's market?
With 0.3 months of supply, Schoolcraft is currently a strong seller's market.
What is the Zillow home value estimate for Schoolcraft?
The Zillow Home Value Index (ZHVI) for Schoolcraft is $359,172, representing the typical home value in the area.
How much does a single-family home cost in Schoolcraft?
The median single-family home price in Schoolcraft, MI is $224,500 (about $177 per square foot).
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