Brokers — List your Company Here
Featured local agent — Shoreham, MI
Sarah Mitchell
Compass Real Estate · Shoreham, 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.
Shoreham, MI Housing Market
The last median sale price Redfin published was $303,000 (through May 2026). With 3.5 months of supply and homes going under contract in about 162 days, Shoreham is a balanced market. At today's 7.03% 30-year fixed rate, 20% down on a $303,000 home is about $1,618/mo in principal and interest.
Key numbers for Shoreham, MI
Median sale price
$303,000
Last published period
Redfin, through May 2026
Days on market
162
Slow-moving
Redfin, through May 2026
Active listings
7
3.5 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
$110,231
Home costs 2.7x income
U.S. Census ACS, 2023
Sale-to-list ratio
100.8%
Selling above 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 Shoreham a buyer's or seller's market?
Shoreham, MI is a balanced market, based on 3.5 months of supply and homes selling in about 162 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 Shoreham housing market data show?
Every row below is Redfin's final published month for Shoreham, MI. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $303,000 |
| Median list price | $325,000 |
| Median price per sq ft | $176/sq ft |
| Median days on market | 162 days |
| Active inventory | 7 listings |
| Months of supply | 3.5 months |
| Sale-to-list price ratio | 100.8% |
| Homes sold (that month) | 2 |
| New listings (that month) | 5 |
| Listings with a price cut | 14.3% |
| 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 Shoreham is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Shoreham 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 Shoreham home prices moved?
Over the last three years the median sale price in Shoreham, MI rose 9.0%, from $278,000 to $303,000. 14.3% of Shoreham 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 3.5 months while the sale-to-list ratio slips below its current 100.8%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
Get Shoreham market alerts
Weekly updates on prices, inventory, and trends. Free forever.
What does it cost to buy a home in Shoreham?
Priced off the median sale price of $303,000 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% | $60,600 | $242,400 | $1,618/mo |
| 5% | $15,150 | $287,850 | $1,921/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 $1,618, that implies roughly $69,325 a year before you add taxes and insurance. The median household in Shoreham earns $110,231, about $40,906 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 2.7x — close to the historical 3x norm, which is unusual in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Shoreham in the next 12 months?
Tell us your timeline. We send the Shoreham 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 Shoreham?
Zillow does not publish a rent index (ZORI) for Shoreham, 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 Shoreham?
Active listings in Shoreham, MI went from 4 in February 2025 to 7 in May 2026, a +75.0% 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 |
|---|---|---|
| March 2025 | 2 | not published |
| April 2025 | 3 | 1 |
| June 2025 | 6 | 1 |
| July 2025 | 5 | 2 |
| August 2025 | 7 | 4 |
| September 2025 | 8 | 3 |
| October 2025 | 8 | 2 |
| November 2025 | 5 | not published |
| December 2025 | 5 | not published |
| February 2026 | 3 | not published |
| April 2026 | 6 | 3 |
| May 2026 | 7 | 5 |
Redfin, through May 2026
How does Shoreham compare to Michigan and the U.S.?
Shoreham homes sell for $303,000 — 2% above the Michigan median of $297,900. Against the national median of $410,700, Shoreham runs 26% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Shoreham, MI | $303,000 | not published | 162 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 Shoreham
What buyers should watch
- Months of supply, currently 3.5. 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 14.3%. 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 $303 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 $303,000 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 Shoreham listing goes under contract in 162 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 100.8% of asking. Price at the number you want and let competition do the rest.
- In the last published month Shoreham added 5 new listings against 2 sales — more competition arriving than clearing, so early timing matters.
- Comparable ZIP-level pricing inside Shoreham varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Shoreham
There are currently 7 homes listed for sale in Shoreham, Michigan. The median listing price is $325K.
Active listings
7
Homes on market
Median list price
$325K
Avg. days on market
162
Days until sale
New this week
5
Newly listed
How much do homes cost in Shoreham by property type?
How the Shoreham, 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 | $315,000 | $104/sq ft | 1 | 183 days |
| Condo / co-op | $303,000 | $176/sq ft | 2 | 162 days |
Who lives in Shoreham?
American Community Survey estimates for Shoreham. U.S. Census ACS, 2023
Population
899
Households
403
Median income
$110,231/yr
Median age
49.6 years
Owner-occupied
71.5%
Median home value
$284,900
Median gross rent
$1,309/mo
Mean commute
18.9 min
71.5% of occupied homes in Shoreham 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 Shoreham, MI?
Ordered by distance from Shoreham, not by size. Compare Shoreham side by side with any of them.
Shoreham housing market FAQ
Is Shoreham a buyer's or seller's market?
Shoreham, MI is currently a balanced market. That read comes from 3.5 months of supply, homes going under contract in about 162 days, and sellers getting 100.8% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Shoreham?
The median sale price in the last month Redfin published was $303,000, about $176 per square foot.
Is Shoreham cheaper than the rest of Michigan?
Shoreham's median sale price of $303,000 is 2% higher than the Michigan statewide median of $297,900, and 26% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Shoreham?
Homes in Shoreham, MI spent a median of 162 days on market before going under contract, versus 24 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Shoreham?
At the current 30-year fixed rate of 7.03%, 20% down on a $303,000 home is about $1,618 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $69,325 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $110,231.
Are home prices rising in Shoreham?
We do not hold a complete 12-month value series for Shoreham, MI yet, so we are not going to call a direction. The price chart above shows every period we do have.
What are the cheapest ZIP codes in Shoreham?
Shoreham 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 Shoreham?
That depends on your timeline, not on a headline. What the data says today: Shoreham, MI is a balanced market with 3.5 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
Be the brokerage on this page
1 slot per pageGet featured on Shoreham, 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
Keep researching Shoreham
Nearby markets
Get the Shoreham market brief
Get the Shoreham, MI market brief
One email: what homes are actually clearing at around $303,000, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.