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Featured local agent — South Gull Lake, MI
Sarah Mitchell
Compass Real Estate · South Gull Lake, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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South Gull Lake, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$967,500median sale price
How is the South Gull Lake, MI housing market right now?
The median home sale price in South Gull Lake, MI is $967,500, up 43.3% year-over-year. Homes sell in an average of 3 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 South Gull Lake a buyer's or seller's market?
South Gull Lake, MI is currently a strong seller's market, based on 0.5 months of supply and homes selling in about 3 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
3
Fast-moving
Active listings
1
0.5 months supply
Sale-to-list
97.4%
Below asking
What does the South Gull Lake housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $967,500 |
| Median list price | $1.99M |
| Year-over-year price change | +43.3% |
| Average days on market | 3 days |
| Active inventory | 1 listings |
| Months of supply | 0.5 months |
| Sale-to-list price ratio | 97.4% |
| Median price per sq ft | $403/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 1 |
| Listings with a price cut | 100.0% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in South Gull Lake by property type?
How the South Gull Lake, 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 | $967,500 | $403/sq ft | 2 | 3 days |
| Condo / Co-op | $650,000 | $360/sq ft | 1 | 25 days |
Source: Redfin · Updated monthly
The South Gull Lake housing market is currently classified as a strong seller's market with a median sale price of $967,500. Prices have risen 43.3% compared to last year, with homes spending an average of 3 days on market, indicating 0.5 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in South Gull Lake
There are currently 1 homes listed for sale in South Gull Lake, Michigan. The median listing price is $2.0M.
Active listings
1
Homes on market
Median list price
$2.0M
Avg. days on market
3
Days until sale
New this week
1
Newly listed
Who lives in South Gull Lake?
Population
2,145
Median income
$236,094/yr
Median age
44.5 years
Owner-occupied
86.8%
College grads
82.9%
Avg commute
19.3 min
Source: U.S. Census Bureau ACS
What is it like to live in South Gull Lake?
South Gull Lake is a community of approximately 2K residents with a median age of 44.5 years.The median household income is $236,094, which reflects a relatively affluent area with strong earning potential. 82.9% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 86.8%, reflecting strong community stability and long-term resident commitment. The average commute time is 19.3 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, South Gull Lake offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near South Gull Lake, MI?
Want a head-to-head view? Compare South Gull Lake side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in South Gull Lake?
The median home sale price in South Gull Lake is $967,500, up 43.3% from last year.
How long do homes stay on market in South Gull Lake?
Homes typically spend 3 days on market before going under contract.
What is the median income in South Gull Lake?
The median household income is $236,094 per year.
Is South Gull Lake a buyer's or seller's market?
With 0.5 months of supply, South Gull Lake is currently a strong seller's market.
What is the median condo price in South Gull Lake?
The median condo/co-op sale price in South Gull Lake, MI is $650,000, compared to $967,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in South Gull Lake?
The median single-family home price in South Gull Lake, MI is $967,500 (about $403 per square foot).
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