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Featured local agent — Three Rivers, MI
Sarah Mitchell
Compass Real Estate · Three Rivers, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Three Rivers, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$170,000median sale price
How is the Three Rivers, MI housing market right now?
The median home sale price in Three Rivers, MI is $170,000, down 41.4% year-over-year. Homes sell in an average of 43 days with 20 active listings. The market is currently a balanced 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 Three Rivers a buyer's or seller's market?
Three Rivers, MI is currently a balanced market, based on 2.5 months of supply and homes selling in about 43 days. How we determine this →
Homes sold
8
Last 12 weeks
Days on market
43
Average pace
Active listings
20
2.5 months supply
Sale-to-list
95.4%
Below asking
What does the Three Rivers housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $170,000 |
| Median list price | $194,750 |
| Year-over-year price change | -41.4% |
| Average days on market | 43 days |
| Active inventory | 20 listings |
| Months of supply | 2.5 months |
| Sale-to-list price ratio | 95.4% |
| Median price per sq ft | $142/sq ft |
| Homes sold (latest month) | 8 |
| New listings (latest month) | 8 |
| Listings with a price cut | 20.0% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Three Rivers by property type?
How the Three Rivers, 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 | $176,000 | $150/sq ft | 7 | 25 days |
| Condo / Co-op | $229,900 | $185/sq ft | 1 | 54 days |
Source: Redfin · Updated monthly
The Three Rivers housing market is currently classified as a balanced market with a median sale price of $170,000. Prices have fallen 41.4% compared to last year, with homes spending an average of 43 days on market, indicating 2.5 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 4.8x provides context for how home values compare to local earning capacity.
Homes for sale in Three Rivers
There are currently 20 homes listed for sale in Three Rivers, Michigan. The median listing price is $195K.
Active listings
20
Homes on market
Median list price
$195K
Avg. days on market
43
Days until sale
New this week
8
Newly listed
Who lives in Three Rivers?
Population
7,936
Median income
$48,852/yr
Median age
34.9 years
Owner-occupied
54.3%
College grads
15.2%
Avg commute
18.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Three Rivers?
Zillow home value
$232,277
Price-to-income
4.8x
Source: Zillow Research
What is it like to live in Three Rivers?
Three Rivers is a community of approximately 8K residents with a median age of 34.9 years.The median household income is $48,852, which represents a working-class community with solid middle-income opportunities. 15.2% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 54.3%, showing a blend of owner and renter-occupied properties. The average commute time is 18.7 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Three Rivers offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Three Rivers?
6 schools tracked · 2,266 students
The largest public schools serving Three Rivers, 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.
Three Rivers High School
Grades 9-12 · 676 students
Three Rivers Middle School
Grades 6-8 · 495 students
Ruth Hoppin School
Grades K-5 · 294 students
Andrews Elementary School
Grades PK-5 · 281 students
Park Elementary School
Grades K-5 · 273 students
Norton Elementary School
Grades K-5 · 247 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 Three Rivers, MI?
Want a head-to-head view? Compare Three Rivers side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Three Rivers?
The median home sale price in Three Rivers is $170,000, down 41.4% from last year.
How long do homes stay on market in Three Rivers?
Homes typically spend 43 days on market before going under contract.
What is the median income in Three Rivers?
The median household income is $48,852 per year.
Is Three Rivers a buyer's or seller's market?
With 2.5 months of supply, Three Rivers is currently a balanced market.
What is the Zillow home value estimate for Three Rivers?
The Zillow Home Value Index (ZHVI) for Three Rivers is $232,277, representing the typical home value in the area.
What is the median condo price in Three Rivers?
The median condo/co-op sale price in Three Rivers, MI is $229,900, compared to $176,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Three Rivers?
The median single-family home price in Three Rivers, MI is $176,000 (about $150 per square foot).
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