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Featured local agent — Utica, MI
Sarah Mitchell
Compass Real Estate · Utica, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Utica, MI Housing Market
The typical home in Utica, MI is worth $257,729, held roughly flat 0.3% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $227,500, +26.7% year over year (through May 2026). With 1.6 months of supply and homes going under contract in about 19 days, Utica is a seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $257,729 home is about $1,376/mo in principal and interest.
Key numbers for Utica, MI
Typical home value
$257,729
+0.3% in 12 months
Zillow, August 2026
Median sale price
$227,500
+26.7% year over year
Redfin, through May 2026
Days on market
19
Fast-moving
Redfin, through May 2026
Active listings
14
1.6 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
$55,524
Home costs 4.6x income
U.S. Census ACS, 2023
Sale-to-list ratio
99.1%
Selling below asking
Redfin, through May 2026
Zillow figures are as of August 2026 and 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 Utica a buyer's or seller's market?
Utica, MI is a seller's market, based on 1.6 months of supply and homes selling in about 19 days. Under 2 months of supply is a severe shortage: expect competition on almost anything priced correctly, and little room to negotiate below asking.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Utica housing market data show?
Every row below is Redfin's final published month for Utica, MI. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $227,500 |
| Median list price | $330,000 |
| Year-over-year price change | +26.7% |
| Median price per sq ft | $160/sq ft |
| Median days on market | 19 days |
| Active inventory | 14 listings |
| Months of supply | 1.6 months |
| Sale-to-list price ratio | 99.1% |
| Homes sold (that month) | 9 |
| New listings (that month) | 9 |
| Listings with a price cut | 28.6% |
| Market condition | Seller's 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 Utica is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Utica 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 Utica home prices moved?
Over the last three years the median sale price in Utica, MI fell 6.0%, from $242,000 to $227,500. The live Zillow value series has held roughly flat 0.3% in the last 12 months, which is the more current read now that Redfin's series has stopped. 28.6% of Utica listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 1.6 months while the sale-to-list ratio slips below its current 99.1%. 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 Utica?
Priced off the typical home value of $257,729 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% | $51,546 | $206,183 | $1,376/mo |
| 5% | $12,886 | $244,842 | $1,634/mo |
Zillow, August 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 $1,376, that implies roughly $58,967 a year before you add taxes and insurance. The median household in Utica earns $55,524, about $3,443 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 4.6x — 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 Utica in the next 12 months?
Tell us your timeline. We send the Utica 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 Utica?
Zillow does not publish a rent index (ZORI) for Utica, 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 Utica?
Active listings in Utica, MI went from 14 in May 2025 to 14 in May 2026, a +0.0% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 16 | 8 |
| July 2025 | 15 | 5 |
| August 2025 | 14 | 5 |
| September 2025 | 14 | 6 |
| October 2025 | 15 | 8 |
| November 2025 | 10 | 3 |
| December 2025 | 6 | 1 |
| January 2026 | 3 | 4 |
| February 2026 | 10 | 9 |
| March 2026 | 9 | 8 |
| April 2026 | 14 | 12 |
| May 2026 | 14 | 9 |
Redfin, through May 2026
How does Utica compare to Michigan and the U.S.?
Utica homes sell for $227,500 — 24% below the Michigan median of $297,900. Against the national median of $410,700, Utica runs 45% lower. Year-over-year, Utica moved +26.7% against Michigan's +4.6% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Utica, MI | $227,500 | +26.7% | 19 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 Utica
What buyers should watch
- Months of supply, currently 1.6. 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 28.6%. 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 $258 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 $257,729 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 Utica listing goes under contract in 19 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 99.1% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Utica added 9 new listings against 9 sales — more clearing than arriving, which is the better window to list.
- Your equity moved +0.3% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Utica varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Utica
There are currently 14 homes listed for sale in Utica, Michigan. The median listing price is $330K.
Active listings
14
Homes on market
Median list price
$330K
Avg. days on market
19
Days until sale
New this week
9
Newly listed
How much do homes cost in Utica by property type?
How the Utica, 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 | $362,500 | $151/sq ft | 2 | 11 days |
| Condo / co-op | $215,000 | $160/sq ft | 7 | 22 days |
Who lives in Utica?
American Community Survey estimates for Utica. U.S. Census ACS, 2023
Population
5,184
Households
2,477
Median income
$55,524/yr
Median age
44.8 years
Owner-occupied
56.1%
Median home value
$216,800
Median gross rent
$984/mo
Mean commute
24.4 min
56.1% of occupied homes in Utica 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. The Census self-reported median home value is $216,800 against Zillow's $257,729 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which public schools serve Utica?
3 schools tracked · 2,427 students
The largest public schools serving Utica, 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.
Utica High School
Grades 9-12 · 1,372 students
Eppler Junior High School
Grades 7-9 · 627 students
Flickinger Elementary School
Grades PK-6 · 428 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 Utica, MI?
Ordered by distance from Utica, not by size. Compare Utica side by side with any of them.
Utica housing market FAQ
Is Utica a buyer's or seller's market?
Utica, MI is currently a seller's market. That read comes from 1.6 months of supply, homes going under contract in about 19 days, and sellers getting 99.1% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Utica?
The typical home in Utica, MI is worth $257,729 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $227,500, about $160 per square foot.
Is Utica cheaper than the rest of Michigan?
Utica's median sale price of $227,500 is 24% lower than the Michigan statewide median of $297,900, and 45% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Utica?
Homes in Utica, MI spent a median of 19 days on market before going under contract, versus 24 days statewide. Under three weeks means well-priced listings move before most buyers can schedule a second showing. (Redfin, through May 2026.)
What income do you need to buy a home in Utica?
At the current 30-year fixed rate of 7.03%, 20% down on a $257,729 home is about $1,376 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $58,967 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $55,524.
Are home prices rising in Utica?
The typical home value in Utica, MI held roughly flat 0.3% over the last 12 months, from $256,838 to $257,729 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Utica?
Utica 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 Utica?
That depends on your timeline, not on a headline. What the data says today: Utica, MI is a seller's market with 1.6 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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