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Featured local agent — Waverly, MI
Sarah Mitchell
Compass Real Estate · Waverly, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Waverly, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$267,800median sale price
How is the Waverly, MI housing market right now?
The median home sale price in Waverly, MI is $267,800, down 4.0% year-over-year. Homes sell in an average of 33 days with 45 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 Waverly a buyer's or seller's market?
Waverly, MI is currently a strong seller's market, based on 1.7 months of supply and homes selling in about 33 days. How we determine this →
Homes sold
27
Last 12 weeks
Days on market
33
Average pace
Active listings
45
1.7 months supply
Sale-to-list
101.1%
Above asking
What does the Waverly housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $267,800 |
| Median list price | $274,900 |
| Year-over-year price change | -4.0% |
| Average days on market | 33 days |
| Active inventory | 45 listings |
| Months of supply | 1.7 months |
| Sale-to-list price ratio | 101.1% |
| Median price per sq ft | $147/sq ft |
| Homes sold (latest month) | 27 |
| New listings (latest month) | 37 |
| Listings with a price cut | 17.8% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Waverly by property type?
How the Waverly, 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 | $282,500 | $153/sq ft | 16 | 29 days |
| Condo / Co-op | $240,000 | $143/sq ft | 11 | 56 days |
Source: Redfin · Updated monthly
The Waverly housing market is currently classified as a strong seller's market with a median sale price of $267,800. Prices have fallen 4.0% compared to last year, with homes spending an average of 33 days on market, indicating 1.7 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 Waverly
There are currently 45 homes listed for sale in Waverly, Michigan. The median listing price is $275K.
Active listings
45
Homes on market
Median list price
$275K
Avg. days on market
33
Days until sale
New this week
37
Newly listed
Who lives in Waverly?
Population
23,301
Median income
$75,868/yr
Median age
40.7 years
Owner-occupied
55.8%
College grads
43.9%
Avg commute
18.6 min
Source: U.S. Census Bureau ACS
What is it like to live in Waverly?
Waverly is a community of approximately 23K residents with a median age of 40.7 years.The median household income is $75,868, which reflects a relatively affluent area with strong earning potential. 43.9% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 55.8%, showing a blend of owner and renter-occupied properties. The average commute time is 18.6 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Waverly offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Waverly, MI?
Want a head-to-head view? Compare Waverly side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Waverly?
The median home sale price in Waverly is $267,800, down 4.0% from last year.
How long do homes stay on market in Waverly?
Homes typically spend 33 days on market before going under contract.
What is the median income in Waverly?
The median household income is $75,868 per year.
Is Waverly a buyer's or seller's market?
With 1.7 months of supply, Waverly is currently a strong seller's market.
What is the median condo price in Waverly?
The median condo/co-op sale price in Waverly, MI is $240,000, compared to $282,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Waverly?
The median single-family home price in Waverly, MI is $282,500 (about $153 per square foot).
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