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Featured local agent — Whitmore Lake, MI
Sarah Mitchell
Compass Real Estate · Whitmore Lake, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Whitmore Lake, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$325,000median sale price
How is the Whitmore Lake, MI housing market right now?
The median home sale price in Whitmore Lake, MI is $325,000, up 14.0% year-over-year. Homes sell in an average of 26 days with 12 active listings. The market is currently a 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 Whitmore Lake a buyer's or seller's market?
Whitmore Lake, MI is currently a seller's market, based on 1.7 months of supply and homes selling in about 26 days. How we determine this →
Homes sold
7
Last 12 weeks
Days on market
26
Average pace
Active listings
12
1.7 months supply
Sale-to-list
97.0%
Below asking
What does the Whitmore Lake housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $325,000 |
| Median list price | $535,000 |
| Year-over-year price change | +14.0% |
| Average days on market | 26 days |
| Active inventory | 12 listings |
| Months of supply | 1.7 months |
| Sale-to-list price ratio | 97.0% |
| Median price per sq ft | $208/sq ft |
| Homes sold (latest month) | 7 |
| New listings (latest month) | 12 |
| Listings with a price cut | 25.0% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Whitmore Lake by property type?
How the Whitmore 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 | $325,000 | $208/sq ft | 7 | 26 days |
| Condo / Co-op | $275,000 | $225/sq ft | 1 | 3 days |
Source: Redfin · Updated monthly
The Whitmore Lake housing market is currently classified as a seller's market with a median sale price of $325,000. Prices have risen 14.0% compared to last year, with homes spending an average of 26 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.The price-to-income ratio of 4.7x provides context for how home values compare to local earning capacity.
Homes for sale in Whitmore Lake
There are currently 12 homes listed for sale in Whitmore Lake, Michigan. The median listing price is $535K.
Active listings
12
Homes on market
Median list price
$535K
Avg. days on market
26
Days until sale
New this week
12
Newly listed
Who lives in Whitmore Lake?
Population
8,083
Median income
$78,038/yr
Median age
37 years
Owner-occupied
70.5%
College grads
38.1%
Avg commute
27.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Whitmore Lake?
Zillow home value
$367,008
Zillow rent index
$1,635/mo
Price-to-rent ratio
18.7x
Price-to-income
4.7x
Source: Zillow Research
What is it like to live in Whitmore Lake?
Whitmore Lake is a community of approximately 8K residents with a median age of 37 years.The median household income is $78,038, which reflects a relatively affluent area with strong earning potential. 38.1% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 70.5%, reflecting strong community stability and long-term resident commitment. The average commute time is 27.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Whitmore Lake offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Whitmore Lake?
3 schools tracked · 927 students
The largest public schools serving Whitmore Lake, 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.
Whitmore Lake Elementary School
Grades K-6 · 389 students
Livingston Classical Academy
Grades K-12 · 286 students
Whitmore Lake High School
Grades 7-12 · 252 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 Whitmore Lake, MI?
Want a head-to-head view? Compare Whitmore Lake side-by-side with any other U.S. city using our market-comparison tool.
Is Whitmore Lake a good real estate investment market?
For investors evaluating Whitmore Lake, the price-to-rent ratio of 18.7x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 14.0% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Whitmore Lake's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Whitmore Lake's median home price.
Frequently asked questions
What is the average home price in Whitmore Lake?
The median home sale price in Whitmore Lake is $325,000, up 14.0% from last year.
How long do homes stay on market in Whitmore Lake?
Homes typically spend 26 days on market before going under contract.
What is the median income in Whitmore Lake?
The median household income is $78,038 per year.
Is Whitmore Lake a buyer's or seller's market?
With 1.7 months of supply, Whitmore Lake is currently a seller's market.
What is the Zillow home value estimate for Whitmore Lake?
The Zillow Home Value Index (ZHVI) for Whitmore Lake is $367,008, representing the typical home value in the area.
What is the median condo price in Whitmore Lake?
The median condo/co-op sale price in Whitmore Lake, MI is $275,000, compared to $325,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Whitmore Lake?
The median single-family home price in Whitmore Lake, MI is $325,000 (about $208 per square foot).
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