Market Intelligence Report — MI-540

Escanaba, MI

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-MI-08
As of the latest 2026 data
Stabilizing

Median Listing

$345K
+3.0% YoY

Pending Ratio

0.59
+0.5% YoY

Active Inventory

97
+22.8% YoY

Median DOM

49 Days
+2.1% YoY

Primary Intelligence Tool — Sold Score™

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The Escanaba, MI market is assessed as Stabilizing, with a pending ratio of 0.59 indicating a balanced demand absorption relative to supply. Active listings have expanded significantly year-over-year by 22.8%, while the median listing price has shown a modest 3.0% increase over the past year.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Local economic indicators are not yet available for this metro. Check back soon.
Market Analysis

What's moving the Escanaba market right now.

Inventory levels have seen notable expansion, with active listings increasing by 22.8% over the past year. Concurrently, new listings experienced a year-over-year contraction of 7.1%. The median listing price advanced by 3.0% year-over-year, alongside a 4.8% rise in the median price per square foot. The pending ratio, currently at 0.59, has remained relatively stable, registering a 0.5% year-over-year increase.

Historical Analysis

Market Trends

Median Price

$345K+2.2% MoM

Active Inventory

97+22.8% YoY

Days on Market

49+2.1% YoY

Sold Score™

62+0.5% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

62
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

With a pending ratio near the midpoint of the balanced range and an expanding inventory base, the current environment allows for a more measured pace of transaction. The notable increase in active listings suggests reduced urgency for immediate offers, potentially enabling greater price discipline in negotiations. While demand is consistently absorbing supply, the growth in available homes fosters a less pressured transaction environment.

Luxury Segment

The average listing price decreased by 5.0% year-over-year, contrasting with a 3.0% rise in the median listing price. This divergence suggests some softening in pricing dynamics within the higher echelons of the market, potentially impacting average price metrics more acutely than the broader median.

Supply Dynamics

97 active listings represent the current floor, with new supply arriving at roughly 52 per month.

Pricing Pressure
18.2%

of active listings carry a price reduction, -1.3% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +4.8% year-over-year.

Absorption
0.59

Pending-to-active ratio — Stabilizing.

Recommended For This Market

Stabilizing

Selling in Escanaba, MI? Inventory is up 23% from last year.

Escanaba, MI is sitting near equilibrium. Preparation, pricing and timing decide whether a listing sells fast or lingers.

Buyer Demand Index
59%
Median Days on Market
49 days
Inventory YoY
+23%

Escanaba, MI is balanced, so preparation decides the outcome. Your Sold Score shows where you stand today.

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Metro Demographics

Metro Area
Escanaba, MI
CBSA Code
21540
State
MI
Analysis FAQ
  • What is the current market condition in Escanaba?+

    As of the latest 2026 data, the Escanaba metro is classified as Stabilizing. Pending ratio is 0.59 with median days on market at 49.

  • Are home prices dropping in Escanaba?+

    Median listing price is $345K, +3.0% year over year. 18.2% of active listings carry a price reduction.

  • How fast are homes selling in Escanaba?+

    The typical listing sits 49 days on market, a +2.1% change YoY. New listings are arriving at 52 per month.

  • What's happening in the Escanaba luxury market?+

    The average listing price decreased by 5.0% year-over-year, contrasting with a 3.0% rise in the median listing price. This divergence suggests some softening in pricing dynamics within the higher echelons of the market, potentially impacting average price metrics more acutely than the broader median.

  • Where can I find a trusted Escanaba real estate expert?+

    Primpted maintains a vetted registry of Escanaba agents with verified credentials, Google reviews, and neighborhood specialization. See the Featured Experts section above.

Data & Methodology

Primary data sourced via Realtor.com's RDC Inventory Core Metrics (CBSA-level), supplemented by editorial analysis and the Primpted local expert registry. Historical trends calculated on a rolling 12-month basis. Past direction is not a forecast.

As of the latest 2026 data · CBSA 21540 · 36mo history