Market Intelligence Report — MI-340

Houghton, MI

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

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

Median Listing

$290K
-3.2% YoY

Pending Ratio

0.31
-22.4% YoY

Active Inventory

156
+40.5% YoY

Median DOM

52 Days
+0.0% YoY

Primary Intelligence Tool — Sold Score™

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The Houghton market is exhibiting cooling conditions, characterized by a pending ratio of 0.31, indicating that demand absorption is moderate relative to available supply. Active listings have expanded significantly year-over-year, suggesting an easing of inventory pressures.

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 Houghton market right now.

Inventory growth remains a notable trend, with active listings increasing by 40.5% over the past year to 156 units. Concurrently, the pending ratio has seen a substantial decrease of 22.4% year-over-year, reflecting reduced demand relative to supply. While new listings remained flat year-over-year, the median listing price experienced a modest contraction of 3.2% year-over-year.

Historical Analysis

Market Trends

Median Price

$290K-3.5% MoM

Active Inventory

156+40.5% YoY

Days on Market

52+0.0% YoY

Sold Score™

30-22.4% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

30
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 active listings expanding considerably and the pending ratio indicating a moderate pace of demand, conditions suggest that negotiating leverage has shifted. The market currently affords buyers greater opportunity for price discipline, with inventory levels reducing immediate pressure for rapid decisions.

Luxury Segment

No distinct luxury-segment signal in this dataset.

Supply Dynamics

156 active listings represent the current floor, with new supply arriving at roughly 48 per month.

Pricing Pressure
26.4%

of active listings carry a price reduction, +0.6% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +5.4% year-over-year.

Absorption
0.31

Pending-to-active ratio — Cooling.

Recommended For This Market

Cooling

Selling in Houghton, MI? Inventory is up 41% from last year.

Buyers have leverage in Houghton, MI. Homes that sell are the ones priced and presented for today's conditions, not last year's.

Buyer Demand Index
31%
Median Days on Market
52 days
Inventory YoY
+41%

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Metro Demographics

Metro Area
Houghton, MI
CBSA Code
26340
State
MI