Market Intelligence Report — MI-340

Houghton, MI

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

Ref. No: 2026-MI-09
As of the latest 2026 data
Cooling

Median Listing

$277K
-5.8% YoY

Pending Ratio

0.32
-7.4% YoY

Active Inventory

166
+46.3% YoY

Median DOM

62 Days
+9.3% YoY

Primary Intelligence Tool — Sold Score™

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The Houghton market is currently characterized by cooling conditions, with the pending ratio registering at 0.32, marking a decline of 7.4% year-over-year. This reflects a reduced pace of demand absorption relative to available supply in the most recent period.

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.

Active listings have seen a substantial increase of 46.3% year-over-year, reaching 166 units, while new listings also rose by 10.5%. Concurrently, the median listing price has moderated, declining by 5.8% over the past year to $277,000, and median days on market increased by 9.3% to 62 days. The pending ratio has contracted by 7.4% year-over-year, indicating a slower rate at which available properties are moving to contract.

Historical Analysis

Market Trends

Median Price

$277K-4.3% MoM

Active Inventory

166+46.3% YoY

Days on Market

62+9.3% YoY

Sold Score™

35-7.4% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

35
Oct 23Sep 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Oct 23Sep 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Oct 23May 24Dec 24Jul 25Feb 26Sep 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

The expansion in active listings suggests less urgency for prospective buyers and a decreased pace of competition for available properties. With a pending ratio of 0.32, inventory pressure on pricing power is notably diminished, affording greater latitude for price discipline and negotiation. This environment suggests a longer marketing period for sellers.

Luxury Segment

While the median listing price declined, the average listing price experienced a 5.0% year-over-year increase, reaching $359,727. However, the median price per square foot fell by 4.1% over the past year to $153, suggesting some downward pressure in the higher-price tiers despite the average price growth.

Supply Dynamics

166 active listings represent the current floor, with new supply arriving at roughly 42 per month.

Pricing Pressure
28.2%

of active listings carry a price reduction, +0.7% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -4.1% year-over-year.

Absorption
0.32

Pending-to-active ratio — Cooling.

Recommended For This Market

Cooling

Selling in Houghton, MI? Homes here are taking 5 days longer to sell than 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
32%
Median Days on Market
62 days
Inventory YoY
+46%

In a buyer's market, strategy beats timing. See how your home scores in Houghton, MI and what moves the number.

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Metro Demographics

Metro Area
Houghton, MI
CBSA Code
26340
State
MI
Analysis FAQ
  • What is the current market condition in Houghton?+

    As of the latest 2026 data, the Houghton metro is classified as Cooling. Pending ratio is 0.32 with median days on market at 62.

  • Are home prices dropping in Houghton?+

    Median listing price is $277K, -5.8% year over year. 28.2% of active listings carry a price reduction.

  • How fast are homes selling in Houghton?+

    The typical listing sits 62 days on market, a +9.3% change YoY. New listings are arriving at 42 per month.

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

    While the median listing price declined, the average listing price experienced a 5.0% year-over-year increase, reaching $359,727. However, the median price per square foot fell by 4.1% over the past year to $153, suggesting some downward pressure in the higher-price tiers despite the average price growth.

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

    Primpted maintains a vetted registry of Houghton 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 26340 · 36mo history