Market Intelligence Report — MI-100

Marquette, MI

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

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

Median Listing

$400K
-2.6% YoY

Pending Ratio

0.61
-12.4% YoY

Active Inventory

187
+34.5% YoY

Median DOM

46 Days
-20.0% YoY

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The Marquette, MI housing market is currently experiencing accelerated activity, driven by a pending ratio of 0.61. This indicates that demand continues to absorb available inventory at a robust pace, despite a notable year-over-year increase in active listings.

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 Marquette market right now.

Active listings have expanded significantly, up 34.5% year-over-year, alongside a 41.2% year-over-year surge in new listings. While the median listing price declined by 2.6% over the past year, demand remains relatively strong, with median days on market contracting by 20.0% year-over-year. The pending ratio, however, has softened by 12.4% year-over-year, suggesting some moderation in the pace of demand relative to the prior period.

Historical Analysis

Market Trends

Median Price

$400K-5.1% MoM

Active Inventory

187+34.5% YoY

Days on Market

46-20.0% YoY

Sold Score™

59-12.4% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

59
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

The current market dynamics suggest a sustained pace of transactions, with inventory pressure remaining observable given the pending ratio above 0.60. While new supply has increased, the relatively quick absorption reflected in days on market metrics indicates that sellers may still command some discipline in pricing, though the upward trend in price-reduced share suggests evolving buyer expectations.

Luxury Segment

The luxury segment does not present a distinct signal in this dataset, with the average listing price up 5.2% year-over-year contrasting with a 2.8% year-over-year decline in median $/sqft. No distinct luxury-segment signal in this dataset.

Supply Dynamics

187 active listings represent the current floor, with new supply arriving at roughly 96 per month.

Pricing Pressure
22.5%

of active listings carry a price reduction, +10.5% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -2.8% year-over-year.

Absorption
0.61

Pending-to-active ratio — Accelerated.

Recommended For This Market

Accelerated

Selling in Marquette, MI? Homes here are taking 12 days less to sell than last year.

Demand in Marquette, MI is outpacing supply. Well-prepared listings are still clearing quickly — pricing to the current pace matters more than waiting.

Buyer Demand Index
61%
Median Days on Market
46 days
Inventory YoY
+35%

Demand is strong in Marquette, MI. Check your Sold Score before you price — conditions this favorable don't hold forever.

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Metro Demographics

Metro Area
Marquette, MI
CBSA Code
32100
State
MI
Analysis FAQ
  • What is the current market condition in Marquette?+

    As of the latest 2026 data, the Marquette metro is classified as Accelerated. Pending ratio is 0.61 with median days on market at 46.

  • Are home prices dropping in Marquette?+

    Median listing price is $400K, -2.6% year over year. 22.5% of active listings carry a price reduction.

  • How fast are homes selling in Marquette?+

    The typical listing sits 46 days on market, a -20.0% change YoY. New listings are arriving at 96 per month.

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

    The luxury segment does not present a distinct signal in this dataset, with the average listing price up 5.2% year-over-year contrasting with a 2.8% year-over-year decline in median $/sqft. No distinct luxury-segment signal in this dataset.

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

    Primpted maintains a vetted registry of Marquette 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 32100 · 36mo history