Market Intelligence Report — MI-300

Sault Ste. Marie, MI

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

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

Median Listing

$252K
+7.3% YoY

Pending Ratio

0.27
-1.0% YoY

Active Inventory

191
+31.7% YoY

Median DOM

73 Days
+28.5% YoY

Primary Intelligence Tool — Sold Score™

Will your home sell in today's cooling Sault Ste. Marie market?

Sold Score™ analyzes 40+ local data points to estimate your home's probability of sale in the next 60 days across Sault Ste. Marie, MI.

Free ReportNo Sign-up~60 Seconds

Sault Ste. Marie, MI is experiencing a cooling market environment, characterized by a pending ratio of 0.27, indicating demand absorption is lagging inventory. Active listings have expanded significantly year-over-year by 31.7%, contributing to elevated supply.

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 Sault Ste. Marie market right now.

The market has observed a substantial year-over-year increase in active listings at 31.7%, alongside a 20.0% rise in new listings. Concurrently, the median listing price, while up 7.3% year-over-year, saw a month-over-month decline of 2.9%. The median days on market increased by 28.5% over the past year, reflecting a slower pace of transactions. The pending ratio declined by 0.01 year-over-year, reinforcing the softening trend.

Historical Analysis

Market Trends

Median Price

$252K-2.9% MoM

Active Inventory

191+31.7% YoY

Days on Market

73+28.5% YoY

Sold Score™

31-1.0% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

31
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

With active listings up over 31% year-over-year and a pending ratio at 0.27, market dynamics suggest a greater need for price discipline from sellers to align with current demand. The expanding inventory levels and slower pace of sales imply that purchasers have an extended period for consideration. This environment may necessitate more proactive adjustments in pricing strategies to facilitate transactions.

Luxury Segment

No distinct luxury-segment signal in this dataset.

Supply Dynamics

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

Pricing Pressure
20.0%

of active listings carry a price reduction, +2.1% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +2.7% year-over-year.

Absorption
0.27

Pending-to-active ratio — Cooling.

Recommended For This Market

Cooling

Selling in Sault Ste. Marie, MI? Homes here are taking 16 days longer to sell than last year.

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

Buyer Demand Index
27%
Median Days on Market
73 days
Inventory YoY
+32%

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

See my Sold Score & selling strategy →

Prefer the data first? Get the monthly Sault Ste. Marie, MI briefing and watch the market before you list.

How the Sold Score works →

Agents: no featured expert covers Sault Ste. Marie, MI yet — claim this market →

How these recommendations are chosen →

The Monthly Briefing

Stay ahead of the Sault Ste. Marie market.

One email per month: median price, inventory, days on market, and curated expert commentary — straight from the Primpted data desk.

Track your ZIP

Get the Sold Score for your exact ZIP code in your inbox each month.

One email per month when your ZIP's Sold Score is updated. Unsubscribe anytime.

Metro Demographics

Metro Area
Sault Ste. Marie, MI
CBSA Code
42300
State
MI