Escanaba Housing Market Update: Prices Hold Near $175K as Inventory Stays Tight
Escanaba, MI – March 9, 2026 – Home prices remain near $175K with about 40 homes on the market, while rents average around $1,000 per month.
Escanaba, MI – March 9, 2026 – The local housing market is entering early spring with steady prices and relatively limited inventory, keeping competition measured but active.
Top takeaways
- Median sale price recently around $175K, up year over year.
- About 41 homes listed for sale at the end of January.
- Median listing price near $175K.
- Average rents roughly $1,000–$1,045 per month.
Market snapshot
Recent data show Escanaba home prices at a median of about $175,000 in late 2025, reflecting a notable year-over-year increase. Listing data this winter indicated roughly 41 homes for sale, a modest supply that can tighten quickly as spring buyers enter the market.
Realtor.com data place the current median listing price near $175,000, aligning closely with recent sale figures and suggesting sellers are pricing near market expectations rather than far above them.
What’s for sale now
Active listings range from smaller single-family homes priced below $150K to updated properties and larger homes approaching or exceeding $250K. Buyers can also find lake-adjacent and Upper Peninsula-style properties that appeal to second-home shoppers.
With around a few dozen single-family homes on the market at any given time, choice is present but not abundant. Well-maintained homes in move-in condition may draw quicker offers, particularly if priced near recent comparable sales.
Rental trends
On the rental side, recent reports show average monthly rents around $1,045, with median rents near $1,000. Data sources note limited sample sizes in smaller markets, but overall rent levels remain modest compared with many Michigan metros.
For homeowners considering listing this spring, the combination of stable pricing and constrained inventory could support favorable conditions. Buyers, meanwhile, may benefit from acting early before seasonal activity builds.
What are you seeing in Escanaba right now — more listings coming online, or homes moving quickly once they hit the market?
Sources
https://www.zillow.com/home-values/18006/escanaba-mi/
https://www.redfin.com/city/6761/MI/Escanaba/housing-market
https://www.realtor.com/realestateandhomes-search/Escanaba_MI
https://www.zillow.com/escanaba-mi/
https://www.apartments.com/rent-market-trends/escanaba-mi/
https://www.zumper.com/rent-research/escanaba-mi