Marquette Housing Update: Values Up, Sales Mixed as 2026 Begins
Marquette, MI – March 12, 2026 – Home values are rising in Marquette, but recent sales data shows mixed signals amid tight inventory.
Home values in Marquette, MI continue to trend higher entering 2026, even as recent sales activity shows some volatility tied to low transaction volume.
Top takeaways
- Typical home value: $309,268, up 8.7% year over year (through Jan. 31, 2026).
- Median sale price: $226,000 in January, down year over year on limited sales.
- Inventory remains tight with 66 homes listed at the end of January.
Prices and sales
Zillow’s Home Value Index places the average Marquette home value at $309,268, reflecting steady annual appreciation. The median list price at the end of January was $380,317, with 66 homes on the market and 13 new listings added during the month.
Redfin reports a median sale price of $226,000 in January 2026, with seven homes sold and a median 55 days on market. Because monthly sales totals are small, a few higher- or lower-priced closings can significantly sway the year-over-year comparison.
Analysts cited in a recent Michigan market outlook note that limited inventory continues to put a floor under prices, even if buyer demand cools slightly. Many owners are holding onto lower mortgage rates secured in prior years, reducing resale supply.
Rental snapshot
Average rent in Marquette was reported at $1,440 as of late January, with modest year-over-year growth. With nearly half of local households renting, pressure in the for-sale market often carries over into rental demand.
What’s for sale
- Four-bedroom homes around the upper $300Ks remain available, reflecting the current median list range.
- Entry-level options under $100K exist but are limited in number and condition.
- Neighborhoods such as Trowbridge Park and Harvey show typical values in the upper $200Ks.
Overall, Marquette’s housing market remains somewhat competitive, with select homes drawing strong interest while others sit longer as buyers weigh affordability and rates projected in the upper 5% to low 6% range this year.
Are you seeing more listings or more competition in your neighborhood this spring?
Sources
https://www.zillow.com/home-values/49559/marquette-mi/
https://www.redfin.com/city/13389/MI/Marquette/housing-market
https://michiganmover.com/blog/marquette-housing-market-forecast-2026/