Ludington Housing Market Report April 2025•Mason County, Michigan

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Housing Prices in Ludington, MI

How much do homes in Ludington, MI cost?

Housing Market Conditions

Is Ludington, MI a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Ludington is a Seller's Market

Difference Since April 2024

Since last year, Ludington has remained a Seller's Market.

Insight

Ludington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$285,000$178/SqFt
-$10,050
-3.4%

Based on all homes sold in the last 12 months

Insight

Homes in Ludington have sold for 3.4% less than they did a year ago.

Summary: The median home sold price in Ludington was $285,000 in April 2025, down 3.4% from last year, and the median price per square foot was $178.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Ludington
-3.4%
Pere Marquette Charter Township
-13.6%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsApr 2024Apr 2025Change YoY
1$189K$214.4K
+13.5%
2$268K$247.5K
-7.6%
3$285K$285K
0.0%
4$345K$342K
-0.9%
5$476K$477K
0.2%

Summary: Ludington housing price by bedroom type for April 2025, compared to the previous year. The home price for 1 bedroom homes increased by +13.5%. The home price for 2 bedroom homes decreased by -7.6%. The home price for 3 bedroom homes did not change. The home price for 4 bedroom homes decreased by -0.9%. The home price for 5 bedroom homes increased by 0.2%.

How does Ludington, MI compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Ludington, MI

Housing supply in Ludington, MI

How many homes are available in Ludington, MI?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
67Last MonthApr 2025
482 months agoMar 2025
+39.6 %
Change MoMMar – Apr

Summary: The Ludington real estate market had 67 homes for sale in Apr 2025, a 39.6 % increase compared to Mar 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
13Last MonthApr 2025
72 months agoMar 2025
+85.7 %
Change MoMMar – Apr

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsMar 2025Apr 2025Change MoM
123
+50.0%
21016
+60.0%
32229
+31.8%
41318
+38.5%
511
0.0%

Summary: Ludington housing inventory by bedroom type for April 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +50.0%. The inventory for 2 bedroom homes increased by +60.0%. The inventory for 3 bedroom homes increased by +31.8%. The inventory for 4 bedroom homes increased by +38.5%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Ludington, MI cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price5 Homes

At Asking Price3 Homes

Under Asking Price5 Homes

Insight

If you're buying a home in Ludington, you may be able to get a good deal. 38.5% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Ludington in April 2025, up by 85.7% month-over-month. Of the 13 sold homes, 38% were sold under asking, 23% were sold at asking, and and 38% were sold over asking.

Days on Market for Ludington, MI

How long does it take to sell a home in Ludington, MI?

Breakdown of Home Sale Times

Under 30 Days3 Homes

30 – 90 Days5 Homes

Over 90 Days5 Homes

Insight

Avg time on Rocket Homes in Ludington has remained consistent over time.

Summary: During April 2025, 13 homes were sold in Ludington; 23% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
74 DaysThis YearApr 2025
36 Days1 year agoApr 2024
+105.6 %
Change YoYApr 2024 – Apr 2025

Summary: Homes in Ludington had an average listing age of 74 days in Apr 2025, up by 105.6% compared to the previous year.

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Newest Listings in Ludington, MI

What homes are available in Ludington, MI?

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Nearby markets

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MLS Disclaimers and Copyright

Based on information from RealComp II Ltd., Michigan Regional Information Center LLC, and Northern Great Lakes Realtors MLS for the period 05/01/2023 - 05/01/2025

IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2025 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/29/2025, 1:20:35 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Broker Reciprocity Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2025 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/29/2025, 1:20:37 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Copyright © 2025 Northern Great Lakes REALTORS® MLS™ All Rights Reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/29/2025, 1:20:30 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.