Marquette Housing Market Report May 2025Marquette County, Michigan

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Housing Prices in Marquette, MI

How much do homes in Marquette, MI cost?

Median List Price

Median List Price
This is the middle price for which all homes in a given area are listed. Half of all the homes sold were below this price, and half were above.
$359,000$194/SqFt
-$10,000
-2.7%

Based on all homes listed in the last 12 months

Insight

The list price of homes in Marquette has decreased by 2.7% since last year.

Summary: The median home list price in Marquette was $359,000 in May 2025, down 2.7% from the previous year, and the median price per square foot was $194.

Median List Price By Cities

Median List 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
Marquette Charter Township
-2.7%
Marquette
-2.7%

Median List Price By Bedrooms

Median List 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.
BedsMay 2024May 2025Change YoY
1-$185K
N/A
2-$287.4K
N/A
3$219.9K$349.9K
+59.1%
4$372K$364.4K
-2.0%
5$424.5K$399.9K
-5.8%

Summary: Marquette housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes increased by +59.1%. The home price for 4 bedroom homes decreased by -2.0%. The home price for 5 bedroom homes decreased by -5.8%.

How does Marquette, MI compare with other places?

Market comparison tool

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

Marquette, MI

Housing supply in Marquette, MI

How many homes are available in Marquette, 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
53Last MonthMay 2025
182 months agoApr 2025
+194.4 %
Change MoMApr – May

Summary: The Marquette real estate market had 53 homes for sale in May 2025, a 194.4 % increase compared to Apr 2025.

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.
BedsApr 2025May 2025Change MoM
105
+100.0%
204
+100.0%
3517
+240.0%
4616
+166.7%
5711
+57.1%

Summary: Marquette housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +100.0%. The inventory for 2 bedroom homes increased by +100.0%. The inventory for 3 bedroom homes increased by +240.0%. The inventory for 4 bedroom homes increased by +166.7%. The inventory for 5 bedroom homes increased by +57.1%.

Asking Price vs. Sold Price

How much do homes in Marquette, 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 Price1 Home

At Asking Price3 Homes

Under Asking Price3 Homes

Insight

If you're buying a home in Marquette, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Marquette in May 2025, up by 100.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 43% were sold at asking, and and 14% were sold over asking.

Days on Market for Marquette, MI

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

Breakdown of Home Sale Times

Under 30 Days5 Homes

30 – 90 Days2 Homes

Over 90 Days0 Home

Insight

Many homes in Marquette are selling fast, if you're buying plan to act quickly.

Summary: During May 2025, 7 homes were sold in Marquette; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Listing Age

Average Listing Age
This is the average number of days an active home has been on the market.
This Year1 year agoChange YoY
51 DaysThis YearMay 2025
136 Days1 year agoMay 2024
-62.6 %
Change YoYMay 2024 – May 2025

Summary: Homes in Marquette had an average listing age of 51 days in May 2025, down by 62.6% compared to the previous year.

Newest Listings in Marquette, MI

What homes are available in Marquette, MI?

Nearby markets

Nearby markets aren't available for Marquette, MI

MLS Disclaimers and Copyright

Based on information from MiRealSource Inc. DL, for the period 06/01/2023 - 06/01/2025

IDX Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.

Copyright 2025 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.

The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. 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: 6/12/2025, 6:45:31 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.