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Ypsilanti, MI 48197 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Ypsilanti, MI inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.08
ActiveActive listings: 5050PendingPending sales: 44
Ypsilanti, MI: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $345k$345kSoldMedian sold price (last 6 months): $354k$354k
What homes actually sell for in Ypsilanti, MI
Distribution of 452 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $265k to $420k
$150k to $219k: 51 sales$150k$219k to $288k: 67 sales$288k to $356k: 95 sales$288k$356k to $425k: 109 sales109sales$425k to $494k: 43 sales$425k$494k to $562k: 27 sales$562k to $631k: 11 sales$562k$631k to $700k: 5 salesMedian $354k

What the numbers say

As of October 5, 2026, Resideline is tracking 50 active listings and 4 pending sales in ZIP code 48197. That pending-to-active ratio of 0.08 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $344,900, while the median of the 452 closed sales Resideline tracked over the last six months was $354,500. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 48197 for 73 days.

Frequently asked questions

What is the median home price in 48197?

The median closed sale price in Ypsilanti, MI 48197 was $354,500 over the last six months, based on 452 closed sales tracked by Resideline. The middle half of those sales ranged from $265,000 to $420,000.

Is 48197 a buyer's or seller's market?

Resideline is currently tracking 4 pending sales against 50 active listings in 48197, a pending-to-active ratio of 0.08. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 48197 currently looks like a balanced market.

Nearby ZIP code market data

Full Ypsilanti, MI housing market report →

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