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Ypsilanti, MI 48198 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: 0.09
ActiveActive listings: 3333PendingPending sales: 33
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): $230k$230kSoldMedian sold price (last 6 months): $243k$243k
What homes actually sell for in Ypsilanti, MI
Distribution of 357 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $200k to $325k
$107k to $166k: 42 sales$107k$166k to $224k: 66 sales$224k to $283k: 103 sales103sales$224k$283k to $342k: 49 sales$342k to $400k: 31 sales$342k$400k to $459k: 19 sales$459k to $518k: 10 sales$459k$518k to $577k: 1 salesMedian $243k

What the numbers say

As of October 5, 2026, Resideline is tracking 33 active listings and 3 pending sales in ZIP code 48198. That pending-to-active ratio of 0.09 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $230,000, while the median of the 357 closed sales Resideline tracked over the last six months was $243,000. 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 48198 for 73 days.

Frequently asked questions

What is the median home price in 48198?

The median closed sale price in Ypsilanti, MI 48198 was $243,000 over the last six months, based on 357 closed sales tracked by Resideline. The middle half of those sales ranged from $199,500 to $325,000.

Is 48198 a buyer's or seller's market?

Resideline is currently tracking 3 pending sales against 33 active listings in 48198, a pending-to-active ratio of 0.09. 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, 48198 currently looks like a balanced market.

Nearby ZIP code market data

Full Ypsilanti, MI housing market report →

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