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Market Intelligence · MI / Gratiot County

Ithaca, MI home prices and housing market

1 ZIP market liveData updated September 2026Typical value$196K1-yr changeUp6.7%

The typical home value in Ithaca, MI is $196K as of September 2026, up 6.7% from a year ago, based on the Zillow Home Value Index. In the typical Ithaca ZIP code, the median list price is $249K and homes spend a median of 73 days on market as of September 2026 (Realtor.com).

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The coverage

Ithaca, by the numbers.

Typical home valueZillow ZHVI, September 2026
$196K
1-yr changeMedian across Ithaca ZIPs
+6.7%
ZIP markets live
1
County
Gratiot County

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12-month value trend

+6.7% over 12 months

Typical home value in Ithaca over the last 12 months: $184K in Sep 2025 to $196K in Sep 2026 (+6.7%).

Sep 2025$184K

Sep 2026$196K

Median Zillow home value index across Ithaca's ZIP codes.

Context

Ithaca's housing market shows steady growth. The typical home value reached $196,048 as of September 2026, up 6.7% over the past year. With 11 homes currently for sale and only 2 new listings in the same month, inventory remains tight. Homes are taking a median of 73 days to sell, while the median list price stands at $249,250. Few sellers are cutting prices, with only 8.3% of listings marked down. If you're considering selling, the tight supply and year-over-year appreciation suggest a reasonably balanced market, though you should weigh the slower pace of sales against your timeline.

The numbers

What is the housing market like in Ithaca, MI?

Typical home value

$196K

Up6.7%YoY

Median list price

$249K

Days on market

73

Homes for sale

11

Price cuts

8.3%

New listings

2

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026)

Figures reflect Ithaca's ZIP codes with market data: values and listing medians take the median across ZIPs; inventory and new listings are summed.

Prices over time

Ithaca, MI home prices over time

Typical home values in Ithaca, MI are up 6.7% over the past year, from $184K in September 2025 to $196K in September 2026.

Typical home value in Ithaca, MI, September of each year
MonthTypical value1-yr change
September 2026$196,048+6.7%
September 2025$183,769No prior year

Typical value is the median Zillow Home Value Index across Ithaca ZIP codes, taken in September of each year so every row compares the same month.

Market balance

Is Ithaca, MI a buyer's or seller's market?

Ithaca, MI leans toward a buyer's market.

Homes are taking longer to sell and homes for sale are building up relative to new listings, which gives buyers more room to negotiate.

Based on a median of 73 days on market and 8% of listings with a price cut in the typical Ithaca ZIP code, and 2 new listings against 11 active listings across Ithaca, as of September 2026 (Realtor.com).

The outlook

Ithaca housing market forecast 2027

+2.0%

Weighted average of Zillow's ZIP forecasts, 12 months to September 2027

A weighted average of Zillow's ZIP forecasts, across 1 Ithaca ZIP code, points to typical home values rising 2.0% by September 2027.

Over the 12 months through September 2026, typical home values in Ithaca rose 6.7%, per the Zillow Home Value Index.

Will home prices drop in Ithaca?

The forecasts do not call for a drop: a weighted average of Zillow's ZIP forecasts for Ithaca shows typical home values rising 2.0% by September 2027, after a 6.7% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

How this is calculated: each ZIP code's 12-month Zillow forecast is weighted by its typical home value (Zillow Home Value Index, September 2026). 1 Ithaca ZIP code has both figures.

Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.

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Live markets

What ZIP codes are live in Ithaca?

Typical value is the Zillow home value index (ZHVI) for each ZIP, as of September 2026. 1-yr change compares it to the same ZIP a year earlier.

Zillow ZHVI, September 2026

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Common questions

Questions about Ithaca, MI home prices.

What is the typical home value in Ithaca?

The typical home value in Ithaca is $196,048 as of September 2026, representing a 6.7% increase over the past year.

How long do homes typically stay on the market in Ithaca?

Homes in Ithaca have a median time on market of 73 days as of September 2026.

How many homes are currently for sale in Ithaca?

As of September 2026, there are 11 homes for sale in Ithaca, with 2 new listings in that same month.

Are home prices going up or down in Ithaca, MI?

Typical home values in Ithaca, MI are up 6.7% over the past year, based on the Zillow Home Value Index as of September 2026.

Is Ithaca, MI a buyer's or seller's market?

Ithaca, MI leans toward a buyer's market. Homes are taking longer to sell and homes for sale are building up relative to new listings, which gives buyers more room to negotiate. Based on a median of 73 days on market and 8% of listings with a price cut in the typical Ithaca ZIP code, and 2 new listings against 11 active listings across Ithaca, as of September 2026 (Realtor.com).

Nearby markets

More Michigan housing markets.

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