Home ValuePros

Market Intelligence · MI / Ithaca

Ithaca, MI 48847 Housing Market

Typical home value in Ithaca, MI 48847 is $202,951, up 9.0% over the past year. The median list price sits at $238,500, with homes spending a median of 64 days on market.

Updated August 2026Median value$199K

The median home value in Ithaca, MI 48847 is $199K as of August 2026, up 8.3% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 48847 range

$183K to $215K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+8.3% over 12 months

Typical home value in 48847 over the last 12 months: $184K in Aug 2025 to $199K in Aug 2026 (+8.3%).

Aug 2025$184K

Aug 2026$199K

The numbers

What is the 48847 housing market like?

Typical home value

$199K

Up8.3%YoY

Median list price

$239K

Up3.7%MoM

Days on market

64

Up23.1%MoM

Homes for sale

10

Down16.7%MoM

Price cuts

0.0%

Down100.0%MoM

New listings

4

Down33.3%MoM

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

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The comparison

How do 48847 home prices compare?

  • 48847$198,994
  • Ithaca$198,994
  • Michigan$243,093
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Ithaca: 1 ZIPs; Michigan: 891 ZIPs; United States: 26,265 ZIPs).

Context

The market here shows modest inventory with 10 homes for sale and 4 new listings recently added. At a median list price of $238,500, properties are taking 64 days to move. The year-over-year appreciation of 9.0% reflects steady underlying demand, though the current supply level means sellers should have realistic expectations about pace and negotiating power.

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20% · $39,799

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