Market Intelligence · MI / Ithaca

Ithaca, MI 48847 Housing Market

In Ithaca, MI 48847, the typical home value is $196,048, up 6.7% over the past year as of September 2026. The median list price is $249,250, and homes spend a median of 73 days on the market.

Updated September 2026Median value$196K

The median home value in Ithaca, MI 48847 is $196K as of September 2026, up 6.7% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 48847 range

$180K to $212K

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

+6.7% over 12 months

Sep 2025$184K

Low $184KHigh $203K

Sep 2026$196K

The numbers

What is the 48847 housing market like?

As of September 2026

Typical home value

$196K

6.7%YoY

Median list price

$249K

4.5%MoM

Days on market

14.1%MoM

Homes for sale

10.0%MoM

Price cuts

8.3%

New listings

50.0%MoM

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

The outlook

48847 housing market forecast 2027

+2.0%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 48847 to rise 2.0% by September 2027.

Over the 12 months through September 2026, typical home values in 48847 rose 6.7%, per the Zillow Home Value Index.

Will home prices drop in 48847?

Zillow's forecast does not call for a drop: it expects typical home values in 48847 to rise 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.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 48847 home prices compare?

48847$196,048
Ithaca$196,048
Michigan$241,156
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Ithaca: 1 ZIP; Michigan: 891 ZIPs; United States: 26,262 ZIPs).

Context

Supply is limited in Ithaca, MI 48847, with 11 homes for sale and 2 new listings as of September 2026. The median list price is $249,250 while the typical home value is $196,048, up 6.7% over the past year. A median of 73 days on market points to a slower pace, and 8.3% of listings have taken a price cut. The gap between asking and typical value means some sellers may be aiming high. For a seller, pricing close to the market matters more than testing a big number.

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Down payment20% · $39,210

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Common questions

What people ask us.

How much is a home in 48847 worth?

The typical home value is $196,048 as of September 2026, up 6.7% over the past year.

How long do homes take to sell in 48847?

The median days on market is 73 as of September 2026.

Are sellers cutting prices in 48847?

As of September 2026, 8.3% of listings had a price cut, with 11 homes for sale and 2 new listings.

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