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Median sale price
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Elk Rapids, MI: housing market trends

The median home sale price in Elk Rapids, MI was $705,614 for the three-month period ending September 2026. Sale prices were 19.6% higher than the same period one year earlier. These are area-level statistics; changes in the mix of homes sold can move the median.

Median sale price
$705,614
three-month period ending September 2026
Median sale price per sq ft
$406.62
three-month period ending September 2026
Active listings
18
three-month period ending September 2026
Typical monthly rent
Unavailable
Rent index · unavailable date

How is housing inventory changing?

There were 18 active listings for the three-month period ending September 2026. Active listings were 41.9% lower than the same period one year earlier. This counts homes active at any time during the period, not only those available on its final day.

How long are homes taking to sell?

The median time on market was 30 days for the three-month period ending September 2026. Sale prices, inventory, and selling time describe different parts of the market; none alone establishes what an individual home will sell for.

Home prices by property type

Published Redfin medians for each home type. Each row covers the three-month period ending in its listed month; missing values remain unavailable.

Property-type comparison for Elk Rapids, MI
Home typePeriod endingMedian sale priceSale price / sq ftHomes sold
All homesSeptember 2026$705,614$406.626 · small sample
Single-familySeptember 2026$535,786$307.154 · small sample
TownhousesSeptember 2026UnavailableUnavailableUnavailable
Condos / co-opsSeptember 2026$1,059,891$429.822 · small sample
Multifamily (2–4 units)September 2026UnavailableUnavailableUnavailable

Compare nearby housing markets

Published city and place figures. Check each row’s reporting period and source before comparing; these are separate markets, not neighborhood boundaries.

Nearby market comparison for Elk Rapids, MI
MarketMedian sale priceReporting period / source
Alden, MI$450,0003 months ending November 2025 · Redfin
Rapid City, MI$462,7803 months ending September 2026 · Redfin
Kewadin, MIUnavailableMonth ending unavailable date · Zillow
Williamsburg, MIUnavailableMonth ending unavailable date · Zillow
Bellaire, MI$284,8143 months ending September 2026 · Redfin
Suttons Bay, MI$849,5953 months ending September 2026 · Redfin

Recent sale-price history

All residential home types. Each row represents an overlapping three-month period ending in that month. Use the charts above for the full available history and home-type filters. Missing values remain unavailable.

Recent home sale prices for Elk Rapids, MI
Period endingMedian sale priceSale price / sq ftActive listings
September 2026$705,614$406.6218
August 2026$540,000$347.8822
July 2026$460,000$333.4428
June 2026$495,000$330.9524
May 2026$450,000$390.7719
April 2026UnavailableUnavailable15
March 2026$343,500$250.1115
February 2026$370,000$274.1014
January 2026$360,000$275.3016
December 2025$424,500$284.7020
November 2025$459,000$282.7320
October 2025$460,000$303.1429
September 2025$590,000$339.0631
August 2025$585,000$339.0628
July 2025$433,000$292.5028
June 2025$388,500$289.1722
May 2025$342,000$279.7918
April 2025$348,000$228.1314
March 2025$435,000$228.1318
February 2025$435,000$261.8019
January 2025$304,500$256.0125
December 2024$304,500$250.2125
November 2024$342,500$250.2132
October 2024$425,000$273.7831

Sources and definitions

Sale-price and property-type histories use Redfin where available. Redfin observations cover rolling three-month periods. Zillow Research supplies monthly home-value and rent indices and additional market series. Provider selection is shown in the chart details. Each metric retains its own reporting date.

Sale price per square foot describes completed sales with reported floor area; it is not a listing-price measure. Active listings count listings active during the reporting period. Home values and rents are typical-value indices, not sale-price or rent medians. ZIP map boundaries are Census ZCTAs and may differ from provider regions. Related ZIP associations do not imply containment within city boundaries.

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