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GRASS LAKE, MI 49240

Real Estate Market Report
Seller's Market
February 2026  ·  Source: Realtor.com

Market Analysis

Data as of February 2026. Source: Realtor.com.

The GRASS LAKE, MI real estate market (49240) currently shows 21 active listings, with 11 pending sales. Homes are averaging 57 days on the market before going under contract.

Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 57 days on market compared to 91 days last year.

The median listing price has risen 18.8% year-over-year, from $313,675 to $372,673.

Whether you are buying or selling in GRASS LAKE, MI, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 9,379  ·  Density: 34.8/mi²  ·  Median household income: $92,097

Typical home value: $258,256  ·  Homeownership: 93.8%

Market Overview

Active Listings
21
⇩ 8.7% vs 23 last year
Pending
11
52% pending ratio
Median Price
$372,673
⇧ 18.8% vs $313,675 last year
Average Price
$364,367
⇩ 6.4% vs $389,221 last year
Days on Market
57
⇩ 37.4% vs 91 days last year

Price Per Square Foot

Median $/sqft
$255
⇧ 58.4% vs $161/sqft last year
Median Home Size
1,475 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 21 this year vs 23 last year
  • Days on market: 57 now vs 91 last year

Median & Average Pricing

Year over Year
  • Median: $372,673 (+18.8% YoY)
  • Average: $364,367 (-6.4% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 19.8 miles — 346 listings ($124,577,248 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
49240Grass Lake, MI 492400.0 mi26$11,975,340$317,680$460,590
49254Michigan Center, MI 492548.1 mi7$1,626,191$206,950$232,313
49201Jackson, MI 4920110.5 mi113$45,230,284$350,400$400,268
49272Pleasant Lake, MI 4927211.7 mi4$1,393,192$325,000$348,298
49203Jackson, MI 4920312.1 mi102$21,912,966$179,000$214,833
49285Stockbridge, MI 4928513.2 mi15$4,693,950$316,000$312,930
49234Clarklake, MI 4923414.5 mi7$3,191,650$310,000$455,950
49277Rives Junction, MI 4927716.5 mi3$779,700$259,900$259,900
48169Pinckney, MI 4816917.4 mi37$21,127,481$525,000$571,013
49233Cement City, MI 4923317.6 mi14$4,825,744$286,750$344,696
49287Tipton, MI 4928718.4 mi3$1,420,500$473,500$473,500
49281Somerset, MI 4928118.8 mi1$270,000$270,000$270,000
49246Horton, MI 4924619.8 mi14$6,130,250$447,450$437,875

Frequently Asked Questions

How many homes are for sale in GRASS LAKE, MI 49240?

As of February 2026, there are 21 active listings in GRASS LAKE, MI (zip code 49240), compared to 23 the prior year.

What is the median home price in GRASS LAKE, MI 49240?

The median listing price in GRASS LAKE, MI 49240 is $372,673 as of February 2026, a 18.8% increase from $313,675 the prior year.

How long do homes stay on the market in GRASS LAKE, MI?

Homes in GRASS LAKE, MI 49240 spend an average of 57 days on the market before going under contract, compared to 91 days the prior year.

Is it a seller's or buyer's market in GRASS LAKE, MI 49240?

Based on current inventory and days-on-market data as of February 2026, GRASS LAKE, MI 49240 is currently a Seller's Market. Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 57 days on market compared to 91 days last year.

How much can I save on real estate commission in GRASS LAKE, MI?

With SELL123.com's maximum 3% commission, sellers in GRASS LAKE, MI 49240 save an estimated $7,453 compared to a typical 5% commission on the median listing price of $372,673. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.