Cadillac, MI Housing Market
AI-powered market intelligence for the Cadillac, MI metro area.
PropertyIQ Scores
Cadillac, MI Market Analysis
Market Overview
Cadillac’s PropertyIQ Score of 64 out of 100 places the market in moderate territory. The top score drivers include home value momentum (12 month) at 11.34%, home value momentum (3 month) at -1.46%, median days on market at 46 days, and share of listings with a price cut at 20.9%. This mix shows positive annual price momentum but near-term cooling. The median home value is $234,586, below the Michigan state average of $269,576, and the rent index is $1,013, below the state average of $1,084.
Compared with state benchmarks, Cadillac has a lower median home value and lower median household income. The median household income is $62,833, while the state average is $71,149. The unemployment rate is 5, matching the state average of 5. This means the market is relatively affordable on price, but local incomes are also lower than the state norm. The reported home value year-over-year change is $7. Population growth data is not available, so demographic-driven demand trends cannot be directly measured. Overall, the 64/100 score supports a moderate market: there is evidence of annual appreciation and steady employment, but recent price momentum and listing behavior suggest softening conditions.
Key Trends
One trend is the divergence between annual and quarterly price momentum. The 12-month home value momentum of 11.34% indicates strong appreciation over the past year, but the 3-month figure of -1.46% shows momentum has turned negative in the most recent quarter.
Another trend is inventory and pricing adjustments. There are 171 homes for sale, median days on market is 46 days, and 20.9% of listings have had a price cut. Together these suggest inventory is not extremely tight and sellers are adjusting prices to attract buyers.
A third trend is relative affordability compared with the state. The median home value of $234,586 is about $35,000 below the state median of $269,576, and the rent index of $1,013 is $71 below the state rent index of $1,084. Median household income is also below the state average, but home values are lower by a slightly larger percentage than incomes, which may give local households a somewhat more favorable housing cost profile.
A fourth trend is labor market stability paired with lower income. The unemployment rate of 5 matches the state average, indicating employment is not underperforming. However, median household income of $62,833 is $8,316 below the state average, which may limit how much upward price pressure local buyers can absorb.
Who Is This Market For
This market is likely to appeal to first-time buyers and budget-conscious households. The median home value of $234,586 is well below the state average, and the rent index of $1,013 is below the state average, which can make ownership more accessible for households earning around the local median income of $62,833. The presence of price cuts on 20.9% of listings and a median days on market of 46 days may also give buyers more room to negotiate.
Investors may also find the market worth evaluating. The lower home values relative to rents can support a moderate rental yield, and the rent index of $1,013 provides a baseline for rental income. However, the recent 3-month home value momentum of -1.46% and the share of listings with price cuts suggest that short-term price appreciation is not guaranteed. Move-up buyers may be more cautious because median household income is below the state average and price momentum has cooled, although the stable unemployment rate offers some confidence in local economic conditions.
Outlook
The near-term outlook is mixed and leans toward continued softness until the quarterly price trend stabilizes. The 12-month home value momentum of 11.34% shows the market has produced strong annual gains, but the 3-month momentum of -1.46% and the 20.9% share of listings with price cuts indicate sellers are facing more resistance. With 171 homes for sale and a median days on market of 46 days, buyers are not facing extreme scarcity. The unemployment rate of 5, equal to the state average, suggests local employment conditions are not deteriorating, which may support demand. However, the absence of population growth data and the reported home value year-over-year change of $7 limit the ability to project longer-term price growth. Based on the numbers, the market is likely to remain moderate, with near-term price movement dependent on whether the negative 3-month momentum reverses.
AI-generated analysis based on current market data. Last updated August 20, 2026.
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Cadillac, MI market data
Cadillac, MI Housing Market Overview
Cadillac, MI's median home value is $235K, up 11.3% over the past year. Homes here sell in a median 46 days. Its PropertyIQ Score of 64 sits well above the state average of 50, marking a market positioned to outperform its state over the next three years.
PropertyIQ tracks the Cadillac, MI housing market through two complementary lenses: price momentum from Zillow home-value trends over 3 and 12 months, and demand pressure from how quickly homes sell and how often sellers cut prices, drawn from Realtor.com. The PropertyIQ Score distills these into one number that predicts how this MI market is set to perform against its state benchmark.
Midwestern housing markets are characterized by affordability and economic diversification. From manufacturing hubs undergoing tech-sector transitions to university towns with stable demand, the region offers value-oriented opportunities with lower entry costs than coastal markets. Within the Midwest, Cadillac, MI's PropertyIQ Score of 64 ranks among the Midwest's stronger demand signals.
Each month, PropertyIQ updates its score for Cadillac, MI using four inputs: Zillow ZHVI twelve-month and three-month momentum, Realtor.com median days on market, and the Realtor.com share of listings with price cuts. These four signals are combined into a single 1 to 99 score computed across all metro markets and calibrated so 50 represents the state average, making it a direct read of how this market is positioned to perform relative to its state. Momentum here has been positive, with home values up 11.3% over the past year.
Explore the interactive map to see how Cadillac, MI compares to neighboring metros, or view the full market dashboard for detailed analytics including time-series trends, score breakdowns, and AI-generated market reports.
Counties in the Cadillac, MI metro area
ZIP codes in the Cadillac, MI metro area
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Market data through July 2026. Sourced from Zillow, Realtor.com, Redfin, U.S. Census Bureau, FRED, BLS, and BEA. Per-statistic source and date shown above.
Frequently Asked Questions
Is Cadillac, MI a good place to buy real estate in 2026?
PropertyIQ doesn't label markets simply good or bad. Instead, the PropertyIQ Score measures a market's demand momentum against its own state, where 50 marks the state average. Cadillac, MI currently scores 64, a firming-momentum reading that leaves it positioned to outperform its state over the next three years. For buyers, strengthening demand usually means rising competition and firmer prices, so waiting can cost you negotiating room. Backing that up, the median home value here is $235K, up 11.3% over the past year. So whether Cadillac, MI is right for you comes down to your goals: a rising-momentum market can favor long-term appreciation but offers less room to negotiate, while a cooling one hands buyers more leverage. Treat the score as a timing signal to weigh alongside your budget, holding period, and plans for the property, not a verdict on the market's quality.
What is the PropertyIQ Score for Cadillac, MI?
Cadillac, MI's PropertyIQ Score is 64, indicating firming momentum on a 1-to-99 scale. The score distills four transparent inputs into a single number: Zillow home-value momentum over the past 12 months, Zillow home-value momentum over the past 3 months, the median days homes spend on the market from Realtor.com, and the share of listings with a price cut, also from Realtor.com. Rising values and faster sales push the score up, while slow sales and frequent price cuts pull it down. The scale is calibrated so 50 equals the state average, meaning a score above 50 predicts the market will outperform its state over the next three years and a score below 50 predicts underperformance. PropertyIQ computes the score across every US market nationally, then recenters it against each state, so 64 places Cadillac, MI above its state benchmark.
Are home prices in Cadillac, MI rising or falling?
Home prices in Cadillac, MI are rising. Over the past year, the median home value increased 11.3%, reaching $235K. Over the latest three months, values slipped 1.5%, a sign near-term demand is softening. PropertyIQ derives these figures from Zillow's home-value index, which tracks the typical value across the market rather than only the homes that happened to sell, giving a steadier read than a raw median sale price. Both the 12-month and 3-month momentum readings feed directly into the PropertyIQ Score, so this price trend is one of the core signals behind Cadillac, MI's current score. Keep in mind that appreciation can vary widely by neighborhood and price tier across the metro area, so treat these figures as the market-wide baseline rather than a guarantee for any single property.
How quickly do homes sell in Cadillac, MI?
In Cadillac, MI, homes sell in a median of 46 days from listing to pending sale, based on Realtor.com market data. Median days on market is one of the clearest real-time reads on local demand: when homes move quickly, buyers are competing and sellers hold the advantage, while lengthening timelines signal cooling interest and more room to negotiate. Alongside sale speed, about 21% of active listings here have taken at least one price cut — a complementary demand gauge, since a rising share of reductions often precedes slower sales and softer prices. Both median days on market and the price-cut share feed directly into the PropertyIQ Score, where faster sales and fewer cuts push the score higher. As a general guide, medians under about 30 days indicate a brisk, competitive market, while medians well beyond 60 days point to buyers regaining leverage. Actual time on market still varies by price band, property type, and season, so treat the median as a market-wide baseline.
How current is this metro area data?
This Cadillac, MI market data is refreshed on a monthly cycle, with the latest figures current through July 2026. PropertyIQ ingests fresh data every month from a range of authoritative sources: home values and rents from Zillow, days on market and price-cut activity from Realtor.com, additional housing signals from Redfin, demographic and housing-stock data from the U.S. Census Bureau, mortgage and macroeconomic series from FRED, and employment figures from the Bureau of Labor Statistics and the Bureau of Economic Analysis. The PropertyIQ Score itself is recomputed every month once the new source data lands, so the score and its four underlying inputs always reflect the most recent complete reporting period rather than a static snapshot. Because official housing data is typically released with a short lag, the current-through date usually trails the present by a few weeks, which is normal across the industry and not a sign the data is out of date.