Marquette, MI Housing Market
AI-powered market intelligence for the Marquette, MI metro area.
PropertyIQ Scores
Marquette, MI Market Analysis
Market Overview
Marquette, MI posts a PropertyIQ Score of 94 out of 100, positioning it as a strong market relative to the scoring model. The score is driven by several indicators: 12-month home value momentum of 16.09%, 3-month home value momentum of 1.54%, a median days on market of 46 days, and a share of listings with a price cut of 22.5%. These drivers suggest an active market with meaningful annual price momentum and relatively steady buyer interest, while the price-cut share points to some seller flexibility.
Compared with state benchmarks, Marquette is largely in line or slightly offset. The median home value is $263,628, just $2,664 below the state average of $266,292. The rent index is $1,163, $34 above the state average of $1,129. Unemployment is identical to the state at 4.9%. Median household income is $65,429, which is $7,446 below the state average of $72,875. Population growth data is not available, so the analysis cannot factor in demographic expansion. Overall, the 94/100 PropertyIQ Score indicates a strong market, though local incomes run below the state average while home values are nearly equal to state levels.
Key Trends
One trend is apparent in home price movement. Marquette records 12-month home value momentum of 16.09% and 3-month momentum of 1.54%. At the same time, the year-over-year home value change is -$3. Relative to a median home value of $263,628, that dollar change is essentially flat. The data therefore show strong longer-term momentum but a much softer recent year-over-year change, indicating price levels have stabilized or cooled modestly after earlier gains.
Another trend involves market pace and seller behavior. With 187 homes for sale and a median days on market of 46 days, homes are moving at a moderate pace. The share of listings with a price cut is 22.5%, meaning roughly one in five listings has reduced its price. That level suggests a balanced market where sellers may need to adjust to attract buyers, but not one with widespread distress.
Affordability is a third trend. The median home value of $263,628 is about four times the median household income of $65,429. Compared with the state, local incomes are lower by $7,446, while home values are nearly equal to the state average. This creates a tighter affordability picture for local buyers than the state benchmark alone might suggest.
Finally, the rental market shows relative strength. The rent index of $1,163 is above the state average of $1,129. That rental premium, combined with a strong PropertyIQ score and home value momentum, suggests sustained demand for housing in the area.
Who Is This Market For
Marquette appears well suited to several buyer and investor profiles. First-time buyers may find the median home value of $263,628 approachable because it is slightly below the state average of $266,292. However, the local median household income of $65,429 is below the state average, so first-time buyers may need to manage affordability carefully. The 46-day median days on market suggests enough time to make decisions, while the 22.5% price-cut share could create opportunities to negotiate.
Move-up buyers may be drawn by the strong 12-month home value momentum of 16.09% and the overall PropertyIQ score of 94/100, which signal a market with healthy price appreciation over the past year. With 187 homes for sale, there is a meaningful pool of inventory for buyers looking to change housing types or locations within the market.
Real estate investors may also find the rental profile attractive. The rent index of $1,163 exceeds the state average of $1,129, and the median home value is slightly below the state average. That combination can support rental demand relative to purchase price, although the data provided does not include operating costs or capitalization rates. The missing population growth figure makes it harder to assess long-term tenant demand, but current rent and employment data are stable.
Outlook
The outlook for Marquette is grounded in a strong PropertyIQ score of 94/100, 12-month home value momentum of 16.09%, and a median days on market of 46 days. The 3-month momentum of 1.54% and the year-over-year home value change of -$3 suggest that price growth has moderated, so the near-term path is likely to be more stable than rapid. With unemployment equal to the state average at 4.9% and a rent index above the state average, underlying housing demand appears steady. The main caution is affordability: median household income is $7,446 below the state average, which may limit how much further home values can grow without income gains. Overall, the data support a stable to moderately positive outlook for Marquette.
AI-generated analysis based on current market data. Last updated October 1, 2026.
Get Marquette, MI market updates
Choose your role for tailored insights.
Marquette, MI market data
Marquette, MI Housing Market Overview
Marquette, MI's median home value is $264K, up 16.1% over the past year. Homes here sell in a median 46 days. Its PropertyIQ Score of 94 sits well above the state average of 50, marking a market positioned to outperform its state over the next three years.
Whether you're considering buying a home, investing in rental property, or weighing entry timing in the Marquette, MI area, the PropertyIQ Score gives you a single, data-first read on relative market strength. It is validated against actual market outcomes from 2001 to 2023, with a positive score-to-return relationship in every validated year across MI and every other US state.
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, Marquette, MI's PropertyIQ Score of 94 ranks among the Midwest's stronger demand signals.
The PropertyIQ Score for the Marquette, MI market is built from four inputs: Zillow home-value momentum over twelve months, Zillow home-value momentum over three months, the median days listings spend on the market (Realtor.com), and the share of listings with a price cut (Realtor.com). The score runs on a 1 to 99 scale computed across all metro markets nationally and calibrated so 50 equals the state average — a score above 50 means this market is positioned to outperform its state, and a score below 50 means it is set to lag. Momentum here has been positive, with home values up 16.1% over the past year.
Explore the interactive map to see how Marquette, 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 Marquette, MI metro area
ZIP codes in the Marquette, MI metro area
Top markets in MI
Market data through August 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 Marquette, 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. Marquette, MI currently scores 94, a very strong-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 $264K, up 16.1% over the past year. So whether Marquette, 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 Marquette, MI?
Marquette, MI's PropertyIQ Score is 94, indicating very strong 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 94 places Marquette, MI above its state benchmark.
Are home prices in Marquette, MI rising or falling?
Home prices in Marquette, MI are rising. Over the past year, the median home value increased 16.1%, reaching $264K. Over the latest three months, values moved up 1.5%, a sign near-term demand remains firm. 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 Marquette, 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 Marquette, MI?
In Marquette, 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 22% 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 Marquette, MI market data is refreshed on a monthly cycle, with the latest figures current through August 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.