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Homes for Sale Under 500K in Michigan City, IN

208 Homes for Sale

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Michigan City, IN Housing Market Overview

Michigan City is a balanced market, giving buyers and sellers room to negotiate. With 4.2 months of supply and homes averaging 22 days on the market, you can make decisions without the pressure of a highly competitive market.

Status

Balanced Market

Days on Market

22

Inventory

92

Sep 2021Mar 2024Mar 2026

Median Home Price

$152,500Down 0.14%

In Mar 2026 · YoY

Sep 2021Mar 2024Mar 2026

Mortgage Rates 30-Yr Fixed

6.23%Down 0.58%

Current rate · YoY

Loan Type

30-Year Fixed

Housing Supply

Homes For Sale
92 Down 0.22%
Newly Listed Homes
44 Down 0.30%
Months of Supply
4.2 Down 2.00%

Housing Demand

Homes Sold
22 Down 0.00%
Sale-to-List Ratio
95.8% Up 1.65%
Homes Sold Above List
4.5% Down 16.51%

30-yr fixed rate 6.23% · Data as of Mar 2026 · Source: Houzeo Research.

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  • mls-img
    Based on information provided by the Northwest Indiana REALTORS® Association, Inc. Multiple Listing Service through Oct 9, 2026, 9:45 AM as submitted to and distributed by MLS GRID. Information Deemed Reliable But Not Guaranteed. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. © 2026 Northwest Indiana REALTORS® Association, Inc. Multiple Listing Service. All rights reserved.
  • mls-imgIDX Logo
    IDX information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
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Michigan City, IN Housing Marketlink qauare
Homes Available icon

208

Homes Available

Median List Price icon

$ 152,500

Median List Price

Avg on Market icon

22 Days

Avg on Market

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