Is Ray, MI 48096 a buyer’s or seller’s market?
Ray is a balanced market. With about 4 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Ray housing market right now
In the three months ending August 31, 2026, 42% of homes in Ray, MI 48096 sold above their list price, the typical home went under contract in 18 days and there were 4 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 12 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 36%, homes sold faster (24 days then) and the median sale price fell 13% to $362,343. Overall, Ray is more competitive than a year ago, so tougher for buyers.
Within Macomb County, homes here sell faster than in 71% of the county’s ZIP codes, and sell more often over asking than in 80%.
Nearby, buyers who want less competition could look at New Haven 48050 (0% sold over asking) or Romeo 48065 (17% sold over asking), while Sterling Heights 48314 (49% sold over asking) and Sterling Heights 48313 (47% sold over asking) are even more competitive.
Run the numbers for 48096
Nearby markets
Armada 48005Seller’s market $181 /sq ftCenter Line 48015Seller’s market $142 /sq ftClinton Township 48035Seller’s market $160 /sq ftClinton Township 48036Seller’s market $137 /sq ft Browse all markets →Towns like Ray nearby
Find towns like Ray in other states →Where Ray is
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Questions about Ray real estate
Is Ray a buyer’s or seller’s market?
A balanced market: there were 4 months of supply in Ray, MI 48096 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Ray?
The typical home went under contract in 18 days in the latest three months.
Do homes in Ray sell over asking?
42% of homes sold above their original list price, and the typical sale closed at 100.2% of the list price.
What are property taxes in Ray?
About 1.40% of a home’s value a year in Macomb County, or roughly $5,600 on a $400,000 home.
What is the median home price in Ray?
The median sale price was $362,343 in the three months ending August 31, 2026, about $227 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology