Is Carleton, MI 48117 a buyer’s or seller’s market?
Carleton is a seller’s market. With about 2.7 months of supply and 58% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 93% of U.S. ZIP codes, and #21 of 510 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Carleton housing market right now
In the three months ending August 31, 2026, 58% of homes in Carleton, MI 48117 sold above their list price, the typical home went under contract in 8 days and there were 2.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 25 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (59% then), homes sold about as fast and the median sale price fell 6% to $302,369. Overall, Carleton is about as competitive as it was a year ago.
Within Monroe County, homes here sell faster than in any other ZIP code in the county, and sell more often over asking than in 87%. On our competition score, Carleton ranks #21 of 510 MI ZIP codes with enough sales (score 89 out of 100).
Nearby, buyers who want less competition could look at Luna Pier 48157 (0% sold over asking) or La Salle 48145 (13% sold over asking).
Run the numbers for 48117
Nearby markets
Dundee 48131Seller’s market $164 /sq ftErie 48133Balanced $172 /sq ftIda 48140Seller’s market $151 /sq ftLa Salle 48145Seller’s market $187 /sq ft Browse all markets →Towns like Carleton nearby
Find towns like Carleton in other states →Where Carleton is
Loading map…
Questions about Carleton real estate
Is Carleton a buyer’s or seller’s market?
A seller’s market: there were 2.7 months of supply in Carleton, MI 48117 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 Carleton?
The typical home went under contract in 8 days in the latest three months.
Do homes in Carleton sell over asking?
58% of homes sold above their original list price, and the typical sale closed at 103.0% of the list price.
What are property taxes in Carleton?
About 1.16% of a home’s value a year in Monroe County, or roughly $4,640 on a $400,000 home.
What is the median home price in Carleton?
The median sale price was $302,369 in the three months ending August 31, 2026, about $185 per square foot.
Local agents
See all agents in 48117 →No sponsored agents in 48117 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 48117
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology