Is Luna Pier, MI 48157 a buyer’s or seller’s market?
Luna Pier is a seller’s market. With about 1.9 months of supply and 0% 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.
The Luna Pier housing market right now
In the three months ending August 31, 2026, 0% of homes in Luna Pier, MI 48157 sold above their list price, the typical home went under contract in 68 days and there were 1.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 5 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (59 days then) and the median sale price rose 37% to $279,879. Overall, Luna Pier is less competitive than a year ago, which gives buyers more room.
Within Monroe County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.
Nearby, Ida 48140 (60% sold over asking) and Ottawa Lake 49267 (60% sold over asking) are even more competitive.
Run the numbers for 48157
Nearby markets
Carleton 48117Seller’s market $185 /sq ftDundee 48131Seller’s market $164 /sq ftErie 48133Balanced $172 /sq ftIda 48140Seller’s market $151 /sq ft Browse all markets →Towns like Luna Pier nearby
Find towns like Luna Pier in other states →Where Luna Pier is
Loading map…
Questions about Luna Pier real estate
Is Luna Pier a buyer’s or seller’s market?
A seller’s market: there were 1.9 months of supply in Luna Pier, MI 48157 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 Luna Pier?
The typical home went under contract in 68 days in the latest three months.
Do homes in Luna Pier sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 95.7% of the list price.
What are property taxes in Luna Pier?
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 Luna Pier?
The median sale price was $279,879 in the three months ending August 31, 2026, about $193 per square foot.
Local agents
See all agents in 48157 →No sponsored agents in 48157 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 48157
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology