Is Utica, MI 48318 a buyer’s or seller’s market?
Utica is a seller’s market. With about 1.6 months of supply and 50% 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 Utica housing market right now
In the three months ending August 31, 2026, 50% of homes in Utica, MI 48318 sold above their list price, the typical home went under contract in 25 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 2 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 (50% then), homes sold faster (30 days then) and the median sale price fell 7% to $559,008. Overall, Utica is about as competitive as it was a year ago.
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Where Utica is
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Questions about Utica real estate
Is Utica a buyer’s or seller’s market?
A seller’s market: there were 1.6 months of supply in Utica, MI 48318 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 Utica?
The typical home went under contract in 25 days in the latest three months.
Do homes in Utica sell over asking?
50% of homes sold above their original list price, and the typical sale closed at 99.0% of the list price.
What is the median home price in Utica?
The median sale price was $559,008 in the three months ending August 31, 2026, about $215 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