Is Hope, MI 48628 a buyer’s or seller’s market?
Hope is a buyer’s market. With about 7.2 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Hope housing market right now
In the three months ending August 31, 2026, 50% of homes in Hope, MI 48628 sold above their list price, the typical home went under contract in 17 days and there were 7.2 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 4 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold more slowly (11 days then) and the median sale price fell 38% to $180,922. Overall, Hope is more competitive than a year ago, so tougher for buyers.
Within Midland County, homes here sell faster than in 60% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Edenville 48620 (0% sold over asking) or Coleman 48618 (9% sold over asking).
Run the numbers for 48628
Nearby markets
Coleman 48618Balanced $144 /sq ftEdenville 48620 $74 /sq ftMidland 48640Seller’s market $147 /sq ftMidland 48642Seller’s market $153 /sq ft Browse all markets →Towns like Hope nearby
Find towns like Hope in other states →Where Hope is
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Questions about Hope real estate
Is Hope a buyer’s or seller’s market?
A buyer’s market: there were 7.2 months of supply in Hope, MI 48628 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 Hope?
The typical home went under contract in 17 days in the latest three months.
Do homes in Hope sell over asking?
50% of homes sold above their original list price, and the typical sale closed at 97.2% of the list price.
What are property taxes in Hope?
About 1.47% of a home’s value a year in Midland County, or roughly $5,880 on a $400,000 home.
What is the median home price in Hope?
The median sale price was $180,922 in the three months ending August 31, 2026, about $135 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