Is Akron, MI 48701 a buyer’s or seller’s market?
Akron is a balanced market. With about 4.3 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Akron housing market right now
In the three months ending August 31, 2026, 0% of homes in Akron, MI 48701 sold above their list price, the typical home went under contract in 10 days and there were 4.3 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. With only 3 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 faster (59 days then) and the median sale price rose 25% to $124,846. Overall, Akron is more competitive than a year ago, so tougher for buyers.
Within Tuscola County, homes here sell faster than in 90% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Fostoria 48435 (50% sold over asking) and Caro 48723 (38% sold over asking) are even more competitive.
Run the numbers for 48701
Nearby markets
Caro 48723Seller’s market $133 /sq ftCass City 48726Seller’s market $137 /sq ftDeford 48729Buyer’s market $132 /sq ftFairgrove 48733Seller’s market $72 /sq ft Browse all markets →Towns like Akron nearby
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Questions about Akron real estate
Is Akron a buyer’s or seller’s market?
A balanced market: there were 4.3 months of supply in Akron, MI 48701 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 Akron?
The typical home went under contract in 10 days in the latest three months.
Do homes in Akron sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 94.3% of the list price.
What are property taxes in Akron?
About 1.21% of a home’s value a year in Tuscola County, or roughly $4,840 on a $400,000 home.
What is the median home price in Akron?
The median sale price was $124,846 in the three months ending August 31, 2026, about $108 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