Is Ashley, MI 48806 a buyer’s or seller’s market?
Ashley is a seller’s market. With about 1.1 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 Ashley housing market right now
In the three months ending August 31, 2026, 0% of homes in Ashley, MI 48806 sold above their list price, the typical home went under contract in 39 days and there were 1.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. 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 fell from 100%, homes sold more slowly (17 days then) and the median sale price rose 67% to $204,911. Overall, Ashley is less competitive than a year ago, which gives buyers more room.
Within Gratiot 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, Bannister 48807 (50% sold over asking) and Elwell 48832 (33% sold over asking) are even more competitive.
Run the numbers for 48806
Nearby markets
Alma 48801Seller’s market $112 /sq ftBannister 48807Seller’s market $137 /sq ftBreckenridge 48615Seller’s market $120 /sq ftElwell 48832Balanced $103 /sq ft Browse all markets →Towns like Ashley nearby
Find towns like Ashley in other states →Where Ashley is
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Questions about Ashley real estate
Is Ashley a buyer’s or seller’s market?
A seller’s market: there were 1.1 months of supply in Ashley, MI 48806 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 Ashley?
The typical home went under contract in 39 days in the latest three months.
Do homes in Ashley sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 96.1% of the list price.
What are property taxes in Ashley?
About 1.24% of a home’s value a year in Gratiot County, or roughly $4,960 on a $400,000 home.
What is the median home price in Ashley?
The median sale price was $204,911 in the three months ending August 31, 2026, about $112 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