Is Mulliken, MI 48861 a buyer’s or seller’s market?
Mulliken is a seller’s market. With about 2.7 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 Mulliken housing market right now
In the three months ending August 31, 2026, 0% of homes in Mulliken, MI 48861 sold above their list price, the typical home went under contract in 40 days and there were 2.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 6 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 50%, homes sold more slowly (31 days then) and the median sale price rose 4% to $249,892. Overall, Mulliken is less competitive than a year ago, which gives buyers more room.
Within Eaton County, homes here sell more slowly 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, Dimondale 48821 (60% sold over asking) and Sunfield 48890 (50% sold over asking) are even more competitive.
Run the numbers for 48861
Nearby markets
Bellevue 49021Seller’s market $141 /sq ftCharlotte 48813Seller’s market $153 /sq ftDimondale 48821Seller’s market $172 /sq ftEaton Rapids 48827Seller’s market $150 /sq ft Browse all markets →Towns like Mulliken nearby
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Questions about Mulliken real estate
Is Mulliken a buyer’s or seller’s market?
A seller’s market: there were 2.7 months of supply in Mulliken, MI 48861 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 Mulliken?
The typical home went under contract in 40 days in the latest three months.
Do homes in Mulliken sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 96.7% of the list price.
What are property taxes in Mulliken?
About 1.41% of a home’s value a year in Eaton County, or roughly $5,640 on a $400,000 home.
What is the median home price in Mulliken?
The median sale price was $249,892 in the three months ending August 31, 2026, about $157 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