Is Perrinton, MI 48871 a buyer’s or seller’s market?
Perrinton is a seller’s market. With about 3.2 months of supply and 27% 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 Perrinton housing market right now
In the three months ending August 31, 2026, 27% of homes in Perrinton, MI 48871 sold above their list price, the typical home went under contract in 50 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 11 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 38%, homes sold faster (88 days then) and the median sale price rose 8% to $339,853. Overall, Perrinton is about as competitive as it was a year ago.
Within Gratiot County, homes here sell more slowly than in 60% of the county’s ZIP codes, and sell more often over asking than in 73%.
Nearby, buyers who want less competition could look at Sumner 48889 (0% sold over asking) or Pompeii 48874 (0% sold over asking), while Bannister 48807 (50% sold over asking) and Elwell 48832 (33% sold over asking) are even more competitive.
Run the numbers for 48871
Nearby markets
Alma 48801Seller’s market $112 /sq ftAshley 48806Seller’s market $112 /sq ftBannister 48807Seller’s market $137 /sq ftBreckenridge 48615Seller’s market $120 /sq ft Browse all markets →Towns like Perrinton nearby
Find towns like Perrinton in other states →Where Perrinton is
Loading map…
Questions about Perrinton real estate
Is Perrinton a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Perrinton, MI 48871 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 Perrinton?
The typical home went under contract in 50 days in the latest three months.
Do homes in Perrinton sell over asking?
27% 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 Perrinton?
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 Perrinton?
The median sale price was $339,853 in the three months ending August 31, 2026, about $169 per square foot.
Local agents
See all agents in 48871 →No sponsored agents in 48871 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 48871
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology