Is Perry, MI 48872 a buyer’s or seller’s market?

The Perry housing market right now

In the three months ending August 31, 2026, 48% of homes in Perry, MI 48872 sold above their list price, the typical home went under contract in 35 days and there were 2.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 30 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 40%, homes sold more slowly (22 days then) and the median sale price rose 24% to $314,864. Overall, Perry is more competitive than a year ago, so tougher for buyers.

Within Shiawassee County, homes here sell more slowly than in 89% of the county’s ZIP codes, and sell more often over asking than in 67%. On our competition score, Perry ranks #101 of 510 MI ZIP codes with enough sales (score 79 out of 100).

Nearby, buyers who want less competition could look at New Lothrop 48460 (0% sold over asking) or Lennon 48449 (17% sold over asking), while Bancroft 48414 (83% sold over asking) and Morrice 48857 (80% sold over asking) are even more competitive.