Is Litchfield, MI 49252 a buyer’s or seller’s market?
Litchfield is a seller’s market. With about 3.7 months of supply and 29% 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 Litchfield housing market right now
In the three months ending August 31, 2026, 29% of homes in Litchfield, MI 49252 sold above their list price, the typical home went under contract in 34 days and there were 3.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 7 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 40%, homes sold more slowly (31 days then) and the median sale price rose 5% to $199,814. Overall, Litchfield is less competitive than a year ago, which gives buyers more room.
Within Hillsdale County, homes here sell faster than in 89% of the county’s ZIP codes, and sell more often over asking than in 89%.
Nearby, buyers who want less competition could look at Waldron 49288 (0% sold over asking) or Pittsford 49271 (0% sold over asking), while North Adams 49262 (33% sold over asking) is even more competitive.
Run the numbers for 49252
Nearby markets
Allen 49227 — /sq ftCamden 49232Buyer’s market $206 /sq ftHillsdale 49242Balanced $147 /sq ftJerome 49249Seller’s market $196 /sq ft Browse all markets →Towns like Litchfield nearby
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Questions about Litchfield real estate
Is Litchfield a buyer’s or seller’s market?
A seller’s market: there were 3.7 months of supply in Litchfield, MI 49252 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 Litchfield?
The typical home went under contract in 34 days in the latest three months.
Do homes in Litchfield sell over asking?
29% of homes sold above their original list price, and the typical sale closed at 99.9% of the list price.
What are property taxes in Litchfield?
About 0.99% of a home’s value a year in Hillsdale County, or roughly $3,960 on a $400,000 home.
What is the median home price in Litchfield?
The median sale price was $199,814 in the three months ending August 31, 2026, about $134 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