Is Riga, MI 49276 a buyer’s or seller’s market?
Riga is a seller’s market. With about 1.1 months of supply and 67% 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 Riga housing market right now
In the three months ending August 31, 2026, 67% of homes in Riga, MI 49276 sold above their list price, the typical home went under contract in 37 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.
Within Lenawee County, homes here sell faster than in 81% of the county’s ZIP codes, and sell more often over asking than in 88%.
Nearby, buyers who want less competition could look at Jasper 49248 (0% sold over asking) or Tipton 49287 (10% sold over asking), while Clayton 49235 (100% sold over asking) and Sand Creek 49279 (100% sold over asking) are even more competitive.
Run the numbers for 49276
Nearby markets
Addison 49220Buyer’s market $190 /sq ftAdrian 49221Seller’s market $134 /sq ftBlissfield 49228Seller’s market $179 /sq ftBritton 49229Seller’s market $236 /sq ft Browse all markets →Where Riga is
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Questions about Riga real estate
Is Riga a buyer’s or seller’s market?
A seller’s market: there were 1.1 months of supply in Riga, MI 49276 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 Riga?
The typical home went under contract in 37 days in the latest three months.
Do homes in Riga sell over asking?
67% of homes sold above their original list price, and the typical sale closed at 101.0% of the list price.
What are property taxes in Riga?
About 1.27% of a home’s value a year in Lenawee County, or roughly $5,080 on a $400,000 home.
What is the median home price in Riga?
The median sale price was $533,519 in the three months ending August 31, 2026, about $166 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