Is Tustin, MI 49688 a buyer’s or seller’s market?
Tustin is a seller’s market. With about 3 months of supply and 25% 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.
More competitive than 47% of U.S. ZIP codes, and #378 of 510 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Tustin housing market right now
In the three months ending August 31, 2026, 25% of homes in Tustin, MI 49688 sold above their list price, the typical home went under contract in 53 days and there were 3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 16 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 20%, homes sold faster (83 days then) and the median sale price fell 5% to $244,894. Overall, Tustin is more competitive than a year ago, so tougher for buyers.
Within Osceola County, homes here sell more slowly than in 83% of the county’s ZIP codes, and sell less often over asking than in 67%. On our competition score, Tustin ranks #378 of 510 MI ZIP codes with enough sales (score 46 out of 100).
Nearby, buyers who want less competition could look at Sears 49679 (0% sold over asking), while Leroy 49655 (50% sold over asking) and Hersey 49639 (33% sold over asking) are even more competitive.
Run the numbers for 49688
Nearby markets
Evart 49631Seller’s market $148 /sq ftHersey 49639Seller’s market $160 /sq ftLeroy 49655Balanced $151 /sq ftMarion 49665Balanced $152 /sq ft Browse all markets →Towns like Tustin nearby
Find towns like Tustin in other states →Where Tustin is
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Questions about Tustin real estate
Is Tustin a buyer’s or seller’s market?
A seller’s market: there were 3 months of supply in Tustin, MI 49688 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 Tustin?
The typical home went under contract in 53 days in the latest three months.
Do homes in Tustin sell over asking?
25% of homes sold above their original list price, and the typical sale closed at 98.1% of the list price.
What are property taxes in Tustin?
About 1.02% of a home’s value a year in Osceola County, or roughly $4,080 on a $400,000 home.
What is the median home price in Tustin?
The median sale price was $244,894 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