Luther, MI Home Values & Market Trends
Real estate market trends reflect that there have been 0 transactions over the past year in Luther. The median value for residential home transactions that occurred over the previous year is $188,250. The number of current listings in Luther is 60, and the percentage of properties for sale in the city is 60.00%. Luther, MI currently has 1 properties in foreclosure, 0 bank owned properties, 1 properties headed for auction, and 60 properties for sale.
Luther, MI Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 49656 | $ 188,250 $ 138/sqft |
Housing Market Summary for Luther, MI
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $179.9K | $183.9K | 2.25% |
| Median Sold Price | $0 | $0 | - |
| Homes For Sale | 48 | 58 | 20.83% |
| Homes Sold | 0 | 0 | - |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Luther, MI
Browse Homes in Luther, MI
Luther home values range from $40,000 to $756,289. The median estimated value of a home in Luther is $188,250. The median list price of a home is 177,000, and the total count of properties in the city is 62.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Luther, MI with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Luther, MI; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Luther, MI ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Luther, MI. There is 1 zips within Luther, MI; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions49656 has 1 auction properties, the highest number of properties going to auction in a single zip in the state of Luther, MI. Auction homes and other auction properties account for 1.61% of all properties in Luther, MI. There is 1 zips within Luther, MI; of that zips, the median estimated home value for homes going to auction ranges from $223,323 in 49656 to the lowest value of $223,323 in 49656.
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Guide for Luther, MI
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
Tips to find a home in pre-foreclosure and get a good deal on a new home.