Housing in Bancroft, MI

Home values, rent, ownership rates, and housing market data

Housing Market Snapshot

Source: Redfin — October 2025

Median Sale Price

$237,500

Median List Price

N/A

Price Per Sq Ft

$124

Days on Market

Active Inventory

N/A

Zillow Home Value

$203,672

ZHVI — January 2026

Price Trends

Source: Redfin

Sale Price ↑ 18.8%List Price ↑ 249.6%Mar 24 → Oct 25

Market Competitiveness

Source: Redfin

Sold Above List

100.0%

Off Market in 2 Weeks

100.0%

Sale-to-List Ratio

101.6%

Seller's market

Sold Above Asking

100.0%

Under Contract in 2 Wks

100.0%

Market Activity

Source: Redfin

Homes Sold

Pending Sales

Homes Sold ↑ 100.0%New Listings ↓ 66.7%Pending ↓ 66.7%Mar 24 → Oct 25

Price Per Square Foot

Source: Redfin

Median Sale $/SF

$124

Sale $/SF ↓ 16.2%List $/SF ↑ 166.7%Mar 24 → Oct 25

Bancroft vs Similar Cities

Source: Census ACS / Redfin (2023)

Compared to cities with under 10,000 residents. Bancroft is highlighted.

Median Home Value

29th%ilemost expensive$117,000show rank

Median Rent

46th%ilemost expensive rent$920show rank

Median Price Per Sq Ft

27th%ilemost expensive $/sqft$124show rank

Rent Burden

17th%ilehighest rent burden13.8%show rank

Census Housing Data

Source: U.S. Census Bureau ACS (2023)

Median Home Value

$117,000

Median Rent

$920

Total Housing Units

214

Vacancy Rate

8.4%

Owner Occupied

68.9%

Renter Occupied

31.1%

Median Property Tax

$1,733

per year

Monthly Cost (w/ Mortgage)

$795

Housing Types

Single Family

93.5%

Multi-Family

6.1%

Mobile Home

0.5%

The current median sale price in Bancroft, MI is $237,500 according to Redfin data. Homes spend a median of 36 days on the market. 100.0% of homes sold above asking price. The median price per square foot is $124. The median rent is $920 per month (Census ACS). About 68.9% of housing units are owner-occupied. The median year homes were built is 1938. There are 214 total housing units.