Housing in Waverly, MI
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$268,000
Median List Price
$242,500
Price Per Sq Ft
$126
Days on Market
63
Active Inventory
34
Months of Supply
2.6
Seller's market
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
23.1%
Off Market in 2 Weeks
29.4%
Sale-to-List Ratio
97.9%
Buyer's market
Market Activity
Source: RedfinHomes Sold
13
New Listings
11
Pending Sales
17
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$126
Median List $/SF
$141
Waverly vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 10,000 - 25,000 residents. Waverly is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$222,300
Median Rent
$1,125
Total Housing Units
11,761
Vacancy Rate
3.3%
Owner Occupied
55.8%
Renter Occupied
44.2%
Median Property Tax
$3,609
per year
Monthly Cost (w/ Mortgage)
$1,123
Housing Types
The current median sale price in Waverly, MI is $268,000 according to Redfin data. Homes spend a median of 63 days on the market. 23.1% of homes sold above asking price. The market has 2.6 months of supply. The median price per square foot is $126. The median rent is $1,125 per month (Census ACS). About 55.8% of housing units are owner-occupied. The median year homes were built is 1980. There are 11,761 total housing units.