Elsie Real Estate
7 active listings · 28 sold in the past 12mo
$199,000
Median List Price
28
Sold (past 12mo)
57
Avg Days on Market
+15.8%
HFGⓘ
Household Formation Gap (HFG) is a secondary market indicator that measures hidden housing demand created by shrinking household sizes. As average household size decreases — due to divorce, single living, empty nesting, delayed marriage — more housing units are needed even without population growth. HFG compares the estimated number of households needed today versus 15 years ago: (population ÷ avg household size). This is a demographic trend signal, not a primary market indicator like income-based affordability or comparative market analysis. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates (2009–2023), Tables B01003, B25010, B25001.
Active Listings
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Homes for Sale(7)
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For Sale
1/41
$339,900
7694 N Meridian Road, Elsie, MI 48831
3 bd2 ba1.10 ac
Single Family
Under Contract
1/87
$249,900
155 W Main Street, Elsie, MI 48831
5 bd2 ba0.46 ac
Single Family
For Sale
1/27
$219,000
315 N Carole Drive, Elsie, MI 48831
3 bd1 ba0.57 ac
Single Family
Under Contract
1/36
$199,000
5251 E Island Road, Elsie, MI 48831
2 bd1 ba3.50 ac
Single Family
Under Contract
1/16
$170,000
147 E Elm Street, Elsie, MI 48831
4 bd1 ba0.49 ac
Mfg Home
Under Contract
1/22
$99,000
11980 E S Gratiot County Line Road, Elsie, MI 48831
3 bd1 ba1.29 ac
Single Family
For Sale
1/42
$95,000
204 W Pine Street, Elsie, MI 48831
3 bd1 ba0.25 ac
Single Family
Recently Sold(28)
Frequently Asked Questions about Elsie
Are there homes available in Elsie right now?
Buyers in Elsie can choose from 7 active listings. The median asking price is $199,000.
How much do homes cost in Elsie?
The median sale price in Elsie is $199,000, based on 28 closed sales over the past 12 months.
How long do homes stay on the market in Elsie?
Homes in Elsie sell in an average of 57 days, based on 28 sales over the past 12 months.
What schools are in Elsie?
Elsie is served by one or more public school districts. In Michigan, school district boundaries do not always align with city limits, so different parts of Elsie may be zoned for different districts. Check individual listings for the specific school district assignment.
What are market conditions like in Elsie?
With 3.0 months of inventory, Elsie is currently a balanced market. This is based on 7 active listings and 28 sales in the past 12 months.
What are property taxes like in Elsie?
Michigan property taxes in Elsie are calculated using the State Equalized Value (SEV) times the local millage rate. Rates vary by school district and municipality. Primary residences qualify for a homestead exemption that reduces the tax rate.
What is the Household Formation Gap in Elsie?
Based on Census Bureau ACS 5-Year Estimates, the Household Formation Gap in Elsie is +15.8%. Shrinking household sizes (from 2.16 to 2.24 persons per household) have increased the number of households needing housing by 58 since 2009 — independent of the 20.1% population growth. This is a secondary demographic indicator, not a primary market measure.