Grayling Real Estate
65 active listings · 95 sold in the past 12mo
$249,900
Median List Price
95
Sold (past 12mo)
75
Avg Days on Market
-8.0%
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(65)
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For Sale
1/81
$1,750,000
10935 Linger Longer Road, Grayling, MI 49738
8 bd3 ba5 ac
Single Family
For Sale
1/41
$1,495,000
7794 Hi Ridge Trail, Grayling, MI 49738
4 bd2 ba1 ac
Single Family
For Sale
1/121
$950,000
5973 W M-72 Highway, 16 Acres, Grayling, MI 49738
1 bd1 ba16 ac
Single Family
For Sale
1/52
$899,000
1065 S Mcmasters Bridge Road, Grayling, MI 49738
4 bd4 ba2,960 sqft14.64 ac
Single Family
Under Contract
1/17
$660,000
110 State Street, Grayling, MI 49738
3 bd3 ba0.70 ac
Single Family
For Sale
1/157
$599,900
2215 Danish Landing Road, Grayling, MI 49738
4 bd2 ba0.65 ac
Single Family
For Sale
1/104
$570,000
2916 N Portage Avenue, Grayling, MI 49738
3 bd2 ba0.12 ac
Single Family
For Sale
1/59
$559,900
11846 W M-72 Highway, Grayling, MI 49738
5 bd3 ba0.84 ac
Single Family
For Sale
1/37
$499,000
3935 Tara Lane, Grayling, MI 49738
2 bd3 ba3.75 ac
Single Family
For Sale
1/23
$475,000
3500 Borchers Way, Grayling, MI 49738
1 bd1 ba3.10 ac
Single Family
For Sale
1/116
$469,900
9143 N Lake Shore Drive, Grayling, MI 49738
2 bd1 ba0.11 ac
Single Family
For Sale
1/38
$389,900
2698 Newatch Avenue, Grayling, MI 49738
3 bd1 ba
Single Family
For Sale
1/30
$375,000
935 Robinhood Lane, Grayling, MI 49738
3 bd2 ba
Single Family
For Sale
1/41
$370,000
6709 Birdie Circle, Grayling, MI 49738
4 bd3 ba0.76 ac
Single Family
Under Contract
1/67
$359,900
900 Richardson Road, Grayling, MI 49738
3 bd2 ba2.07 ac
Single Family
For Sale
1/48
$350,000
2498 W Five Mile Road, Grayling, MI 49738
1 bd1 ba60.50 ac
Single Family
For Sale
1/37
$350,000
9246 Outing Place, Grayling, MI 49738
2 bd2 ba1,817 sqft3.50 ac
Single Family
For Sale
1/25
$340,000
8994 S Oak, Grayling, MI 49738
5 bd2 ba1.25 ac
Single Family
For Sale
1/39
$339,000
4851 W North Down River Road, Grayling, MI 49738
3 bd2 ba12 ac
Single Family
For Sale
1/63
$334,999
3140 Northeast Trail, Grayling, MI 49738
3 bd2 ba2.60 ac
Single Family
Under Contract
1/81
$329,900
6960 Trem Pal, Grayling, MI 49738
3 bd2 ba3 ac
Single Family
For Sale
1/50
$325,000
6972 W Seven Mile Road, Grayling, MI 49738
2 bd1 ba35 ac
Single Family
For Sale
1/42
$325,000
2498 W Five Mile Road, Grayling, MI 49738
1 bd1 ba60.50 ac
Single Family
For Sale
1/47
$320,000
6440 Richard Road, Grayling, MI 49738
5 bd2 ba0.44 ac
Single Family
Recently Sold(95)
Frequently Asked Questions about Grayling
How many homes are for sale in Grayling?
There are currently 65 active listings in Grayling. The median asking price is $249,900.
How much do homes cost in Grayling?
Based on 95 sales in the past year, homes in Grayling have a median price of $249,900.
How long do homes stay on the market in Grayling?
Over the past year, homes in Grayling spent an average of 75 days on market before selling.
What schools are in Grayling?
Multiple school districts may serve Grayling. Michigan school district boundaries are independent of city borders. The school district for a specific property depends on its exact location within the city.
What are market conditions like in Grayling?
Grayling is currently a buyer's market, with 8.2 months of supply. That ratio comes from 65 active listings relative to 95 sales per year.
How much are property taxes in Grayling?
Property taxes in Grayling are based on a property's State Equalized Value (SEV), which is roughly 50% of market value, multiplied by the local millage rate. Homestead properties (primary residences) receive a lower rate than non-homestead. Tax bills are split into summer and winter installments.
Is housing demand growing in Grayling?
Based on Census Bureau ACS data, Grayling shows a -8.0% Household Formation Gap. Despite household size decreasing from 2.25 to 2.13, the 12.9% population decline has reduced the overall number of households needing housing. This is a secondary demographic indicator, distinct from primary market measures.