Ithaca Real Estate
14 active listings · 58 sold in the past 12mo
$230,000
Median List Price
58
Sold (past 12mo)
83
Avg Days on Market
-2.1%
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
Loading map…
Market Dashboard
Homes for Sale(14)
View all with filters →
For Sale
1/40
$475,000
6386 E Washington, Ithaca, MI 48847
5 bd4 ba1.93 ac
Single Family
For Sale
1/54
$399,000
2298 W Hayes Road, Ithaca, MI 48847
3 bd2 ba1.97 ac
Single Family
Under Contract
1/34
$325,000
513 Westwind Lane, Ithaca, MI 48847
4 bd2 ba0.30 ac
Single Family
For Sale
1/27
$259,900
230 N Union Street, Ithaca, MI 48847
4 bd2 ba1,950 sqft0.25 ac
Single Family
For Sale
1/16
$252,000
1307 S State Road, Ithaca, MI 48847
3 bd2 ba1 ac
Single Family
For Sale
1/42
$250,000
207 N Pine River Street, Ithaca, MI 48847
4 bd2 ba2,850 sqft0.25 ac
Single Family
For Sale
1/39
$235,000
6596 W Washington Road, Ithaca, MI 48847
2 bd1 ba2 ac
Single Family
For Sale
1/16
$225,000
401 Barber, Ithaca, MI 48847
3 bd1 ba0.43 ac
Single Family
For Sale
1/69
$197,000
115 E Emerson Street, Ithaca, MI 48847
4 bd3 ba2,511 sqft0.38 ac
Single Family
For Sale
1/25
$190,000
229 S Jeffery Street, Ithaca, MI 48847
4 bd2 ba2,019 sqft0.29 ac
Single Family
Under Contract
1/18
$179,000
232 S Gwinner Street, Ithaca, MI 48847
3 bd1 ba0.31 ac
Single Family
For Sale
1/36
$165,000
217 Brown Street, Ithaca, MI 48847
3 bd1 ba0.31 ac
Single Family
Under Contract
1/38
$160,000
320 N Elm, Ithaca, MI 48847
4 bd1 ba0.24 ac
Single Family
For Sale
1/39
$139,900
126 N Ithaca Street, Ithaca, MI 48847
2 bd1 ba0.13 ac
Single Family
Recently Sold(58)
Frequently Asked Questions about Ithaca
Are there homes available in Ithaca right now?
There are currently 14 active listings in Ithaca. The median asking price is $230,000.
What is the median home price in Ithaca?
Based on 58 sales in the past year, homes in Ithaca have a median price of $230,000.
How fast do homes sell in Ithaca?
Over the past year, homes in Ithaca spent an average of 83 days on market before selling.
What school districts serve Ithaca?
Ithaca 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 Ithaca may be zoned for different districts. Check individual listings for the specific school district assignment.
Is Ithaca a buyer's or seller's market?
With 2.9 months of inventory, Ithaca is currently a seller's market. This is based on 14 active listings and 58 sales in the past 12 months.
How are property taxes calculated in Ithaca?
Michigan property taxes in Ithaca 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 Ithaca?
Per U.S. Census ACS data, Ithaca has a -2.1% Household Formation Gap over the past 15 years, indicating softening demographic demand. Population declined 6.5%, outpacing the effect of shrinking household sizes (2.46 to 2.35). HFG is a secondary market indicator — local conditions and other factors also influence housing demand.