Marquette Real Estate
1 active listing · 3 sold in the past 12mo
$189,000
Median List Price
3
Sold (past 12mo)
59
Avg Days on Market
+6.1%
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
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Homes for Sale(1)
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Recently Sold(3)
| Address | Sold Price | Date Sold |
|---|---|---|
| 318 W Park Street, Marquette, MI 49855 | $335,000 | Apr 23, 2026 |
| 1942 Orchard Street, Marquette, MI 49855 | $275,000 | Apr 16, 2026 |
| 2945 Michigan 28 Highway, Marquette, MI 49855 | $430,000 | Jun 11, 2025 |
Frequently Asked Questions about Marquette
Are there homes available in Marquette right now?
Buyers in Marquette can choose from 1 active listing. The median asking price is $189,000.
How much do homes cost in Marquette?
The median sale price in Marquette is $189,000, based on 3 closed sales over the past 12 months.
How long do homes stay on the market in Marquette?
Homes in Marquette sell in an average of 59 days, based on 3 sales over the past 12 months.
What schools are in Marquette?
Marquette 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 Marquette may be zoned for different districts. Check individual listings for the specific school district assignment.
What are market conditions like in Marquette?
With 4.0 months of inventory, Marquette is currently a balanced market. This is based on 1 active listing and 3 sales in the past 12 months.
What are property taxes like in Marquette?
Michigan property taxes in Marquette 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.
Is housing demand growing in Marquette?
Per U.S. Census ACS data, Marquette has a +6.1% Household Formation Gap over the past 15 years. Average household size decreased from 2.14 to 2, creating demand for approximately 595 additional housing units even as population declined 0.8%. HFG is a secondary market indicator — it reflects demographic trends, not a primary measure like income-based affordability.