Reese Real Estate
3 active listings · 27 sold in the past 12mo
$159,900
Median List Price
27
Sold (past 12mo)
117
Avg Days on Market
-21.2%
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(3)
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For Sale
1/33
$300,000
1083 S Van Buren Road, Reese, MI 48757
3 bd2 ba2,380 sqft0.58 ac
Single Family
Under Contract
1/36
$159,900
7974 W Gilford Road, Reese, MI 48757
3 bd2 ba1,512 sqft0.38 ac
Single Family
For Sale
1/23
$154,000
1049 S Reese Rd Road, Reese, MI 48757
4 bd2 ba1,900 sqft0.91 ac
Single Family
Recently Sold(27)
Frequently Asked Questions about Reese
What is the current real estate inventory in Reese?
There are currently 3 active listings in Reese. The median asking price is $159,900.
What are home prices like in Reese?
Homes in Reese sell for a median of $159,900, drawn from 27 transactions over the past year.
What is the average days on market in Reese?
The average days on market in Reese is 117, based on 27 recent transactions.
Which school districts cover Reese?
Reese 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 Reese may be zoned for different districts. Check individual listings for the specific school district assignment.
How competitive is the Reese real estate market?
With 1.3 months of inventory, Reese is currently a seller's market. This is based on 3 active listings and 27 sales in the past 12 months.
What are property taxes like in Reese?
Michigan property taxes in Reese 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 Reese?
Per U.S. Census ACS data, Reese has a -21.2% Household Formation Gap over the past 15 years, indicating softening demographic demand. Population declined 21.8%, outpacing the effect of shrinking household sizes (2.33 to 2.31). HFG is a secondary market indicator — local conditions and other factors also influence housing demand.