Is Honor a buyer's or seller's market right now?

Honor is currently a seller's market with 1 months of supply. Homes are selling at 98.7% of list price, and 100% go pending within two weeks. The Ridley Sell Score for Honor is 55/100 (Moderate), based on 7 real-time market signals including inventory, pricing trends, and buyer demand.

What's the median home price in Honor?

The median home price in Honor is $151,000. The median price per square foot is $139. Homes sell in a median of 278 days with a sale-to-list ratio of 98.7%.

How much does it cost to sell a home in Honor, Michigan?

On a $151,000 home in Honor, a traditional listing agent charges around $4,530 (3% commission). Add buyer agent commission (3%), closing costs (1–2%), and you could spend $12,080 or more. With Ridley Essentials ($999) you save $3,531, and with Ridley Pro ($3,499) you save $1,031 while getting full agent support.

How does Ridley's flat fee compare to a traditional Honor agent?

A traditional Honor listing agent typically charges 3% of the sale price — about $4,530 on a $151,000 home. Ridley offers two flat-fee plans: Essentials ($999) with MLS listing, marketing tools, and self-service support, or Pro ($3,499) with a dedicated licensed agent. That saves you $3,531–$1,031 compared to a traditional agent.

How long does it take to sell a home in Honor?

The median home in Honor currently spends 278 days on the market before going under contract. 100% of homes go pending within two weeks. At a 98.7% sale-to-list ratio, sellers are seeing some negotiation.

Do I need a real estate agent to sell in Michigan?

No. Michigan does not require you to use a real estate agent to sell your home. You can sell independently (FSBO) or use a flat-fee service like Ridley that gives you MLS access, professional tools, and expert support at a fraction of the traditional commission. On a $151,000 home, that could save you up to $1,031.

What's included with Ridley Essentials and Pro?

Ridley offers two plans in Michigan. Essentials ($999) includes MLS listing distribution, professional listing tools, marketing materials, and self-service support. Pro ($3,499) includes everything in Essentials plus a dedicated licensed agent partner, expert pricing consultation, offer review and negotiation support, contract and deadline management, and full closing coordination. Both save significantly vs. the traditional $4,530 commission.

National/Michigan

Honor, MI

Is Now a Good Time to Sell in Honor, Michigan?

The median home in Honor sells for $151,000. The average seller pays $4,530 in commissions — Ridley’s flat fee saves you $1,031.

Honor Real Estate Market Conditions — April 2026

55out of 100

Ridley Sell Score

How it's scored →

Moderate

55/100

A balanced market with opportunities for well-priced homes.

What this means for sellers

The Honor market is balanced — neither strongly favoring buyers nor sellers. Accurate pricing is key: overpriced homes will sit, but correctly priced listings are still moving. Focus on presentation and pricing strategy to stand out. Sellers who prepare well can still achieve strong results.

Inventory TightnessFavors sellers

1 months of supply — well below the 5-month balanced threshold — 62% below the Michigan average of 2.6.

Price MomentumNeutral

Prices flat 0% year-over-year — vs. +16% statewide.

Seller LeverageNeutral

Homes selling at 98.7% of asking — buyers are negotiating 1.3% below list. Michigan average is 97.4%.

Bidding ActivityFavors buyers

0% of homes selling above list price — 100% below the Michigan average of 24.5%.

Sale SpeedFavors buyers

278 median days on market — 212 days slower than the Michigan average.

Market UrgencyFavors sellers

100% of listings go pending within 2 weeks — vs. 28.2% statewide.

Price StabilityFavors sellers

Only 0% of listings have dropped their price — sellers are holding firm. Michigan average is 19.7%.

Score based on 7 real-time market signals. Updated with latest available data.

How it works →

Median Sale Price

The midpoint price of all homes sold in the past month. Half sold for more, half for less.

$151,000

Days on Market

How long the typical home sits on the market before going under contract. Lower is better for sellers.

278

Price per Sq Ft

Average cost per square foot of living space. Useful for comparing homes of different sizes.

$139

Sale-to-List Ratio

How close homes sell to their asking price. Above 100% means bidding wars; below means negotiation room.

98.7%

Months of Supply

How long it would take to sell all current listings at the current pace. Under 3 months favors sellers; over 6 favors buyers.

Seller’s market

Competitiveness

Overall market competition based on offers per listing, days on market, and sale-to-list ratio.

Not Very Competitive

Pending in 2 Weeks

Percentage of listings that went under contract within 14 days.

100%

Fast-moving

12-Month Price Trend

$460,000 → $151,000

▼67.2%

$400K$300K$200K

MayJulSepNovJanMarApr

Data updated April 2026

Get AI-powered market intelligence

Personalized pricing signals, demand shifts, and Sell Score changes for Honor — delivered monthly.

Your savings

How much can you save selling your home in Honor?

The average Honor homeowner saves $1,031 by selling with Ridley instead of paying the traditional 3% listing commission on a $151,000 home.

$0Estimated savings

That covers your moving costs — save 0.7% of your home value

Your Honor home value

$151,000

$50,000$10M

Traditional Agent (3%)

$4,530

Ridley Pro (flat fee)

$3,499

Ready to sell in Honor?

Get a personalized selling strategy with AI-powered pricing analysis

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Cost comparison

How much does it cost to sell a house in Honor?

The total cost to sell a house in Honor in 2026 ranges from $999 with Ridley Essentials to approximately $4,530 with a traditional 3% commission on a $151,000 home.

	Traditional Agent	Best valueRidley Pro	Ridley Essentials	FSBO
Listing fee	$4,530	$3,499	$999	$0
Buyer agent	$4,2282.8% avg	$3,020~2% avg	$3,020~2% avg	$4,2282.8% avg
Closing costs (~1.5%)	$2,265	$2,265	$2,265	$2,265
Total cost	$11,023	$8,784	$6,284	$6,493
Net proceeds	$139,977	$142,216	$144,716	$144,507
You save	—	$2,239	$4,739	$4,530No support