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

Waverly is currently a seller's market with 1.9 months of supply. 20% of homes sell above asking price, and 31.3% go pending within two weeks. The Ridley Sell Score for Waverly is 49/100 (Cooling), based on 7 real-time market signals including inventory, pricing trends, and buyer demand.

What's the median home price in Waverly?

The median home price in Waverly is $213,000, down 13.1% year-over-year. The median price per square foot is $134. Homes sell in a median of 52 days with a sale-to-list ratio of 97.5%.

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

On a $213,000 home in Waverly, a traditional listing agent charges around $6,390 (3% commission). Add buyer agent commission (3%), closing costs (1–2%), and you could spend $17,040 or more. With Ridley Essentials ($999) you save $5,391, and with Ridley Pro ($3,499) you save $2,891 while getting full agent support.

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

A traditional Waverly listing agent typically charges 3% of the sale price — about $6,390 on a $213,000 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 $5,391–$2,891 compared to a traditional agent.

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

The median home in Waverly currently spends 52 days on the market before going under contract, up 4% from last year. 31.3% of homes go pending within two weeks. At a 97.5% sale-to-list ratio, sellers are seeing some negotiation. Only 31% of listings see a price drop, suggesting sellers can hold firm on pricing.

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 $213,000 home, that could save you up to $2,891.

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 $6,390 commission.

National/Michigan

Waverly, MI

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

The median home in Waverly sells for $213,000 with prices down 13.1% year-over-year. The average seller pays $6,390 in commissions — Ridley’s flat fee saves you $2,891.

Waverly Real Estate Market Conditions — April 2026

49out of 100

Ridley Sell Score

How it's scored →

Cooling

49/100

The market is shifting — strategic pricing and presentation matter more.

What this means for sellers

The Waverly market is cooling, and sellers need to be strategic. Buyers have more options and are negotiating harder. Invest in staging and professional photography to differentiate your listing. Flexibility on terms can make the difference in attracting serious buyers.

Inventory TightnessFavors sellers

1.9 months of supply — well below the 5-month balanced threshold — 27% below the Michigan average of 2.6.

Price MomentumFavors buyers

Prices down 13.1% year-over-year — vs. +16% statewide.

Seller LeverageNeutral

Homes selling at 97.5% of asking — buyers are negotiating 2.5% below list. Michigan average is 97.4%.

Bidding ActivityNeutral

20% of homes selling above list price — 18% below the Michigan average of 24.5%.

Sale SpeedFavors sellers

52 median days on market — 14 days faster than the Michigan average.

Market UrgencyNeutral

31.3% of listings go pending within 2 weeks — vs. 28.2% statewide.

Price StabilityFavors buyers

31% of listings have dropped their price — accurate initial pricing is critical. 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.

$213,000

-13.1%

Days on Market

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

+4%

Price per Sq Ft

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

$134

Sale-to-List Ratio

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

97.5%

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.

1.9

Seller’s market

Competitiveness

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

Somewhat Competitive

Sold Above List

Percentage of homes that sold for more than their list price.

20%

Room to negotiate

Price Drops

Percentage of active listings that had a price reduction.

31%

Pricing matters

Pending in 2 Weeks

Percentage of listings that went under contract within 14 days.

31.3%

Moderate pace

12-Month Price Trend

$245,000 → $213,000

▼13.1%

$300K$280K$260K$240K$220K

MayJulSepNovJanMarApr

Data updated April 2026

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

Your savings

How much can you save selling your home in Waverly?

The average Waverly homeowner saves $2,891 by selling with Ridley instead of paying the traditional 3% listing commission on a $213,000 home.

$0Estimated savings

That could furnish your new living room — save 1.4% of your home value

Your Waverly home value

$213,000

$50,000$10M

Traditional Agent (3%)

$6,390

Ridley Pro (flat fee)

$3,499

Ready to sell in Waverly?

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 Waverly?

The total cost to sell a house in Waverly in 2026 ranges from $999 with Ridley Essentials to approximately $6,390 with a traditional 3% commission on a $213,000 home.

	Traditional Agent	Best valueRidley Pro	Ridley Essentials	FSBO
Listing fee	$6,390	$3,499	$999	$0
Buyer agent	$5,9642.8% avg	$4,260~2% avg	$4,260~2% avg	$5,9642.8% avg
Closing costs (~1.5%)	$3,195	$3,195	$3,195	$3,195
Total cost	$15,549	$10,954	$8,454	$9,159
Net proceeds	$197,451	$202,046	$204,546	$203,841
You save	—	$4,595	$7,095	$6,390No support