Ada, MI 49301 Real Estate Market Report

ZIP Code: 49301
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of April 2026, the median sold price in Ada, MI stands at $589,000, reflecting a market that has seen a down trend year-over-year. Despite this decrease, recent month-over-month price increases suggest a potential shift towards upward momentum. The market appears to be characterized by elevated inventory levels, which may indicate a slower sales velocity as buyers navigate elevated interest rate pressures, currently averaging 6.644% for 30-year fixed mortgages, slightly above the early 2026 average of 6.35%.

The median days on market is notably high at 295 days, which further emphasizes the slower transaction volume and may reflect buyer hesitance in the face of rising borrowing costs. The rental market, however, remains tight with a median market rent of $2,650, indicating strong demand in that sector. Overall, the market temperature is currently assessed as neutral, suggesting a balanced environment despite the challenges posed by interest rates.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Ada, MI are averaging 6.644% APR, which is 0.29% higher than the average rate of 6.35% seen in early 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The median sold price of $589,000 indicates a market experiencing down trends year-over-year, suggesting potential pricing friction.

2. With 295 days as the median days on market, the market is experiencing slower sales velocity, which may reflect buyer caution amid elevated interest rates.

3. The median market rent of $2,650 points to a tight rental market, indicating strong demand despite the overall market conditions.

4. Current interest rate pressure is assessed as elevated, which may be suppressing buyer demand and affecting sales activity.

5. The market temperature is classified as neutral, suggesting a balanced environment despite the challenges posed by rising interest rates.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.