Last Updated: July 23, 2026 | By Robert Harrell — Realtor, Commerce Township, MI | Harrell Realty Team

The single most important number in the Commerce Township housing market 2026 has been consistent for two months running: homes are going to pending in about 29 days. I'm Robert Harrell of the Harrell Realty Team, and every month I pull the latest numbers so my clients — not just my competitors' clients — know exactly where this market stands before they list or make an offer.

July's Market at a Glance

• Average home value: approximately $386,637, up roughly 3.5% year-over-year
• Median list price: around $565,000, skewed upward by lakefront and larger inventory currently on market
• Time to pending: approximately 29 days for well-priced homes
• Market character: balanced — shifted from the frantic pace of recent years toward more negotiating room for buyers

What This Means for Buyers

If you've been priced out of a bidding war in the last two years, July is a noticeably better month to be house-hunting. Inventory has expanded, and homes are increasingly selling slightly below asking price, which gives buyers real room to negotiate on price, closing costs, or repairs.

Premium lakefront homes and anything zoned into the top-rated school areas are the exception — those are still moving in days, not weeks, so if you're targeting Union Lake or Commerce Lake specifically, be ready to move fast once the right listing appears.

What This Means for Sellers

A 29-day average time to pending is still a healthy number by national standards, but it's no longer the multiple-offers-in-48-hours environment of past years. Correct pricing from day one matters more now than it did in 2023 or 2024 — homes that launch overpriced and need a reduction typically sit noticeably longer than ones priced right the first time.

If you're weighing whether to list this month, I put together a full breakdown in my free home valuation that accounts for exactly where your street falls in this shifting market.

Neighbourhood Spotlight: Union Lake

Union Lake continues to outperform the township average, with well-maintained lakefront listings still fielding multiple showings in the first week. Buyers here are less price-sensitive than in the township overall, and homes with confirmed dock rights consistently sell faster than those without documented riparian access.

What to Expect Next Month

Based on the current trend line, expect inventory to keep expanding gradually through late summer, with days-to-pending holding in the high-20s unless mortgage rates move sharply in either direction. Sellers considering a fall listing should start preparing now — pricing strategy takes longer to get right in a balanced market than it did during the frenzy of prior years.

Whether you're trying to time a purchase or a sale around these numbers, I'd rather walk you through what they mean for your specific street than have you guess from a township-wide average. Contact the Harrell Realty Team and let's talk about your situation directly.

Frequently Asked Questions

What is the average home price in Commerce Township MI?

As of July 2026, the average home value is approximately $386,637, up about 3.5% year-over-year, while the median list price sits closer to $565,000 due to a higher share of lakefront and larger homes currently listed.

How long does it take to buy a home in Commerce Township MI?

Most well-priced homes are going to pending in approximately 29 days, though premium lakefront properties and homes in top school zones often move faster, sometimes within the first week of listing.

Is it a good time to buy a home in Commerce Township Michigan 2026?

Yes for most buyers — the market has shifted from a frantic, multiple-offer environment to a more balanced one, giving buyers more negotiating leverage on price and terms than in the previous two years.

How do realtors get paid in Michigan?

Realtor commissions in Michigan are negotiated per transaction and typically paid by the seller at closing out of sale proceeds, covering both the listing agent and the buyer's agent — buyers generally don't pay their agent directly.

How do I get a free home valuation in Commerce Township MI?

The Harrell Realty Team provides a free, no-obligation comparative market analysis based on actual recent sales on your street — not an automated online estimate. Call (248) 830-1870 or request one through the site to get started.

If you're deciding between Commerce Township and a neighboring community based on this month's numbers, my neighbourhood guide to West Bloomfield covers how that market compares on price and pace right now, which is often the next question buyers ask once they've seen these figures.

Ready to Talk About Your Street Specifically?

Connect with Robert Harrell today:

• Phone: (248) 830-1870
• Email: [email protected]
• Website: harrellrealtyteam.com