Forster, MI—48028

As of Aug '25, the median home price in Forster, MI is $309,000, with a year-over-year change of 2.8%. This indicates that home prices in Forster, MI are increasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.

As of Aug '25 and according to Realtor.com, the median days on market for a home in Forster, MI is 82. This is an increase of 32.0% from last year. This indicates that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 27.0%. This is a large percentage of inventory, suggesting a lot of supply pressure on home prices.

According to the latest data from the U.S. Department of Housing and Urban Development (HUD) as of 2023, the number of mortgages originated in Forster, MI in that year was 30. 97.0% of all primary home loans were conventional, the remainder were government-backed loans, such as FHA loans. The average loan-to-value for all loans was 61.0%. Of those, 7.0% were >90% loan to value. This is considered normal, suggesting that mortgage risk is small in Forster, MI. Investor activity in Forster, MI is low, as 7.0% of all loans are originated by investors. In 2023, 10.0% of all loans were cash-out refinances, suggesting few homeowners are actively tapping their home's equity.