375 homes sold in Waverly in the last year, at a typical $257K
Redfin reports Waverly’s sales by ZIP code, so these figures are for ZIP 48917, which takes in Waverly and the area around it. About one sale in 5 is a condo. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Waverly homes are listed.
Every place Waverly homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Waverly.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
20% of Waverly’s sales are condos, at $19K less than a house
277 houses and 71 condos sold in the year to May 2026. Houses sell faster and draw more bidding wars.
typical sale · 277 sold in the year to May 2026
- Per square foot
- $142MI $172
- Days to sell
- 33
- Sold over asking
- 41%
typical sale · 71 sold in the year to May 2026
- Per square foot
- $136MI $190
- Days to sell
- 52
- Sold over asking
- 18%
About as many homes sell as usual, at twice the 2016 price
375 sales in the last year, against 514 in 2021 and a low of 336 in 2024. The typical sale went from $135K in 2016 to $257K.
Source: Redfin Data Center, MLS sales; for ZIP 48917, which takes in Waverly and the area around it (each month is a 3-month rolling window, its counts divided by 3). Typical price and $/sq ft are the monthly medians, weighted by sales. Redfin stopped publishing towns’ figures by property type after May 2026, so houses and condos are shown for the year to then.
What $250K buys in Waverly
Check a listing against what Waverly homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Waverly are more common than before the pandemic, but half fewer homes come up for sale
We read every month of home sales in ZIP 48917 since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to September 2026, 375 sales.
If you’re buying in Waverly
- Shop in October. It brings about 45 new listings a month, close to the busiest month, with fewer bidding wars (37% over asking).
- Bid near asking. Buyers paid 99.7% of the list price on average; 39% paid over.
- Move fast on good ones. Half of homes are under contract within two weeks.
Summer brings both the most homes and the most bidding wars
July has the most new listings (about 52 a month), and the most competition: 45% close over asking. September and October offer nearly as much choice with fewer homes bid up (40%). January has the least competition (28%) but only about 26 new listings.
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and hotter than Michigan
| Waverly now | 2017–19 | 2021 peak | MI now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 39% | 32% | 52% | 28% |
| Gone within two weeksShare of homes under contract within 14 days | 52% | 5% | 23% | 40% |
| Price paid vs. askingAverage sale price ÷ list price | 99.7% | 98.8% | 101.9% | 98.1% |
| Days to sellMedian days from listing to contract | 36 | 66 | 37 | 36 |
60 homes for sale on a typical day
That’s 1.5 times the 2023 low (41), 52% fewer than in 2017–19 and well under 2012’s 202.
Since 2019, houses are up 58%, condos 55%
A house typically sold for $262K in the year to May 2026 (277 sales), a condo for $243K (71).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Source: Redfin Data Center, ZIP code tracker; for ZIP 48917, which takes in Waverly and the area around it (each month is a 3-month rolling window, its counts divided by 3), January 2012 to September 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Waverly home costs about $1,676 a month
Price: Waverly’s typical sale, last 12 months. Property tax at Waverly’s 1.6% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Waverly is affordable on local pay is on Cost of living.
Five things worth knowing
New listings in July
The month with the most choice. February has the fewest, about 24.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $257K home, about $4,020 a year.
Taxes vs. neighborsCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Lansing sells for less a square foot; DeWitt Township for far more
The busier markets within 25 miles of Waverly, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Lansing | 1,578 | $152K | $121 | 36% | 39 |
| Waverly (ZIP 48917) | 375 | $257K | $142 | 39% | 36 |
| East Lansing | 312 | $320K | $171 | 34% | 42 |
| Holt | 302 | $281K | $152 | 43% | 40 |
| Grand Ledge | 106 | $274K | $156 | 44% | 37 |
| DeWitt Township | 65 | $349K | $178 | 52% | 24 |
| Edgemont Park | 40 | $210K | $150 | 54% | 47 |
Redfin Data Center, October 2025 to September 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Waverly, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Waverly. People who follow the town see it, and so do people comparing Waverly with their own town. No commission, no listing fee.
Questions about buying a home in Waverly
What do homes sell for in Waverly, MI?
375 homes sold in the year to September 2026 at a typical $257K, $142 a square foot. Houses sold for about $262K, condos for about $243K in the year to May 2026.
Is Waverly a buyer’s or seller’s market?
A seller’s market: 77 homes were for sale in September 2026 and 34 sold, about 2.3 months of supply. Buyers paid 99.7% of asking on average.
When is the best time to buy in Waverly?
July brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Waverly?
About 1.6% of a home’s value a year. On a $257K home that’s near $4,020.
Where can I see homes for sale in Waverly?
Zillow, Redfin, Realtor.com and Homes.com all carry Waverly’s MLS listings; the search links above open each one filtered to Waverly.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; for ZIP 48917, which takes in Waverly and the area around it (each month is a 3-month rolling window, its counts divided by 3)). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).