Michigan Home Values & Market Trends
There have been 139,239 properties sold in the Michigan real estate market trends. Median home values in the Michigan housing market are $238,758.52. The median residential home value for transactions over the last 12 months is 201,618.203. The State of Michigan currently has 3,719 properties in foreclosure, 1,341 bank owned properties, and 2,378 headed for auction.
Michigan Real Estate Market Overview
| County | Median Est. Value | County | Median Est. Value |
|---|---|---|---|
| Wayne | $ 135,106 $ 106/sqft | Wexford | $ 207,788 $ 134/sqft |
| Oakland | $ 330,772 $ 194/sqft | Gratiot | $ 156,562 $ 94/sqft |
| Macomb | $ 234,586 $ 166/sqft | Isabella | $ 214,319 $ 125/sqft |
| Kent | $ 319,514 $ 178/sqft | Cheboygan | $ 230,017 $ 146/sqft |
| Genesee | $ 172,272 $ 118/sqft | Delta | $ 179,900 $ 131/sqft |
| Washtenaw | $ 422,456 $ 211/sqft | Osceola | $ 203,204 $ 119/sqft |
| Kalamazoo | $ 269,900 $ 140/sqft | Midland | $ 174,318 $ 130/sqft |
| Ottawa | $ 390,025 $ 192/sqft | Bay | $ 137,632 $ 106/sqft |
| Ingham | $ 163,096 $ 111/sqft | Leelanau | $ 624,839 $ 292/sqft |
| Jackson | $ 199,277 $ 122/sqft | Oceana | $ 298,176 $ 180/sqft |
| Muskegon | $ 195,938 $ 140/sqft | Ogemaw | $ 203,621 $ 130/sqft |
| Berrien | $ 249,900 $ 152/sqft | Emmet | $ 385,255 $ 196/sqft |
| Grand Traverse | $ 452,890 $ 275/sqft | Gladwin | $ 220,000 $ 160/sqft |
| Calhoun | $ 169,900 $ 118/sqft | Lake | $ 149,900 $ 125/sqft |
| St. Clair | $ 219,908 $ 153/sqft | Kalkaska | $ 270,811 $ 158/sqft |
| Livingston | $ 373,917 $ 204/sqft | Benzie | $ 382,474 $ 212/sqft |
| Allegan | $ 357,665 $ 170/sqft | Charlevoix | $ 374,786 $ 223/sqft |
| Saginaw | $ 164,950 $ 107/sqft | Iosco | $ 173,382 $ 141/sqft |
| Monroe | $ 223,675 $ 138/sqft | Tuscola | $ 151,099 $ 101/sqft |
| Lenawee | $ 224,999 $ 132/sqft | Dickinson | $ 142,710 $ 105/sqft |
| Van Buren | $ 261,511 $ 148/sqft | Houghton | $ 178,776 $ 107/sqft |
| Newaygo | $ 240,000 $ 142/sqft | Gogebic | $ 114,686 $ 93/sqft |
| Mecosta | $ 230,000 $ 127/sqft | Huron | $ 188,974 $ 127/sqft |
| Branch | $ 202,983 $ 132/sqft | Chippewa | $ 187,698 $ 117/sqft |
| St. Joseph | $ 202,201 $ 126/sqft | Alcona | $ 278,950 $ 165/sqft |
| Montcalm | $ 215,000 $ 132/sqft | Crawford | $ 190,933 $ 148/sqft |
| Marquette | $ 250,250 $ 183/sqft | Alpena | $ 187,719 $ 100/sqft |
| Eaton | $ 242,492 $ 133/sqft | Iron | $ 122,962 $ 76/sqft |
| Lapeer | $ 278,820 $ 166/sqft | Oscoda | $ 136,200 $ 98/sqft |
| Barry | $ 291,146 $ 174/sqft | Arenac | $ 205,000 $ 159/sqft |
| Cass | $ 250,000 $ 147/sqft | Presque Isle | $ 197,292 $ 153/sqft |
| Shiawassee | $ 149,967 $ 113/sqft | Missaukee | $ 265,000 $ 134/sqft |
| Clinton | $ 322,699 $ 152/sqft | Montmorency | $ 234,900 $ 133/sqft |
| Manistee | $ 239,590 $ 144/sqft | Menominee | $ 270,486 $ 155/sqft |
| Hillsdale | $ 229,900 $ 127/sqft | Schoolcraft | $ 97,158 $ 70/sqft |
| Mason | $ 256,456 $ 151/sqft | Luce | $ 143,039 $ 112/sqft |
| Sanilac | $ 203,404 $ 147/sqft | Alger | $ 175,571 $ 137/sqft |
| Ionia | $ 234,900 $ 141/sqft | Baraga | $ 277,398 $ 177/sqft |
| Clare | $ 157,859 $ 112/sqft | Keweenaw | $ 123,376 $ 91/sqft |
| Roscommon | $ 240,834 $ 141/sqft | Mackinac | $ -- $ -- |
| Otsego | $ 286,403 $ 168/sqft | Ontonagon | $ -- $ -- |
| Antrim | $ 345,783 $ 215/sqft |
Housing Market Summary for Michigan
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $238.9K | $231.9K | -2.90% |
| Median Sold Price | $197.4K | $231.9K | 17.50% |
| Homes For Sale | 13,902 | 14,286 | 2.76% |
| Homes Sold | 108,059 | 81,824 | -24.28% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Michigan
Browse Homes in Michigan
There are currently 16,753 properties for sale in Michigan. The current home value ranges in price from 1 to 8,600,000. The total count of properties in the state is 3,723,337, and the percentage of properties for sale is 16753.00%.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Michigan with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single county. There are 83 counties within Michigan; of those counties, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Michigan ranges from the highest value of $1,648,357 in Ionia to the lowest value of $18,022 in Saginaw. Bank owned homes and properties account for 0.04% of properties in Michigan. There are 83 counties within Michigan; Wayne containing 497 REO properties, has the highest number of bank owned properties in a single county.
- AuctionsWayne has 402 auction properties, the highest number of properties going to auction in a single county in the state of Michigan. Auction homes and other auction properties account for 0.06% of all properties in Michigan. There are 83 counties within Michigan; of those counties, the median estimated home value for homes going to auction ranges from $1,671,739 in Grand Traverse to the lowest value of $21,658 in Grand Traverse.
Compare Nearby Cities
More Real Estate Resources for Michigan
Guide for Michigan
Explore the nuances of Michigan’s 2023 real estate market, where rising property values meet shifting sold prices and distressed properties offer investment opportunities amidst a stable yet competitive landscape.
Lansing’s real estate market has seen substantial growth in home values and sales prices from April 2023 to March 2024, positioning the city as an attractive investment prospect.
The 2023 Detroit real estate market trend showed steady average listing values and an increase in property sales, with neighboring cities displaying more fluctuation but higher property values. This reflects the city’s resilience amidst an unpredictable industry landscape.
Why Buying a Foreclosure is a Smart Move
