Michigan Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $146,700
    2% ( $2,300 ) vs Sep 2016
  • Median Sales Price
    $126,000
    1% ( $1,000 ) vs Sep 2016
  • Median Foreclosure Sales Price
    $75,000
    0% ( $0 ) vs Sep 2016
  • Foreclosures View
    Homes for Sale 28,292
    Recently Sold 74,035

Market Summary

There are currently (contact us for foreclosure counts) properties in MI that are in some stage of foreclosure (default, auction or bank owned) while the number of homes listed for sale on RealtyTrac is 28,292.

In October, the number of properties that received a foreclosure filing in MI was 7% lower than the previous month and 49% lower than the same time last year.

Home sales for September 2017 were up 54% compared with the previous month, and down 52% compared with a year ago. The median sales price of a non-distressed home was $126,000. The median sales price of a foreclosure home was $75,000, or 40% lower than non-distressed home sales.

Sales Prices - Michigan




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$75,000 (Median Foreclosure Sales Price) $75,000 (Median Foreclosure Sales Price) $0 (Median Foreclosure Sales Price) $62,334 (Median Foreclosure Sales Price) $61,668 (Median Foreclosure Sales Price) $58,688 (Median Foreclosure Sales Price) $126,000 (Median Sales Price) $125,000 (Median Sales Price) $122,000 (Median Sales Price) $120,000 (Median Sales Price) $114,000 (Median Sales Price) $112,000 (Median Sales Price) $75,000 (Median Foreclosure Sales Price) $75,000 (Median Foreclosure Sales Price) $0 (Median Foreclosure Sales Price) $62,334 (Median Foreclosure Sales Price) $61,668 (Median Foreclosure Sales Price) $58,688 (Median Foreclosure Sales Price) $126,000 (Median Sales Price) $125,000 (Median Sales Price) $122,000 (Median Sales Price) $120,000 (Median Sales Price) $114,000 (Median Sales Price) $112,000 (Median Sales Price)
Interested in more detailed data or historic trends back to 2005?
RealtyTrac's parent company, ATTOM Data Solutions, can supply you with this data through reports or a data license. Contact us now!

Top Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Detroit
2,507
59.8
% (y-o-y)
$32,000
14.3
% (y-o-y)
40.4%
53.4
% (y-o-y)
Grand Rapids
157
42.7
% (y-o-y)
$131,977
2.2
% (y-o-y)
17.2%
28.4
% (y-o-y)
Highland Park
98
64.9
% (y-o-y)
$50,600
551.5
% (y-o-y)
Data not available
Warren
59
43.8
% (y-o-y)
$89,500
12.7
% (y-o-y)
34.6%
71.4
% (y-o-y)
Flint
48
59.0
% (y-o-y)
$24,000
22.0
% (y-o-y)
Data not available
Dearborn Heights
44
2.3
% (y-o-y)
$100,000
36.1
% (y-o-y)
Data not available
Redford
44
43.6
% (y-o-y)
$77,250
7.3
% (y-o-y)
17.9%
38.9
% (y-o-y)
Royal Oak
44
4.8
% (y-o-y)
$225,000
9.6
% (y-o-y)
Data not available
Hamtramck
41
57.3
% (y-o-y)
$61,000
45.2
% (y-o-y)
Data not available
Southfield
40
21.2
% (y-o-y)
$115,500
10.0
% (y-o-y)
Data not available

Local Info For Michigan

Population:
9,952,687
Schools: 4354   
Household Median Income: $48,432
Unemployment: 4.00%
Percentage of vacant homes: 15.14%

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