Foreclosure HomeU.S.Michigan

Michigan Real Estate Trends

65,570 Foreclosure Homes  |  $71,920 Average Foreclosure Sales Price

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Cities with Highest Gains in Home Sales Prices

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Cities with the highest increase in quarterly average home sales prices based on the last two calendar quarters, updated May 2012.

City, State Avg. Home Sales Price   Quarterly % Change
Highland Park, MI $9,770 55.43 %
North Street, MI $141,390 36.27 %
Ludington, MI $153,000 32.78 %
Pontiac, MI $19,205 26.33 %
Hartland, MI $171,523 23.03 %
Saint Charles, MI $74,957 20.63 %
Carleton, MI $116,523 20.49 %
Metamora, MI $191,305 16.74 %
Dundee, MI $124,682 16.55 %
Sparta, MI $89,308 13.83 %

Cities with Greatest Drops in Home Sales Prices

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Cities with the largest decrease in quarterly average home sales prices based on the last two calendar quarters, updated May 2012.

City, State Avg. Home Sales Price   Quarterly % Change
Ecorse, MI $8,063 -43.64 %
Muskegon, MI $46,104 -38.84 %
Goodrich, MI $121,344 -28.62 %
Wyandotte, MI $39,920 -26.98 %
RIVERVIEW, MI $80,460 -24.95 %
Harrison Township, MI $83,549 -24.67 %
Gregory, MI $112,277 -24.64 %
Belmont, MI $134,415 -24.33 %
Delton, MI $64,083 -24.05 %
Columbiaville, MI $70,355 -22.89 %

Foreclosure Sales Count for - MI

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Average Sales Price - MI

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Average Sales Price
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May 2012
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Average Sales Price Comparison - MI

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Average Sales Price
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RealtyTrac Community - Discussions and Q&A

Recent discussions in MI

Hello I live in Michigan and have recently purchased a house, which I intend to live in, at a sheriff's sale. Since you seem to have experience in doing this I was wondering if maybe you could answer a few questions for me. I would really appreciate
Latest post by rwmcgreg, 5/8/2012 7:53 AM
In Buying Foreclosures MI
looking for a home value for a bank balance reduction.looked on zillow.com and found a value for my home, but wanted to compare, or get info on what type of value appraisal would acceptable for balance reduction.
Latest post by gtlou, 4/9/2012 11:47 AM
In Home Values MI
New to this. What's the likelihood a bank will sell a property at the last transfer Value price? Say a 3/2 1700SF at previous transfer value of 12,000?
Latest post by Kela, 2/8/2012 8:24 PM
In Buying Foreclosures MI
Will home prices go up much in the next 2-3 years in the Metro Detroit area?
Latest post by Wolverine27, 1/1/2012 5:45 PM
In Home Values MI
Redemption ending soon, when can I buy?
Latest post by michiganjason78, 11/11/2011 9:05 PM
In Buying Foreclosures MI
Suburban Detroit MI Housing Prices Artificially High?
Latest post by Unicornz0, 11/16/2011 7:05 AM
In Home Values MI
Listed on the site are forclosed homes the amount column is my question is that the asking price of the amount the home forclosed for>\?
Latest post by Danielle, 11/13/2011 3:22 PM
In Buying Foreclosures MI
Suburban Detroit MI Housing Prices Artificially High?
Latest post by Unicornz0, 11/16/2011 7:00 AM
In Home Values MI
When the transfer value is much more than the market value for an REO, is it worth the effort buying from the bank directly ?
Latest post by Chris_A, 10/16/2011 2:26 PM
In Buying Foreclosures MI
Is there any easy way to look for lakefront foreclosures without using the map? The map isn't much help and either are the details of the property-it seems I have to use alternate websites to find any additional details or photos of the home. Although
Latest post by karenb2001, 9/21/2011 6:28 PM
In Buying Foreclosures MI
I want to know if all the properties that are listed as foreclosures are for sale. On the interactive map there are very few that have the dollar symbol. If it was foreclosed in 2008 why is it listed here. Have these sold? All the ones listed are not n
Latest post by Paco, 9/23/2011 7:44 AM
In Buying Foreclosures MI
REO listings
Latest post by Brian M, 8/8/2011 1:48 PM
In Buying Foreclosures MI
Buying Bank Owned
Latest post by Alex, 1/22/2011 9:35 AM
In Buying Foreclosures MI
How do I cancel RealtyTrac? They keep trying to charge my credit/debit card and it needs to STOP NOW!
Latest post by realty iritated, 9/11/2010 9:01 PM
In RealtyTrac Features MI
When looking at the information for Oakland County, MI the number of foreclosures listed at the top of the page has when down from over 20,000 to down around 17,000. When looking at the sales trend Foreclosure Sales Count for - Oakland County, MI the numbe
Latest post by Ken T., 8/25/2010 7:31 AM
In Buying Foreclosures MI
We are living in a rented home in Detroit. We are paying 1,000 a month. It seems our landlord wants us to pay the original price for the home-that is the 100,000. I'm sorry that the landlord is ver his head over the properties he in invested in, but the h
Latest post by Cheryl & Randy Cayce, 8/22/2010 12:06 PM
In Home Values MI
We are living in a rented home in Detroit. We are paying 1,000 a month. It seems our landlord wants us to pay the original price for the home-that is the 100,000. I'm sorry that the landlord is ver his head over the properties he in invested in, but the h
Latest post by Cheryl & Randy Cayce, 8/22/2010 12:17 PM
In Home Values MI
foreclosure percentage rates for wayne county michigan from 2000 to 2009
Latest post by Angelisha, 7/1/2010 6:32 PM
In Foreclosure Trends MI
how much was this house worth before foreclosure
Latest post by Kendra88, 5/18/2010 6:19 PM
In Buying Foreclosures MI
I'm confused about the way Average Sales Trends are calculated. Are they closed sales or the list sale price that is being used to calculate this trend? If it is the latter of the two, it doesn't seem like a fair comparison since many foreclosures do not a
Latest post by Kate, 6/6/2010 8:08 PM
In Foreclosure Trends MI
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Hot Foreclosure States

States with the largest % of savings based on May 2012 avg. sales price vs. avg. foreclosure sales price.

State Foreclosure Savings
Kentucky 51%
Connecticut 46%
Massachusetts 46%
Louisiana 45%
Wisconsin 45%
Oklahoma 44%
Ohio 44%
Rhode Island 43%
Delaware 41%
Georgia 40%

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