Michigan Real Estate Market Trends & Home Values

Michigan Market Overview

There have been 193,342 properties sold in the Michigan real estate market trends. Median home values in the Michigan housing market are $233,277. The median residential home value for transactions over the last 12 months is $184,314. The State of Michigan currently has 2,891 properties in foreclosure, 254 bank owned properties, and 2,637 headed for auction.

Active Residential Inventory

Total Inventory

Recently Sold Properties

Michigan Home Values

$233,277

There are currently 20,934 properties for sale in Michigan. The current home value ranges in price from $1 to $7,995,000. The total count of properties in the state is 3,738,066, and the percentage of properties for sale is 87.9%.

Michigan Real Estate Market Overview

Michigan Foreclosures Market Overview

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Search By County

County	Median Est. Value
Oakland County	$264,165 $175.00/sqft
Kent County	$253,849 $201.00/sqft
Macomb County	$210,823 $165.00/sqft
Muskegon County	$185,911 $144.00/sqft
Kalamazoo County	$182,683 $152.00/sqft
Berrien County	$181,507 $135.00/sqft
Genesee County	$166,761 $120.00/sqft
Jackson County	$159,461 $119.00/sqft
Wayne County	$154,419 $130.60/sqft
Ingham County	$149,085 $124.50/sqft

There are 81 counties within Michigan; within these counties, the median estimated home value for homes in foreclosure ranges from $3,817,082 in Emmet County to the lowest value of $10,000 in Genesee County. Foreclosure homes account for 0.08% of properties in Michigan with Wayne County containing 664 foreclosures, the highest number of foreclosure properties in a single county.