Michigan Real Estate Market Trends & Home Values

Michigan Market Overview

There have been 165,181 properties sold in the Michigan real estate market trends. Median home values in the Michigan housing market are $234,551. The median residential home value for transactions over the last 12 months is $212,402. The State of Michigan currently has 5,680 properties in foreclosure, 2,697 bank owned properties, and 2,983 headed for auction.

Active Residential Inventory

Total Inventory

Recently Sold Properties

Michigan Home Values

$234,551

There are currently 12,978 properties for sale in Michigan. The current home value ranges in price from $1 to $8,900,000. The total count of properties in the state is 3,729,566, and the percentage of properties for sale is 69.6%.

Michigan Real Estate Market Overview

Michigan Foreclosures Market Overview

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Search By County

County	Median Est. Value
Oakland County	$265,923 $175.00/sqft
Kent County	$261,375 $197.00/sqft
Washtenaw County	$229,966 $175.14/sqft
Macomb County	$219,582 $162.00/sqft
Muskegon County	$187,119 $150.50/sqft
Genesee County	$154,652 $114.00/sqft
Berrien County	$144,626 $107.67/sqft
Ingham County	$137,596 $125.00/sqft
Saginaw County	$108,238 $80.00/sqft
Wayne County	$106,756 $86.71/sqft

There are 80 counties within Michigan; within these counties, the median estimated home value for homes in foreclosure ranges from $3,516,996 in Livingston County to the lowest value of $17,940 in Genesee County. Foreclosure homes account for 0.15% of properties in Michigan with Wayne County containing 1,517 foreclosures, the highest number of foreclosure properties in a single county.