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 $234,648. The median residential home value for transactions over the last 12 months is $212,402. The State of Michigan currently has 5,120 properties in foreclosure, 2,142 bank owned properties, and 2,978 headed for auction.

Active Residential Inventory

Total Inventory

Recently Sold Properties

Michigan Home Values

$234,648

There are currently 12,938 properties for sale in Michigan. The current home value ranges in price from $20 to $8,900,000. The total count of properties in the state is 3,725,619, and the percentage of properties for sale is 71.6%.

Michigan Real Estate Market Overview

Michigan Foreclosures Market Overview

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Search By County

County	Median Est. Value
Oakland County	$265,923 $174.56/sqft
Kent County	$259,281 $196.00/sqft
Macomb County	$221,307 $162.33/sqft
Muskegon County	$185,888 $151.50/sqft
Genesee County	$154,671 $115.50/sqft
Jackson County	$151,314 $119.50/sqft
Ingham County	$145,607 $125.00/sqft
Berrien County	$144,144 $106.50/sqft
Saginaw County	$108,500 $81.50/sqft
Wayne County	$104,968 $84.93/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 0.14% of properties in Michigan with Wayne County containing 1,499 foreclosures, the highest number of foreclosure properties in a single county.