Michigan Home Values & Market Trends
There have been 138,627 properties sold in the Michigan real estate market trends. Median home values in the Michigan housing market are $245,316. The median residential home value for transactions over the last 12 months is 214,938. The State of Michigan currently has 3,775 properties in foreclosure, 1,243 bank owned properties, and 2,532 headed for auction.
Michigan Real Estate Market Overview
| County | Median Est. Value | County | Median Est. Value |
|---|---|---|---|
| Wayne | $ 150,648 $ 122/sqft | Roscommon | $ 239,950 $ 155/sqft |
| Oakland | $ 335,020 $ 206/sqft | Isabella | $ 241,874 $ 134/sqft |
| Macomb | $ 240,000 $ 178/sqft | Gratiot | $ 166,700 $ 98/sqft |
| Kent | $ 312,000 $ 181/sqft | Cheboygan | $ 269,900 $ 197/sqft |
| Genesee | $ 185,416 $ 127/sqft | Otsego | $ 280,296 $ 159/sqft |
| Kalamazoo | $ 266,429 $ 144/sqft | Bay | $ 147,003 $ 117/sqft |
| Washtenaw | $ 406,731 $ 221/sqft | Antrim | $ 324,950 $ 196/sqft |
| Ottawa | $ 395,000 $ 202/sqft | Emmet | $ 500,116 $ 239/sqft |
| Ingham | $ 168,125 $ 127/sqft | Midland | $ 187,613 $ 135/sqft |
| Jackson | $ 197,296 $ 129/sqft | Charlevoix | $ 351,161 $ 208/sqft |
| Muskegon | $ 223,347 $ 147/sqft | Kalkaska | $ 249,900 $ 175/sqft |
| Berrien | $ 257,429 $ 150/sqft | Iosco | $ 215,000 $ 140/sqft |
| Calhoun | $ 177,246 $ 123/sqft | Ogemaw | $ 199,000 $ 148/sqft |
| Livingston | $ 402,231 $ 208/sqft | Benzie | $ 399,000 $ 251/sqft |
| Grand Traverse | $ 405,625 $ 258/sqft | Alpena | $ 169,952 $ 113/sqft |
| St. Clair | $ 221,018 $ 157/sqft | Gladwin | $ 237,502 $ 168/sqft |
| Monroe | $ 219,900 $ 148/sqft | Tuscola | $ 164,900 $ 129/sqft |
| Van Buren | $ 279,000 $ 166/sqft | Chippewa | $ 164,243 $ 124/sqft |
| Saginaw | $ 170,000 $ 121/sqft | Leelanau | $ 797,438 $ 365/sqft |
| Allegan | $ 374,900 $ 185/sqft | Crawford | $ 175,421 $ 137/sqft |
| Montcalm | $ 213,791 $ 140/sqft | Montmorency | $ 247,000 $ 160/sqft |
| Newaygo | $ 272,466 $ 170/sqft | Delta | $ 198,618 $ 114/sqft |
| St. Joseph | $ 204,575 $ 129/sqft | Arenac | $ 226,522 $ 136/sqft |
| Mecosta | $ 263,415 $ 153/sqft | Marquette | $ 260,000 $ 154/sqft |
| Lenawee | $ 232,388 $ 154/sqft | Presque Isle | $ 350,393 $ 220/sqft |
| Cass | $ 260,000 $ 157/sqft | Huron | $ 157,000 $ 121/sqft |
| Eaton | $ 253,750 $ 143/sqft | Alcona | $ 274,624 $ 141/sqft |
| Lapeer | $ 279,950 $ 188/sqft | Oscoda | $ 161,029 $ 107/sqft |
| Branch | $ 232,450 $ 138/sqft | Missaukee | $ 275,190 $ 154/sqft |
| Manistee | $ 212,544 $ 144/sqft | Luce | $ 109,622 $ 60/sqft |
| Barry | $ 284,657 $ 171/sqft | Menominee | $ 278,900 $ 170/sqft |
| Wexford | $ 220,990 $ 134/sqft | Dickinson | $ 205,482 $ 111/sqft |
| Mason | $ 266,631 $ 165/sqft | Gogebic | $ 141,400 $ 141/sqft |
| Hillsdale | $ 229,900 $ 136/sqft | Keweenaw | $ 149,795 $ 110/sqft |
| Shiawassee | $ 165,204 $ 121/sqft | Alger | $ 351,763 $ 201/sqft |
| Clinton | $ 330,299 $ 161/sqft | Iron | $ 352,450 $ 82/sqft |
| Clare | $ 159,900 $ 139/sqft | Houghton | $ 76,030 $ 137/sqft |
| Osceola | $ 185,000 $ 131/sqft | Baraga | $ 158,990 $ 150/sqft |
| Sanilac | $ 219,279 $ 157/sqft | Ontonagon | $ -- $ -- |
| Ionia | $ 217,500 $ 135/sqft | Schoolcraft | $ -- $ -- |
| Lake | $ 170,391 $ 148/sqft | Mackinac | $ -- $ -- |
| Oceana | $ 289,099 $ 165/sqft |
Housing Market Summary for Michigan
| Jan 2024 | December 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $224.9K | $242.4K | 7.78% |
| Median Sold Price | $239.9K | $269.5K | 12.36% |
| Homes For Sale | 12,441 | 16,941 | 36.17% |
| Homes Sold | 103,143 | 106,796 | 3.54% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Michigan
Browse Homes in Michigan
There are currently 16,931 properties for sale in Michigan. The current home value ranges in price from 1 to 13,900,000. The total count of properties in the state is 130,837, and the percentage of properties for sale is 16931.00%.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Michigan with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single county. There are 83 counties within Michigan; of those counties, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Michigan ranges from the highest value of $1,156,823 in Ionia to the lowest value of $19,285 in Wayne. Bank owned homes and properties account for 0.95% of properties in Michigan. There are 83 counties within Michigan; Wayne containing 505 REO properties, has the highest number of bank owned properties in a single county.
- AuctionsWayne has 584 auction properties, the highest number of properties going to auction in a single county in the state of Michigan. Auction homes and other auction properties account for 1.94% of all properties in Michigan. There are 83 counties within Michigan; of those counties, the median estimated home value for homes going to auction ranges from $1,193,389 in Iron to the lowest value of $20,900 in Iron.
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