Michigan Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $189,000
    5% ( $9,100 ) vs May 2017
  • Median Sales Price
    $150,000
    7% ( $10,100 ) vs May 2017
  • Median Foreclosure Sales Price
    NO DATA
  • Foreclosures View
    Homes for Sale 28,809
    Recently Sold 46,118

Market Summary

There are currently (contact us for foreclosure counts) properties in MI that are in some stage of foreclosure (default, auction or bank owned) while the number of homes listed for sale on RealtyTrac is 28,809.

In June, the number of properties that received a foreclosure filing in MI was 50% lower than the previous month and 18% lower than the same time last year.

Home sales for May 2018 were up 15% compared with the previous month, and up 215% compared with a year ago. The median sales price of a non-distressed home was $150,000. The median sales price of a foreclosure home was $0, or 0% higher than non-distressed home sales.

Sales Prices - Michigan


  • Foreclosure Discount
    NOT AVAILABLE


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$150,000 (Median Sales Price) $139,900 (Median Sales Price) $0 (Median Sales Price) $0 (Median Sales Price) $0 (Median Sales Price) $0 (Median Sales Price) $150,000 (Median Sales Price) $139,900 (Median Sales Price) $0 (Median Sales Price) $0 (Median Sales Price) $0 (Median Sales Price) $0 (Median Sales Price)
Interested in more detailed data or historic trends back to 2005?
RealtyTrac's parent company, ATTOM Data Solutions, can supply you with this data through reports or a data license. Contact us now!

Top Cities

Metro Total Sales Median Sales Price Foreclosure Savings
GRAND RAPIDS
557
196.3
% (y-o-y)
$165,000
27.0
% (y-o-y)
Data not available
Detroit
362
47.8
% (y-o-y)
$33,013
20.0
% (y-o-y)
Data not available
Warren
228
188.6
% (y-o-y)
$120,000
90.5
% (y-o-y)
Data not available
Saginaw
203
680.8
% (y-o-y)
$73,000
44.7
% (y-o-y)
Data not available
Royal Oak
161
455.2
% (y-o-y)
$237,000
13.1
% (y-o-y)
Data not available
Sterling Heights
160
272.1
% (y-o-y)
$185,000
7.4
% (y-o-y)
Data not available
Muskegon
159
467.9
% (y-o-y)
$97,500
75.7
% (y-o-y)
Data not available
Clinton Township
154
352.9
% (y-o-y)
$144,000
2.9
% (y-o-y)
Data not available
Rochester
151
1158.3
% (y-o-y)
$300,000
12.9
% (y-o-y)
Data not available
Farmington
143
495.8
% (y-o-y)
$235,000
4.4
% (y-o-y)
Data not available

Local Info For Michigan

Population:
9,952,687
Schools: 4354   
Household Median Income: $48,432
Unemployment: 5.20%
Percentage of vacant homes: 15.14%

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