RealTrends Market Report
Michigan, MI
Single-Family Homes
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Michigan, MI
Fri Apr 03 2026
This week the median list price for Michigan, MI is $269,900 with the market action index hovering around 44. This is less than last month's market action index of 46. Inventory has decreased to 15,022.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
The market has been strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.
Real-Time Market Profile
| Median List Price | $269,900 | |
| Median Price of New Listings | $297,000 | |
| Per Square Foot | $178 | |
| Average Days on Market | 112 | |
| Median Days on Market | 63 | |
| Price Decreased | 27% | |
| Price Increased | 1% | |
| Relisted | 13% | |
| Inventory | 15,022 | |
| Median Rent | ||
| Market Action | 44 | |
| Slight Seller's Advantage | ||
While this week the median didn’t fluctuate much, prices continue to sit at all time highs. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $724,950 | 2,684 | 0.5 - 1 acre | 4 | 3 | 23 | 392 | 478 | 77 |
| $359,900 | 1,728 | 0.25 - 0.5 acre | 3 | 2 | 51 | 578 | 729 | 49 |
| $199,900 | 1,295 | 6,500 - 8,000 sqft | 3 | 1.5 | 76 | 490 | 734 | 56 |
| $89,900 | 1,044 | 4,500 - 6,500 sqft | 3 | 1 | 85 | 315 | 538 | 70 |