RealTrends Market Report
Michigan, MI
Single-Family Homes
Want your own branded market report? Visit www.altosresearch.com
Michigan, MI
Sun May 24 2026
This week the median list price for Michigan, MI is $299,900 with the market action index hovering around 48. This is an increase over last month's market action index of 47. Inventory has increased to 17,815.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices
Real-Time Market Profile
| Median List Price | $299,900 | |
| Median Price of New Listings | $325,000 | |
| Per Square Foot | $191 | |
| Average Days on Market | 91 | |
| Median Days on Market | 35 | |
| Price Decreased | 29% | |
| Price Increased | 1% | |
| Relisted | 11% | |
| Inventory | 17,815 | |
| Median Rent | ||
| Market Action | 48 | |
| Strong Seller's Market | ||
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 |
|---|---|---|---|---|---|---|---|---|
| $751,815 | 2,724 | 0.5 - 1 acre | 4 | 3 | 26 | 684 | 551 | 42 |
| $394,949 | 1,792 | 0.25 - 0.5 acre | 3 | 2 | 48 | 955 | 870 | 28 |
| $225,000 | 1,320 | 8,000 - 10,000 sqft | 3 | 1.5 | 73 | 891 | 1,013 | 28 |
| $95,000 | 1,057 | 4,500 - 6,500 sqft | 3 | 1 | 86 | 509 | 668 | 63 |