RealTrends Market Report

Michigan, MI

Single-Family Homes

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Michigan, MI

Sat Jul 19 2025
This week the median list price for Michigan, MI is $314,900 with the market action index hovering around 45. This is about the same as last month's market action index of 45. Inventory has increased to 20,177. Click here to stay informed with the Michigan market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Michigan, MI

Sat Jul 19 2025
This week the median list price for Michigan, MI is $314,900 with the market action index hovering around 45. This is about the same as last month's market action index of 45. Inventory has increased to 20,177. Click here to stay informed with the Michigan market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Real-Time Market Profile

Never miss important changes in the Michigan market.
Median List Price $314,900
Median Price of New Listings $289,000
Per Square Foot $190
Average Days on Market 82
Median Days on Market 42
Price Decreased 32%
Price Increased 1%
Relisted 12%
Inventory 20,177
Median Rent
Market Action 45
Strong Seller's Market

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
$759,499 2,785 0.5 - 1 acre 4 3 26 411 457 49
$399,900 1,860 0.25 - 0.5 acre 3 2 41 627 718 35
$239,900 1,399 0.25 - 0.5 acre 3 1.5 70 702 806 35
$109,900 1,066 4,500 - 6,500 sqft 3 1 84 563 599 49