RealTrends Market Report

Michigan, MI

Single-Family Homes

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Michigan, MI

Mon Jun 24 2024
This week the median list price for Michigan, MI is $299,900 with the market action index hovering around 49. This is less than last month's market action index of 50. Inventory has held steady at or around 15,293. 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

Mon Jun 24 2024
This week the median list price for Michigan, MI is $299,900 with the market action index hovering around 49. This is less than last month's market action index of 50. Inventory has held steady at or around 15,293. 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 $299,900
Median Price of New Listings $280,000
Per Square Foot $166
Average Days on Market 83
Median Days on Market 35
Price Decreased 31%
Price Increased 2%
Relisted 7%
Inventory 15,293
Median Rent
Market Action 49
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
$759,000 3,036 0.5 - 1 acre 4 3 24 430 406 42
$389,000 2,000 0.25 - 0.5 acre 3 2 42 679 677 28
$225,000 1,455 0.25 - 0.5 acre 3 2 70 799 864 28
$93,500 1,104 4,500 - 6,500 sqft 3 1 83 461 552 49