RealTrends Market Report

Michigan, MI

Single-Family Homes

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Michigan, MI

Tue Jul 01 2025
This week the median list price for Michigan, MI is $315,000 with the market action index hovering around 46. This is an increase over last month's market action index of 45. Inventory has held steady at or around 18,701. 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

Tue Jul 01 2025
This week the median list price for Michigan, MI is $315,000 with the market action index hovering around 46. This is an increase over last month's market action index of 45. Inventory has held steady at or around 18,701. 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 $315,000
Median Price of New Listings $310,000
Per Square Foot $189
Average Days on Market 80
Median Days on Market 35
Price Decreased 31%
Price Increased 1%
Relisted 11%
Inventory 18,701
Median Rent
Market Action 46
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
$750,000 2,770 0.5 - 1 acre 4 3 26 577 790 42
$399,900 1,863 0.25 - 0.5 acre 3 2 41 858 1,109 28
$239,999 1,400 0.25 - 0.5 acre 3 1.5 70 887 1,246 28
$109,900 1,056 4,500 - 6,500 sqft 3 1 84 581 986 49