Michigan Housing Market
Warm MarketHousing market data and trends for Michigan. Track median prices, inventory, days on market, and competition metrics for real estate investors.
Data period: March 2026
Median Sale Price
$270K
↑ 4.2% YoY
Days on Market
40 days
↑ 5.3% YoY
Active Inventory
20,512
↑ 2.3% YoY
Homes Sold
7,753
↓ 5.3% YoY
Warm Market
The market is active with moderate buyer demand.
Michigan Market Summary
The Michigan housing market is heating up. As of March 2026, the median home sale price is $270K, up 4.2% year-over-year. Homes are spending a median of 40 days on the market, 5.3% longer than a year ago.
There are 20,512 homes for sale — 2.3% more than last year. With 2.6 months of supply, this is a seller's market. 11,538 new listings were added during this period, down 0.1% year-over-year.
Homes are selling for 98.3% of their list price on average, suggesting room for negotiation. 29.2% of homes sell above their asking price. 24.5% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
57
Contributing Factors
How This Market Compares
vs. National Median
Investor Takeaway
A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 38% below the national median, which could indicate stronger cash flow potential.
Michigan Market Trends
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Detailed Market Metrics
Median List Price
$289K
Price per Sq Ft
$173
Sale-to-List Ratio
98.3%
Months of Supply
2.6
Sold Above List
29.2%
Price Drops
24.5%
New Listings
11,538
↓ 0.1% YoY
Pending Sales
10,897
Metro Areas in Michigan
Warren, MI metro area
$313K median
32 days
on market
Detroit, MI metro area
$200K median
37 days
on market
Grand Rapids, MI metro area
$358K median
18 days
on market
Lansing, MI metro area
$230K median
40 days
on market
Flint, MI metro area
$200K median
36 days
on market
Ann Arbor, MI metro area
$410K median
40 days
on market
Kalamazoo, MI metro area
$295K median
22 days
on market
Muskegon, MI metro area
$238K median
31 days
on market
Traverse City, MI metro area
$417K median
52 days
on market
Saginaw, MI metro area
$173K median
41 days
on market
Jackson, MI metro area
$185K median
73 days
on market
Niles, MI metro area
$293K median
51 days
on market
Monroe, MI metro area
$260K median
43 days
on market
Battle Creek, MI metro area
$190K median
53 days
on market
Adrian, MI metro area
$239K median
57 days
on market
Bay City, MI metro area
$165K median
33 days
on market
Holland, MI metro area
$360K median
16 days
on market
Cadillac, MI metro area
$220K median
65 days
on market
Mount Pleasant, MI metro area
$210K median
79 days
on market
Midland, MI metro area
$270K median
25 days
on market
Alma, MI metro area
$165K median
64 days
on market
Sturgis, MI metro area
$219K median
35 days
on market
Big Rapids, MI metro area
$306K median
99 days
on market
Coldwater, MI metro area
$245K median
86 days
on market
Hillsdale, MI metro area
$200K median
105 days
on market
Marquette, MI metro area
$250K median
67 days
on market
Sault Ste. Marie, MI metro area
$168K median
70 days
on market
Escanaba, MI metro area
$178K median
92 days
on market
Iron Mountain, MI metro area
$175K median
149 days
on market
Alpena, MI metro area
$157K median
48 days
on market
Ludington, MI metro area
$210K median
46 days
on market
Houghton, MI metro area
$182K median
104 days
on market
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.