Michigan Housing Market
Cool MarketHousing market data and trends for Michigan. Track median prices, inventory, days on market, and competition metrics for real estate investors.
Data period: January 2026
Median Sale Price
$255K
↑ 3.4% YoY
Days on Market
52 days
↑ 13.0% YoY
Active Inventory
20,194
↑ 0.7% YoY
Homes Sold
6,230
↓ 10.6% YoY
Cool Market
Buyer activity is slowing, creating more negotiating room.
Michigan Market Summary
The Michigan housing market is cooling down. As of January 2026, the median home sale price is $255K, up 3.4% year-over-year. Homes are spending a median of 52 days on the market, 13.0% longer than a year ago.
There are 20,194 homes for sale — 0.7% more than last year. With 3.2 months of supply, this is a seller's market. 7,459 new listings were added during this period, down 10.1% year-over-year.
Homes are selling for 97.2% of their list price on average, suggesting room for negotiation. 21.5% of homes sell above their asking price. 23.7% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
68
Contributing Factors
How This Market Compares
vs. National Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 40% below the national median, which could indicate stronger cash flow potential.
Michigan Market Trends
Median Sale Price
Median Days on Market
Active Inventory
Homes Sold
Sale-to-List Ratio
Listings with Price Drops
Detailed Market Metrics
Median List Price
$261K
Price per Sq Ft
$159
Sale-to-List Ratio
97.2%
Months of Supply
3.2
Sold Above List
21.5%
Price Drops
23.7%
New Listings
7,459
↓ 10.1% YoY
Pending Sales
7,771
Metro Areas in Michigan
Warren, MI metro area
$306K median
45 days
on market
Detroit, MI metro area
$180K median
47 days
on market
Grand Rapids, MI metro area
$335K median
33 days
on market
Lansing, MI metro area
$200K median
61 days
on market
Flint, MI metro area
$195K median
45 days
on market
Kalamazoo, MI metro area
$265K median
30 days
on market
Ann Arbor, MI metro area
$400K median
79 days
on market
Traverse City, MI metro area
$387K median
79 days
on market
Jackson, MI metro area
$195K median
58 days
on market
Muskegon, MI metro area
$237K median
42 days
on market
Saginaw, MI metro area
$159K median
49 days
on market
Monroe, MI metro area
$255K median
57 days
on market
Niles, MI metro area
$247K median
78 days
on market
Battle Creek, MI metro area
$200K median
39 days
on market
Adrian, MI metro area
$220K median
65 days
on market
Holland, MI metro area
$324K median
36 days
on market
Bay City, MI metro area
$150K median
34 days
on market
Sturgis, MI metro area
$180K median
24 days
on market
Cadillac, MI metro area
$263K median
71 days
on market
Marquette, MI metro area
$225K median
59 days
on market
Midland, MI metro area
$230K median
46 days
on market
Mount Pleasant, MI metro area
$205K median
71 days
on market
Coldwater, MI metro area
$195K median
89 days
on market
Hillsdale, MI metro area
$240K median
90 days
on market
Escanaba, MI metro area
$174K median
84 days
on market
Big Rapids, MI metro area
$237K median
32 days
on market
Alma, MI metro area
$154K median
53 days
on market
Sault Ste. Marie, MI metro area
$180K median
120 days
on market
Iron Mountain, MI metro area
$112K median
71 days
on market
Houghton, MI metro area
$146K median
83 days
on market
Ludington, MI metro area
$235K median
54 days
on market
Alpena, MI metro area
$160K median
79 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.