State housing market
Michigan housing market
The latest Michigan home prices, inventory, and days-on-market — with month-over-month and year-over-year trends and how it stacks up nationally. The typical Michigan home is 27.9% lower than the U.S. typical value of $370K.
Data as of May 2026.
Latest market snapshot
Home value
$267K
May 2026
Sale price
$298K
May 2026
Days on market
24 days
May 2026
Inventory
25,751
May 2026
Months supply
3
May 2026
Homes sold
9,856
May 2026
Sale-to-list
99.5%
May 2026
What the numbers say
- ·Typical home value (ZHVI) is $266,964 — +0.1% month over month, +4.2% year over year.
- ·Median sale price is $297,900 — +5.5% month over month, +4.6% year over year.
- ·Median days on market is 24 days — -20.0% month over month, +4.3% year over year.
- ·Homes for sale is 25,751 — +7.8% month over month, +2.2% year over year.
13-month trends
Metro areas in Michigan
| Metro area | Typical home value |
|---|---|
| Detroit, MI | $269K |
| Grand Rapids, MI | $360K |
| Lansing, MI | $250K |
| Flint, MI | $198K |
| Ann Arbor, MI | $423K |
| Kalamazoo, MI | $280K |
| Saginaw, MI | $173K |
| Muskegon, MI | $255K |
| Jackson, MI | $227K |
| Niles, MI | $282K |
| Monroe, MI | $269K |
| Traverse City, MI | $422K |
Sources & methodology
Every figure on this page is drawn from authoritative public housing and mortgage data, refreshed monthly. Home values shown as ZHVI are a smoothed typical-value index, not raw sale prices. We cite openly so you can verify.