Michigan Home Prices and Home Values

  • Zillow Home Value Index

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    Zillow Home Value Index
    Mid-point of Zestimate valuations for Michigan. Half the Zestimates are above this number and half are below it.
  • Median list price ($)

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    Median list price ($)
    Mid-point of the list price for homes listed on Zillow in Michigan, or the asking price.
  • Median sale price ($)

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    Median sale price ($)
    Mid-point of the price homes have sold for in Michigan. Half the homes sold above this number and half sold below.
  • Zillow Rent Index

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    Zillow Rent Index
    Mid-point of Rent Zestimates—Zillow's estimated monthly rent price—for homes in Michigan. Half the Rent Zestimates are above this number and half are below it.
  • Median rent list price ($)

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    Median rent list price ($)
    Mid-point of the rental price for homes listed for rent on Zillow in the Michigan. Half the homes have rent prices above this number and half are below.
  • Total homes sold

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    Total homes sold
    Total number of homes sold in Michigan during the prior 30 days.
  • Median value per sq. ft. ($)

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    Median value per sq. ft. ($)
    Mid-point of the value of all homes in Michigan, per square foot. This is derived by taking the Zestimate for each home and dividing it by the homes square footage (e.g. a 1,000 sq ft home with a Zestimate of $200k has a $200 value/sq foot).
  • Median list price / sq. ft. ($)

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    Median list price / sq. ft. ($)
    Mid-point of Michigans list prices when divided by the square footage of a home (e.g. a 1,000 sq ft home with a list price of $200k has a list price/sq ft of $200).
  • Median sale price / sq. ft. ($)

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    Median sale price / sq. ft. ($)
    Mid-point of Michigans sale prices when divided by the square footage of a home (e.g. a 1,000 sq ft home that sold for $200k has a sale price/sq ft of $200).
  • Rent estimate / sq. ft. ($)

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    Rent estimate / sq. ft. ($)
    Mid-point of the estimated monthly rent price of all homes in Michigan, per square foot. This is derived by taking the Rent Zestimate for each home and dividing it by the homes square footage (e.g. a 1,000 sq ft home with a Rent Zestimate of $2000 per month has a $2 value/sq foot).
  • Median rent list price / sq. ft. ($)

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    Median rent list price / sq. ft. ($)
    Mid-point of Michigans rent when divided by the square footage of a home (e.g. a 1,000 sq ft home with a rent of $1,200 has a rent/sq ft of $12).
  • Median sale-to-list price ratio

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    Median sale-to-list price ratio
    Mid-point of the ratio between the sale price and the list price for all homes in Michigan (e.g. if a home with a list price of $200k sells for $250k, its ratio would be 5:4 or 1.25).
  • Listings with price cut (%)

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    Listings with price cut (%)
    The percentage of current listings on Zillow in Michigan whose price has been reduced in the last 30 days.
  • Median price cut (%)

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    Median price cut (%)
    Mid-point of the percentage of price reduction for homes in Michigan whose prices have been reduced in the past full month.
  • Sold for loss (%)

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    Sold for loss (%)
    The percentage of homes in Michigan that sold for less than the previous purchase price (e.g. a home purchased for $250k and then sold for $225k). This excludes foreclosure transactions.
  • Sold for gain (%)

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    Sold for gain (%)
    The percentage of homes sold for more than their previous purchase price (e.g. a home purchased for $225k and then sold for $250k).
  • Homes foreclosed

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    Homes foreclosed
    Number of homes in Michigan that have been foreclosed but not yet resold to a private party. Expressed as a ratio (foreclosed homes per 10,000 total homes). It does not include homes for which the foreclosure process has started but not yet finished.
  • Foreclosure re-sales (%)

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    Foreclosure re-sales (%)
    The percentage of home sales in a given month in Michigan where the home was foreclosed upon within the previous 12 months (e.g. sales of bank-owned homes after the bank repossessed a home during a foreclosure).
  • Increasing values (%)

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    Increasing values (%)
    The percentage of homes in Michigan whose values have increased in the past year.
  • Decreasing values (%)

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    Decreasing values (%)
    The percentage of all homes in Michigan whose value has fallen in the last year.
  • Sold in past year (%)

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    Sold in past year (%)
    The percentage of all homes in Michigan that were sold in the past 12 months.
  • $118,900
  • 8.4%Y-o-Y
  • Calculated 06/17/2014*
  • *Includes data and transactions through 05/31/2014
 
 
 
 
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This data is not available for Michigan.

RegionId
Region
M-o-M
Q-o-Q
Y-o-Y
May 2014
30
0.5%
1.3%
8.4%
118900
394302
1.6%
3.8%
10.9%
102600
394317
1.2%
3.2%
11.7%
140400
394319
-1.7%
0.5%
15.9%
83200
394320
394332
1.2%
3.1%
13.3%
220100
394368
-0.6%
-0.8%
8.6%
85700
394369
-0.2%
-0.2%
2.5%
82600
394384
2.1%
2.8%
4.6%
91600
394431
394482
-2.9%
-7.1%
-0.2%
85200
394532
0.9%
2.5%
17.3%
110100
394573
394596
0.8%
2.7%
13.9%
79400
394640
0.2%
-0.2%
7.0%
126400
394684
0.3%
1.0%
5.7%
154500
394690
394708
394710
0.1%
-0.7%
4.6%
96500
394732
-0.9%
-2.6%
1.7%
116600
394770
0.7%
1.7%
7.8%
119500
394825
394829
394859
394873
1.2%
3.0%
8.5%
121500
394885
394896
0.6%
1.6%
6.6%
84100
394917
0.3%
1.2%
6.0%
122800
394950
395047
1.1%
2.2%
0.9%
65300
395069
395136
1.4%
2.3%
7.5%
96900
395163
 
Zillow Home Value IndexY-o-Y
Michigan$118,9008.4%
Wisconsin$155,0002.3%
Indiana$114,3001.6%
Ohio$114,2007.2%
Illinois$151,3006.1%
Kentucky$126,0003.7%
Mortgage Rates
 
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  1. 2039 W Iowa St # G, Chicago, IL Home For Sale
    2039 W Iowa St # G, Chicago, IL 60622

     For Sale: $174,500

    • Beds: 1
    • Sqft: --
    • Baths: 1.0
    • Lot: --
  2. 4520 E Lake Shore Dr, Wonder Lake, IL Home For Sale
    4520 E Lake Shore Dr, Wonder Lake, IL 60097

     For Sale: $89,900

    • Beds: 3
    • Sqft: 5748
    • Baths: 1.0
    • Lot: --
  3. 57870 Indian Trl, Ray, MI Home For Sale
    57870 Indian Trl, Ray, MI 48096

     For Sale: $229,900

    • Beds: 2
    • Sqft: 1500
    • Baths: 3.0
    • Lot: 95832
Coming Soon
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    7247 N Osceola Ave, Chicago, IL 60631

     Coming Soon: $275K

    • Beds: 2
    • Sqft: 1059
    • Baths: 1.0
    • Lot: 3750
  2. 1208 Barclay Cir, Inverness, IL ComingSoon Home
    1208 Barclay Cir, Inverness, IL 60010

     Coming Soon: $945K

    • Beds: 4
    • Sqft: 5494
    • Baths: 6.0
    • Lot: 57456
  3. 50 Harrison Ln, Reedsburg, WI ComingSoon Home
    50 Harrison Ln, Reedsburg, WI 53959

     Coming Soon: $259K

    • Beds: 4
    • Sqft: 3107
    • Baths: 3.0
    • Lot: 13504
Home Design Ideas and Photos