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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.
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 $200 value/sq foot).
Median sale price per sq. ft. ($)
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Median sale price per sq. ft. ($)

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

The percentage of all homes in Michigan that were foreclosed in a given month. A foreclosure is when a homeowner loses their home to their lending institution of it is sold to a third party at an auction.
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).
Median down payment ($)
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Median down payment ($)

Mid-point amount of down payments made on homes in Michigan.
Median down payment (%)
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Median down payment (%)

Mid-point of the percentage of home value made in a down payment (e.g. a down payment of $20k on a $100k home is a down payment of 20%). The percentage takes into account all down payments made in Michigan.
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.
Property tax ($)

$106,900
-- Y-o-Y

Calculated 07/01/2009^*
^*Includes data and transactions through 03/31/2009

RegionId	Region	M-o-M	Q-o-Q	Y-o-Y	Current
30	Michigan				106900
394302	Adrian Metro	-3.0%	-8.1%	19.4%	140700
394317	Allegan Metro				122100
394319	Alma Metro
394320	Alpena Metro
394332	Ann Arbor Metro	-2.9%	-8.8%	-21.0%	156500
394368	Battle Creek Metro				86600
394369	Bay City Metro	1.6%	0.6%	-15.1%	79100
394384	Big Rapids Metro				116200
394431	Cadillac Metro
394482	Coldwater Metro
394532	Detroit Metro	-1.7%	-5.8%	-22.5%	101200
394573	Escanaba Metro
394596	Flint Metro	3.0%	8.3%	-6.7%	82800
394640	Grand Rapids Metro	0.2%	-1.0%	-12.7%	115800
394684	Holland Metro				134600
394690	Houghton Metro
394708	Iron Mountain Metro
394710	Jackson Metro				97700
394732	Kalamazoo Metro				111200
394770	Lansing Metro	-0.8%	-2.6%	-15.8%	116000
394825	Marinette Metro
394829	Marquette Metro
394859	Midland Metro
394873	Monroe Metro	-2.9%	-8.4%	-23.4%	109000
394885	Mount Pleasant Metro
394896	Muskegon Metro	1.5%	4.2%	-3.8%	75700
394917	Niles Metro				123200
394950	Owosso Metro				117200
395047	Saginaw Metro	-1.1%	-3.6%	-19.9%	62600
395069	Sault Ste. Marie Metro
395136	Sturgis Metro				87500
395163	Traverse City Metro

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Compare States Near Michigan

Zillow Home Value Index		Y-o-Y
Michigan	$106,900	--
Wisconsin	$154,400	--
Indiana	$108,000	--
Ohio	$109,600	--
Illinois	$174,800	--
Kentucky	$101,500	--

See more states near Michigan

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Average Rates	Today	Last Week
30 Year Fixed	5.41%	5.35%
15 Year Fixed	4.70%	4.77%

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30 year fixed	5.12%	3 min ago
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30 year fixed	5.12%	3 min ago
15 year fixed	4.62%	4 min ago
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30 year fixed (FHA ...	5.00%	4 min ago
15 year fixed (FHA ...	4.50%	4 min ago
30 year fixed (FHA ...	5.00%	4 min ago
10 year home equit ...	4.88%	4 min ago
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10/1 ARM, Jumbo ...	5.75%	5 min ago
15 year fixed	4.88%	5 min ago
30 year fixed	5.38%	5 min ago
30 year fixed	5.75%	5 min ago
30 year fixed	5.38%	5 min ago
30 year fixed	5.00%	5 min ago
30 year fixed	5.75%	5 min ago
30 year fixed	5.75%	5 min ago
30 year fixed	6.25%	5 min ago
15 year fixed	4.75%	5 min ago
30 year fixed	5.25%	5 min ago
15 year fixed	4.88%	5 min ago
30 year fixed	5.50%	5 min ago
15 year fixed	4.75%	5 min ago
30 year fixed	5.25%	5 min ago
30 year fixed (FHA ...	5.50%	5 min ago
30 year fixed	5.00%	5 min ago
15 year fixed (FHA ...	4.50%	5 min ago
30 year fixed (FHA ...	5.25%	5 min ago
30 year fixed (FHA ...	5.00%	6 min ago
30 year fixed	5.00%	6 min ago
30 year fixed	5.12%	6 min ago
10 year fixed	4.50%	6 min ago
20 year fixed	5.25%	6 min ago
5/1 ARM (FHA)	4.25%	6 min ago
15 year fixed (FHA ...	4.50%	6 min ago
30 year fixed (FHA ...	5.12%	6 min ago
30 year fixed	5.00%	6 min ago
15 year fixed	5.25%	7 min ago
30 year fixed	6.25%	7 min ago
30 year fixed (FHA ...	5.00%	7 min ago
5/1 ARM	6.75%	7 min ago
15 year fixed	4.62%	7 min ago
30 year fixed	5.38%	7 min ago
15 year fixed, ...	5.62%	7 min ago
30 year fixed	5.00%	7 min ago

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For Sale Michigan Homes

$96,000
Near Great Lakes Rd, Wakefield, MI 49968

$129,900
1400 Laemle Ave, Marshfield, WI 54449

$119,900
Lunt Ave, Chicago, IL 60626

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Michigan Home Prices and Home Values

Zillow Home Value Index

Median list price ($)

Median sale price ($)

Median value per sq. ft. ($)

Median sale price per sq. ft. ($)

Sold for loss (%)

Sold for gain (%)

Homes foreclosed (%)

Foreclosure re-sales (%)

Median down payment ($)

Median down payment (%)

Increasing values (%)

Decreasing values (%)

Sold in past year (%)

Property tax ($)

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Nearby States

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Michigan Home Prices and Home Values

Zillow Home Value Index

Median list price ($)

Median sale price ($)

Median value per sq. ft. ($)

Median sale price per sq. ft. ($)

Sold for loss (%)

Sold for gain (%)

Homes foreclosed (%)

Foreclosure re-sales (%)

Median down payment ($)

Median down payment (%)

Increasing values (%)

Decreasing values (%)

Sold in past year (%)

Property tax ($)

This data is not available for Michigan.

You've selected too many metros for comparison.

Compare States Near Michigan

Zillow Mortgage Marketplace

Zillow© Mortgage Marketplace

For Sale Michigan Homes

Related Links

Zillow Home Values

Real Estate in Michigan Counties

Real Estate in Top Cities

Zillow^© Mortgage Marketplace