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 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 $200 value/sq foot).
Median list price per sq. ft. ($)
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Median list price per 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 $200).
Median sale price per sq. ft. ($)
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Median sale price per 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 $200).
Median rent list price per sq. ft. ($)
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Median rent list price per 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 (%)
The 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
The number of homes in the Michigan per 10,000 that were foreclosed in a given month. A foreclosure is when a homeowner loses their home to their lending institution or 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).
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.

$100,000
--Y-o-Y

Calculated 02/01/2012^*
^*Includes data and transactions through 01/31/2012

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RegionId	Region	M-o-M	Q-o-Q	Y-o-Y	Jan 2012
30	Michigan	0.1%	-9.0%	0.0%	100000
394302	Adrian Metro	0.6%	-1.4%	-0.5%	98500
394317	Allegan Metro	-1.3%	-3.0%	4.6%	159900
394319	Alma Metro	3.9%	-1.4%	6.7%	77900
394320	Alpena Metro	1.1%	2.1%	4.9%	97000
394332	Ann Arbor Metro	-2.8%	-5.5%	3.0%	170000
394368	Battle Creek Metro	5.3%	3.1%	3.1%	78900
394369	Bay City Metro	6.6%	-0.5%	14.8%	74500
394384	Big Rapids Metro	0.0%	0.0%	-0.1%	119900
394431	Cadillac Metro	1.2%	-4.9%	-12.8%	95000
394482	Coldwater Metro	0.0%	0.0%	-20.0%	79900
394532	Detroit Metro	0.0%	-5.9%	-2.6%	79900
394573	Escanaba Metro	3.5%	3.9%	22.7%	119000
394596	Flint Metro	0.2%	-7.7%	-11.8%	60000
394640	Grand Rapids Metro	2.6%	0.0%	6.1%	119900
394684	Holland Metro	3.3%	3.3%	3.3%	154900
394690	Houghton Metro	-3.3%	-6.2%	-8.7%	89000
394708	Iron Mountain Metro	4.0%	3.0%	19.6%	119500
394710	Jackson Metro	0.0%	-5.0%	0.0%	94900
394732	Kalamazoo Metro	0.0%	-3.9%	-3.1%	120000
394770	Lansing Metro	4.3%	-3.0%	-0.4%	109500
394825	Marinette Metro	-0.9%	-3.1%	-0.8%	109000
394829	Marquette Metro	0.7%	1.2%	0.0%	139900
394859	Midland Metro	-4.5%	-15.9%	-2.8%	105000
394873	Monroe Metro	-0.9%	-3.8%	0.0%	99000
394885	Mount Pleasant Metro	1.6%	-2.2%	10.5%	127000
394896	Muskegon Metro	5.6%	-5.0%	5.6%	94900
394917	Niles Metro	-0.8%	-6.3%	-3.7%	168500
394950	Owosso Metro	13.4%	-0.1%	2.4%	84900
395047	Saginaw Metro	0.1%	-2.4%	4.0%	78000
395069	Sault Ste. Marie Metro	2.4%	2.4%	18.8%	133000
395136	Sturgis Metro	0.0%	-5.0%	-4.0%	95000
395163	Traverse City Metro	-2.2%	-2.7%	-2.7%	175000

Median list price ($)		Y-o-Y
Michigan	$100,000	--
Wisconsin	$154,000	-3.7%
Indiana	$126,400	1.1%
Ohio	$119,900	--
Illinois	$159,900	-8.1%
Kentucky	$142,500	1.9%

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Michigan Home Prices and Home Values

Zillow Home Value Index

Median list price ($)

Median sale price ($)

Median rent list price ($)

Total homes sold

Median value per sq. ft. ($)

Median list price per sq. ft. ($)

Median sale price per sq. ft. ($)

Median rent list price per sq. ft. ($)

Median sale-to-list price ratio

Listings with price cut (%)

Median price cut (%)

Sold for loss (%)

Sold for gain (%)

Homes foreclosed

Foreclosure re-sales (%)

Increasing values (%)

Decreasing values (%)

Sold in past year (%)

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Michigan Home Prices and Home Values

Zillow Home Value Index

Median list price ($)

Median sale price ($)

Median rent list price ($)

Total homes sold

Median value per sq. ft. ($)

Median list price per sq. ft. ($)

Median sale price per sq. ft. ($)

Median rent list price per sq. ft. ($)

Median sale-to-list price ratio

Listings with price cut (%)

Median price cut (%)

Sold for loss (%)

Sold for gain (%)

Homes foreclosed

Foreclosure re-sales (%)

Increasing values (%)

Decreasing values (%)

Sold in past year (%)

This data is not available for Michigan.

E-mail successfully sent!Submission failed!

Compare States Near Michigan

Compare Mortgage Rates

Compare mortgage rates

For Sale Michigan Homes

Related Links

Zillow Dueling Digs