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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 days listed on Zillow
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Median days listed on Zillow

Mid-point of number of days homes in Michigan have been listed as active on Zillow.
Homes for sale on Zillow
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Homes for sale on Zillow

Total number of homes listed on Zillow that are for sale in Michigan.
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 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).
Median list-to-sale price ratio
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Median list-to-sale price ratio

Mid-point of the ratio between the list price and the sold price for all homes in Michigan (e.g. if a home with a list price of $250k sells for $200k, 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 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 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.

$104,800
-13.4% Y-o-Y

Calculated 10/03/2009^*
^*Includes data and transactions through 08/31/2009

Embed this chart: Zillow Home Value Index

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RegionId	Region	M-o-M	Q-o-Q	Y-o-Y	Aug 2009
30	Michigan	-0.3%	-1.3%	-13.4%	104800
394302	Adrian Metro
394317	Allegan Metro
394319	Alma Metro
394320	Alpena Metro
394332	Ann Arbor Metro	0.4%	1.1%	-6.7%	177900
394368	Battle Creek Metro	0.0%	-0.6%	-13.0%	86300
394369	Bay City Metro	1.6%	4.6%	-2.2%	86000
394384	Big Rapids Metro
394431	Cadillac Metro
394482	Coldwater Metro
394532	Detroit Metro	-1.1%	-3.4%	-23.0%	99400
394573	Escanaba Metro
394596	Flint Metro
394640	Grand Rapids Metro	0.1%	0.3%	-7.7%	117500
394684	Holland Metro
394690	Houghton Metro
394708	Iron Mountain Metro
394710	Jackson Metro
394732	Kalamazoo Metro	1.6%	4.0%	-2.6%	119900
394770	Lansing Metro	-0.9%	-2.4%	-12.9%	115700
394825	Marinette Metro
394829	Marquette Metro
394859	Midland Metro
394873	Monroe Metro
394885	Mount Pleasant Metro
394896	Muskegon Metro	0.4%	1.5%	0.6%	76600
394917	Niles Metro
394950	Owosso Metro
395047	Saginaw Metro
395069	Sault Ste. Marie Metro
395136	Sturgis Metro
395163	Traverse City Metro

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Compare States Near Michigan

Zillow Home Value Index		Y-o-Y
Michigan	$104,800	-13.4%
Wisconsin	$161,900	-1.3%
Ohio	$115,800	-0.7%
Illinois	$173,900	-10.7%
Kentucky	$107,300	0.2%
West Virginia	$109,900	4.9%

See more states near Michigan

Zillow Mortgage Marketplace

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Average Rates	Today	Last Week
30 Year Fixed	4.76%	4.81%
15 Year Fixed	4.26%	4.28%

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Rate

30 year fixed	5.00%	0 min ago
15 year fixed	4.25%	0 min ago
30 year fixed	4.62%	0 min ago
15 year fixed	4.25%	0 min ago
15 year fixed	4.25%	0 min ago
30 year fixed	4.88%	0 min ago
15 year fixed	4.12%	0 min ago
15 year fixed	4.25%	0 min ago
15 year fixed	4.25%	0 min ago
15 year fixed	4.38%	0 min ago
15 year fixed	4.38%	0 min ago
15 year fixed	4.50%	0 min ago
15 year fixed	4.25%	0 min ago
15 year fixed	4.25%	0 min ago
15 year fixed	4.38%	0 min ago
15 year fixed	4.25%	0 min ago
10 year fixed	4.38%	0 min ago
15 year fixed	4.25%	0 min ago
10 year fixed	4.38%	0 min ago
15 year fixed	4.38%	0 min ago
30 year fixed	4.88%	0 min ago
10 year fixed	4.38%	0 min ago
15 year fixed	4.38%	0 min ago
10 year fixed	4.25%	0 min ago
15 year fixed	4.25%	0 min ago
30 year fixed	5.00%	0 min ago
15 year fixed	4.25%	0 min ago
10 year fixed	4.25%	0 min ago
15 year fixed	4.25%	0 min ago
15 year fixed	4.25%	0 min ago
5/1 ARM	3.62%	0 min ago
7/1 ARM	3.88%	0 min ago
15 year fixed	4.25%	0 min ago
15 year fixed	4.25%	0 min ago
15 year fixed	4.38%	0 min ago
15 year fixed	4.38%	0 min ago
15 year fixed	4.38%	0 min ago
15 year fixed	4.25%	0 min ago
15 year fixed	4.25%	0 min ago
30 year fixed	4.88%	0 min ago
30 year fixed (FHA ...	4.75%	0 min ago
30 year fixed	4.88%	0 min ago
20 year fixed	4.75%	0 min ago
30 year fixed	4.88%	0 min ago
5/1 ARM	3.75%	1 min ago
20 year fixed	4.75%	1 min ago
30 year fixed	5.00%	1 min ago
30 year fixed	4.88%	1 min ago
30 year fixed	4.62%	1 min ago

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For Sale Michigan Homes

$109,900
6912 Cairn Hwy, Kewadin, MI 49648

$129,000
14961 70th Ave, Evart, MI 49631

$189,500
50 W Avenue 1n, Riverside, IL 60546

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Michigan Home Prices and Home Values

Zillow Home Value Index

Median list price ($)

Median sale price ($)

Median days listed on Zillow

Homes for sale on Zillow

Total homes sold

Median value per sq. ft. ($)

Median list price per sq. ft. ($)

Median sale price per sq. ft. ($)

Median list-to-sale price ratio

Listings with price cut (%)

Median price cut (%)

Sold for loss (%)

Sold for gain (%)

Homes foreclosed (%)

Foreclosure re-sales (%)

Increasing values (%)

Decreasing values (%)