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
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.

3.16%
-19.1%Y-o-Y

Calculated 05/15/2012^*
^*Includes data and transactions through 04/30/2012

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RegionId	Region	M-o-M	Q-o-Q	Y-o-Y	Apr 2012
30	Michigan	-5.9%	-10.3%	-19.1%	3.16%
394302	Adrian Metro
394317	Allegan Metro
394319	Alma Metro
394320	Alpena Metro
394332	Ann Arbor Metro	-6.5%	-8.6%	-12.3%	3.86%
394368	Battle Creek Metro	-7.5%	-6.2%	-3.8%	2.77%
394369	Bay City Metro	-6.8%	-7.2%	-9.0%	3.58%
394384	Big Rapids Metro
394431	Cadillac Metro
394482	Coldwater Metro
394532	Detroit Metro	-5.4%	-9.3%	-16.4%	4.52%
394573	Escanaba Metro
394596	Flint Metro
394640	Grand Rapids Metro	-2.4%	-4.4%	-6.6%	4.15%
394684	Holland Metro
394690	Houghton Metro
394708	Iron Mountain Metro
394710	Jackson Metro
394732	Kalamazoo Metro	-8.9%	-16.3%	-17.1%	2.35%
394770	Lansing Metro	-9.3%	-20.5%	-30.7%	2.13%
394825	Marinette Metro
394829	Marquette Metro
394859	Midland Metro
394873	Monroe Metro
394885	Mount Pleasant Metro
394896	Muskegon Metro	-4.2%	3.8%	-1.6%	4.11%
394917	Niles Metro
394950	Owosso Metro
395047	Saginaw Metro
395069	Sault Ste. Marie Metro
395136	Sturgis Metro
395163	Traverse City Metro