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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.

3.61%
-3.5% Y-o-Y

Calculated 11/02/2009^*
^*Includes data and transactions through 09/30/2009

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RegionId	Region	M-o-M	Q-o-Q	Y-o-Y	Sep 2009
30	Michigan	-3.5%	-6.8%	-3.5%	3.61%
3344	Albion	-4.8%	-21.6%	-45.9%	1.97%
16724	Allen Park	-1.6%	0.6%	30.1%	4.15%
37097	Alma
43983	Auburn Hills	2.1%	7.3%	17.2%	5.79%
37303	Battle Creek	-13.7%	-34.3%	-48.0%	2.25%
37306	Bay City	-12.9%	-32.0%	-46.2%	2.65%
166526	Beecher	-13.9%	-31.1%	-32.6%	1.45%
37385	Benton Harbor	-17.4%	-34.5%	-56.8%	1.39%
37392	Berkley	0.0%	-2.8%	-1.9%	4.82%
23696	Beverly Hills	1.2%	18.8%	10.1%	4.10%
17035	Birmingham	2.7%	2.7%	15.0%	5.57%
44203	Bloomfield Township	0.3%	-2.6%	1.9%	3.78%
37576	Brighton	-3.2%	-7.0%	-11.1%	3.47%
10581	Brownstown	4.5%	9.9%	30.7%	4.59%
166684	Buena Vista	-12.0%	-18.5%	-21.4%	0.75%
3905	Burton	-18.2%	-39.6%	-46.7%	1.75%
21714	Cadillac
10700	Canton	-1.5%	3.3%	5.8%	4.45%
51287	Carrollton	0.0%	-25.0%	-61.8%	0.90%
37807	Center Line	-7.1%	-9.8%	31.7%	5.22%
21554	Charlotte	-8.0%	-19.8%	-28.1%	2.15%
24063	Chesterfield	-2.5%	-5.7%	6.6%	3.72%
10845	Clawson	1.5%	3.6%	-1.5%	4.33%
37933	Clinton Township	-6.8%	-9.7%	1.0%	2.92%
17546	Commerce Township	-0.3%	-1.7%	2.1%	5.09%
51510	Comstock Park	0.0%	2.0%	-10.6%	4.46%
4287	Cutlerville	-5.2%	-1.6%	-29.8%	3.94%
24336	Dearborn	2.2%	11.1%	44.6%	7.45%
44878	Dearborn Heights	0.2%	9.6%	52.0%	6.86%
17762	Detroit	-1.4%	-1.1%	19.3%	5.74%
24491	East Grand Rapids	0.5%	0.0%	-5.4%	4.82%
38289	East Lansing	-13.1%	-49.3%	-56.8%	1.45%
11246	Eastpointe	-3.3%	-5.9%	20.9%	6.33%
167077	Eastwood	-10.7%	-28.6%	-20.6%	2.50%
45074	Ecorse	-5.5%	-7.3%	21.8%	4.42%
167155	Fair Plain	-23.5%	-37.1%	-48.0%	1.66%
51995	Farmington	-1.3%	-10.1%	2.0%	4.53%
45243	Farmington Hills	-0.3%	-1.9%	-1.4%	4.70%
57229	Ferndale	-1.3%	-1.8%	11.7%	7.45%
11448	Flat Rock	2.8%	9.8%	60.4%	4.76%
31590	Forest Hills	-0.3%	-3.5%	-24.8%	3.67%
52064	Fort Gratiot
31648	Fraser	-10.6%	-10.0%	-10.0%	2.71%
38645	Garden City	1.2%	12.6%	75.3%	6.18%
38756	Grand Ledge	-23.8%	-45.8%	-57.9%	1.31%
52291	Grandville	-0.5%	5.8%	2.3%	4.19%
11725	Greenville	-18.0%	-41.2%	-60.6%	1.81%
45581	Grosse Ile	-2.8%	2.2%	32.1%	2.97%
38813	Grosse Pointe Farms	1.9%	0.6%	-4.8%	3.89%
52347	Grosse Pointe Park	5.9%	11.2%	37.5%	4.76%
18404	Grosse Pointe Woods	3.5%	2.1%	10.6%	3.55%
31931	Hamtramck	-0.3%	-1.4%	4.6%	5.62%
38899	Harper Woods	1.4%	8.3%	84.5%	9.23%
398373	Harrison	-5.5%	-8.3%	-1.0%	2.95%
45680	Haslett	-14.5%	-37.2%	-43.3%	1.89%
31988	Hazel Park	-0.4%	-1.0%	8.1%	10.01%
38990	Highland Park	-5.5%	-19.3%	-14.5%	2.94%
28511	Hillsdale
11947	Holly	-0.7%	-0.7%	3.4%	8.70%
32065	Holt	-21.0%	-39.5%	-41.7%	1.81%
52587	Howell	-4.7%	-5.3%	-22.8%	4.99%
32105	Hudsonville	-11.6%	-38.7%	-46.5%	1.96%
5241	Huntington Woods	-2.2%	7.3%	31.3%	3.62%
49225	Independence	0.2%	-0.2%	-8.2%	4.57%
39109	Inkster	0.2%	-1.5%	36.5%	6.96%
52641	Ionia
25270	Ironwood
45911	Jackson	-16.7%	-42.5%	-64.8%	0.62%
5339	Jenison	-22.6%	-44.8%	-59.9%	1.41%
25383	Kentwood	0.5%	2.2%	-6.7%	5.71%
25493	Lambertville	6.6%	3.2%	-8.4%	3.19%
12313	Lapeer
15805	Lincoln Park	-0.8%	5.8%	79.9%	8.14%
32542	Livonia	-0.9%	6.0%	20.2%	3.45%
39538	Ludington
53100	Macomb Township	-4.7%	-9.8%	-14.4%	3.39%
49477	Madison Heights	0.2%	0.6%	10.3%	6.45%
25763	Marshall	-8.1%	-18.6%	-26.9%	2.55%
5833	Marysville
25779	Mason	-15.6%	-35.6%	-28.3%	2.22%
5900	Melvindale	2.5%	7.4%	55.9%	6.94%
19486	Mount Clemens	-3.8%	-7.5%	15.1%	4.53%
46642	Mount Pleasant
53471	Muskegon Heights	-8.5%	-19.5%	-35.8%	3.14%
6139	New Baltimore	-1.3%	-6.3%	4.9%	3.59%
12985	Niles	-14.9%	-37.5%	-53.5%	1.27%
168163	Northview	1.8%	2.4%	-15.3%	3.32%
46821	Norton Shores	-11.7%	-24.9%	-44.3%	1.51%
26225	Novi	-0.1%	4.0%	-9.1%	4.31%
26241	Oak Park	-2.2%	-2.7%	3.2%	8.11%
19723	Oakland	-3.1%	-7.5%	-22.2%	3.90%
6294	Okemos	-13.1%	-47.5%	-60.3%	1.25%
40176	Orion	-2.6%	-2.3%	-5.0%	4.54%
6368	Owosso
396716	Plymouth Township	-1.7%	2.0%	-1.9%	3.44%
6562	Pontiac	-1.2%	-1.9%	-0.1%	9.25%
13370	Portage	-17.8%	-41.4%	-49.1%	1.63%
26713	Redford	0.7%	6.7%	69.5%	7.62%
54157	River Rouge	-3.3%	-1.3%	-15.9%	4.25%
40584	Riverview	0.7%	12.2%	24.3%	3.66%
47415	Rochester	4.6%	1.1%	0.0%	4.24%
54179	Rochester Hills	2.6%	5.1%	-0.2%	4.00%
54201	Romulus	3.9%	8.0%	51.6%	8.48%
20245	Roseville	-2.0%	-3.5%	19.0%	4.69%
396178	Saginaw Township North	-17.1%	-41.7%	-62.2%	1.27%
396733	Saginaw Township South	-13.9%	-30.6%	-58.0%	1.43%
9504	Saint Clair
6884	Saint Clair Shores	-5.5%	-12.1%	-11.6%	2.99%
20307	Saint Johns	-8.3%	-25.8%	-4.3%	2.69%
23008	Saint Joseph	-23.7%	-50.0%	-66.7%	1.15%
33825	Saline	-11.7%	-17.8%	-33.7%	3.13%
47581	Sault Sainte Marie
40868	Shelby Township	-3.8%	-7.3%	-6.2%	2.73%
168652	Shields	-23.8%	-34.7%	-62.8%	1.25%
27181	South Lyon	-2.5%	2.6%	-8.1%	5.17%
168716	South Monroe	0.0%	-2.7%	2.9%	3.15%
27195	Southfield	-1.4%	0.1%	16.5%	9.77%
16309	Southgate	-0.4%	10.4%	66.6%	5.06%
47847	Sterling Heights	-3.8%	-10.1%	-7.5%	2.86%
20696	Sturgis	-9.2%	-23.4%	-18.1%	2.20%
7378	Taylor	-0.7%	4.5%	47.9%	6.32%
16062	Tecumseh
34247	Temperance	-1.9%	-1.9%	-5.4%	3.34%
50031	Three Rivers	-15.7%	-24.6%	-23.2%	2.28%
41271	Traverse City
9447	Trenton	0.0%	8.9%	22.2%	3.79%
7476	Troy	1.5%	3.7%	-2.4%	3.53%
50009	Walker	7.0%	6.2%	1.8%	3.94%
48311	Walled Lake	5.1%	-2.0%	-8.8%	5.63%
21159	Warren	-5.9%	-10.8%	-1.3%	3.95%
41574	Waterford	-0.4%	1.4%	3.9%	6.11%
169009	Waverly	-11.6%	-28.8%	-35.4%	1.74%
7798	Wayne	1.4%	0.5%	35.6%	6.67%
34725	West Bloomfield	0.0%	0.6%	1.1%	4.94%
7883	Westland	0.4%	5.5%	51.1%	6.11%
34793	Westwood	-6.7%	-28.6%	-23.1%	2.47%
21281	White Lake	-1.7%	-0.2%	-2.4%	5.17%
27939	Whitmore Lake	-10.4%	-17.3%	-12.2%	3.12%
23353	Wixom	-2.3%	-8.0%	-5.3%	4.10%
57320	Woodhaven	2.8%	15.1%	39.0%	5.17%
48589	Wyandotte	0.4%	6.1%	40.4%	5.29%
14730	Wyoming	-1.9%	0.1%	-4.2%	6.51%
8043	Ypsilanti	-5.7%	-10.7%	-6.9%	4.66%

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Average Rates	Today	Last Week
30 Year Fixed	4.81%	4.60%
15 Year Fixed	4.22%	4.17%

20 year fixed	4.75%	2 min ago
30 year fixed	4.88%	2 min ago
30 year fixed (FHA ...	4.75%	2 min ago
30 year fixed (FHA ...	4.75%	2 min ago
30 year fixed	4.88%	2 min ago
30 year fixed (FHA ...	5.00%	2 min ago
30 year fixed	4.88%	2 min ago
30 year fixed (FHA ...	4.88%	3 min ago
5/1 ARM (FHA)	4.38%	3 min ago
30 year fixed (FHA ...	4.75%	3 min ago
10 year fixed	4.62%	3 min ago
20 year fixed	4.75%	3 min ago
10 year fixed	4.25%	3 min ago
20 year fixed	4.62%	3 min ago
30 year fixed (FHA ...	4.75%	3 min ago
30 year fixed	4.75%	3 min ago
10 year fixed	4.62%	3 min ago
5/1 ARM	4.00%	3 min ago
20 year fixed	4.88%	3 min ago
30 year fixed (FHA ...	4.75%	3 min ago
20 year fixed	4.75%	3 min ago
30 year fixed	5.00%	3 min ago
10 year fixed	4.12%	3 min ago
20 year fixed	4.62%	3 min ago
30 year fixed	4.62%	3 min ago
20 year fixed	5.12%	3 min ago
30 year fixed (FHA ...	5.00%	3 min ago
20 year fixed	4.50%	3 min ago
20 year fixed	4.62%	3 min ago
20 year fixed	4.75%	3 min ago
30 year fixed	4.50%	3 min ago
30 year fixed (Int ...	5.75%	3 min ago
30 year fixed	4.62%	3 min ago
30 year fixed	4.75%	3 min ago
5/1 ARM	3.75%	3 min ago
30 year fixed	4.38%	3 min ago
20 year fixed	4.75%	3 min ago
30 year fixed	4.75%	3 min ago
30 year fixed	4.25%	3 min ago
30 year fixed (FHA ...	4.75%	3 min ago
20 year fixed	4.75%	3 min ago
30 year fixed	4.75%	3 min ago
30 year fixed	4.75%	3 min ago
20 year fixed	4.38%	3 min ago
20 year fixed	4.62%	3 min ago
20 year fixed	4.25%	3 min ago
20 year fixed	4.75%	3 min ago
30 year fixed	4.88%	3 min ago
30 year fixed	5.00%	3 min ago

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Median value per sq. ft. ($)

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Sold for loss (%)

Sold for gain (%)

Homes foreclosed (%)

Foreclosure re-sales (%)

Increasing values (%)

Decreasing values (%)

Sold in past year (%)

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Sold in past year (%)		Y-o-Y
Michigan	3.61%	-3.5%
Wisconsin	2.07%	-36.3%
Ohio	3.09%	-25.7%
Illinois	2.58%	-20.4%
Kentucky	1.71%	-44.6%
West Virginia	0.23%	-42.2%

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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 (%)

Sold in past year (%)

This data is not available for Michigan.

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