$129,900
- 0 bd
- 2 ba
- - sqft
218 W Main St
Michigan Housing Market
$263,760
3.8% 1-yrThe average Michigan home value is $263,760, up 3.8% over the past year, and homes go to pending in around 16 days. (Updated on )
What is the Zillow Home Values Index?
Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.
Michigan Key Takeaways
Typical Home Values: $263,760
1-Year Value Change: +3.8%
(Data through September 30, 2026)
Michigan Housing Market Overview
1-Year Market Forecast: --
For Sale Inventory: 39,682 ()
New Listings: 13,469 ()
Median Sale to List Ratio: 1.000 ()
Median Sale Price: $285,000 ()
Median List Price: $288,267 ()
Percent of Sales Over List Price: 38.1% ()
Percent of Sales Under List Price: 44.7% ()
Median Days to Pending: 16 ()
(Metric availability is based on market coverage and data, housing data available for download in the Housing Data page)
How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Cities in Michigan
- NameMedian ZHVI
- Cedar$521,366
- Lake Leelanau$900,360
- Suttons Bay$652,616
- Traverse City$444,107
- Maple City$618,467
- Leland$1,243,994
- Glen Arbor$672,030
- Lake Ann$406,098
- Empire$640,658
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Michigan Rental Market Trends
Average Rent: --
National Average Rent: $1,932 ()
Month-Over-Month Change: --
Year-Over-Year Change: --
How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
Frequently Asked Questions
What are current home values in Michigan?
The median home value in Michigan is $263,760 as of September 2026. This represents a 3.8% increase year-over-year.
How do home values in Michigan compare to the national average?
The median home value in Michigan ($263,760) is lower than the U.S. national median ($366,157), representing a 28.0% difference.
Which counties in Michigan have the highest home values?
The counties with the highest median home values in Michigan include: Leelanau County ($652,394), Emmet County ($437,678), Grand Traverse County ($417,443), Charlevoix County ($413,637), Washtenaw County ($411,983).
What metros in Michigan have the fastest growing home values?
Metro areas with the highest year-over-year home value growth in Michigan include: Niles, MI (7.0%), Bay City, MI (6.5%), South Bend, IN (6.3%), Monroe, MI (6.1%), Saginaw, MI (5.4%).
