$0
3 bd1 ba1,584 sqft
4285 Forest St
Michigan Housing Market
$254,230
3.8% 1-yrThe average Michigan home value is $254,230, up 3.8% over the past year, and homes go to pending in around 30 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: $254,230
1-Year Value Change: +3.8%
(Data through February 28, 2026)
Michigan Housing Market Overview
1-Year Market Forecast: --
For Sale Inventory: 25,675 ()
New Listings: 6,139 ()
Median Sale to List Ratio: 0.985 ()
Median Sale Price: $247,333 ()
Median List Price: $249,467 ()
Percent of Sales Over List Price: 25.7% ()
Percent of Sales Under List Price: 57.4% ()
Median Days to Pending: 30 ()
(Metric availability is based on market coverage and data)
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$489,491
- Lake Leelanau$835,321
- Suttons Bay$598,415
- Traverse City$427,667
- Maple City$579,758
- Leland$1,106,252
- Glen Arbor$594,784
- Lake Ann$386,757
- Empire$608,126
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Michigan Rental Market Trends
Average Rent: --
National Average Rent: $1,895 ()
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.
