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Michigan Real Estate & Property Data

Michigan Real Estate Market Trends
Last Updated: April 23, 2024

Get access to Michigan real estate data and housing market reports powered by the industry’s leading provider of real estate and property data, ATTOM. There have been 137,823 residential properties sold in the Michigan real estate market over the past 12 months. As of February 2024, the median home price in MI on single-family homes is $227,000. The median single-family home value for properties over the last 12 months is $238,153. Currently, the State of Michigan has 796 properties in foreclosure and 211 REOs (real estate bank owned).

See how easy it is to locate target properties in MI, build bespoke property reports, and create marketing lists from ATTOM’s Michigan real estate data.

Michigan Real Estate Market Trends
Get property data for any address in Michigan or the country:
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    • Zip Code: 60093
    • City: Chicago, IL
    • Address: 123 Main St, Chicago, IL
Total Residential Properties 3,845,049
Total Commercial Properties 304,624
Avg. Home Age (Single Family Home) 61 Years
Avg. Square Feet (Single Family Home) 1,581
Total 2024 Residential Sales (year-to-date) 17,555
% of Homes Seriously Underwater (Q2 2024) 0.84%
Total 2023 Residential Sales 129,725
% of Equity Rich Homes (Q2 2024) 30.3%
Effective 2023 Property Tax 1.04%
Total Foreclosure Filings (year-to-date) 1,692
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Michigan Real Estate Overview

There were 137,823 residential properties sold in the past year in Michigan. The median home value in Michigan is $238,153. There are a total of 3,845,049 residential properties in the MI.

Median Sales Price i
$227,000
(Feb 2024)
+8.1%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • February '24 Feb '24 $227,000
  • January '24 Jan '24 $218,000
  • December '23 Dec '23 $230,000
  • November '23 Nov '23 $230,000
  • October '23 Oct '23 $240,000
  • September '23 Sep '23 $249,900
  • August '23 Aug '23 $250,000
  • July '23 Jul '23 $251,000
  • June '23 Jun '23 $250,000
  • May '23 May '23 $240,000
  • April '23 Apr '23 $230,000
  • March '23 Mar '23 $225,000
Median Down Payment i
$20,000
(Feb 2024)
+14%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • February '24 Feb '24 $20,000
  • January '24 Jan '24 $20,000
  • December '23 Dec '23 $24,012
  • November '23 Nov '23 $22,500
  • October '23 Oct '23 $25,500
  • September '23 Sep '23 $27,000
  • August '23 Aug '23 $27,497
  • July '23 Jul '23 $26,950
  • June '23 Jun '23 $25,000
  • May '23 May '23 $23,000
  • April '23 Apr '23 $20,000
  • March '23 Mar '23 $19,550
Number of Homes Sold i
8,045
(Feb 2024)
+7.2%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • February '24 Feb '24 8,045
  • January '24 Jan '24 9,510
  • December '23 Dec '23 8,423
  • November '23 Nov '23 10,590
  • October '23 Oct '23 11,469
  • September '23 Sep '23 11,937
  • August '23 Aug '23 13,497
  • July '23 Jul '23 12,031
  • June '23 Jun '23 13,199
  • May '23 May '23 11,449
  • April '23 Apr '23 9,335
  • March '23 Mar '23 10,834
Number of Purchase Loans i
5,335
(Feb 2024)
+3.9%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • February '24 Feb '24 5,335
  • January '24 Jan '24 6,052
  • December '23 Dec '23 5,804
  • November '23 Nov '23 7,073
  • October '23 Oct '23 7,577
  • September '23 Sep '23 8,155
  • August '23 Aug '23 9,033
  • July '23 Jul '23 8,208
  • June '23 Jun '23 9,065
  • May '23 May '23 7,927
  • April '23 Apr '23 6,382
  • March '23 Mar '23 7,577
Number of REFI Loans i
5,059
(Feb 2024)
+19.4%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • February '24 Feb '24 5,059
  • January '24 Jan '24 5,247
  • December '23 Dec '23 4,561
  • November '23 Nov '23 5,790
  • October '23 Oct '23 6,142
  • September '23 Sep '23 5,758
  • August '23 Aug '23 6,667
  • July '23 Jul '23 5,767
  • June '23 Jun '23 6,221
  • May '23 May '23 5,607
  • April '23 Apr '23 5,363
  • March '23 Mar '23 5,639
Number of HELOC Loans i
2,237
(Feb 2024)
-10.3%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • February '24 Feb '24 2,237
  • January '24 Jan '24 2,452
  • December '23 Dec '23 2,456
  • November '23 Nov '23 3,071
  • October '23 Oct '23 3,326
  • September '23 Sep '23 3,260
  • August '23 Aug '23 3,648
  • July '23 Jul '23 3,182
  • June '23 Jun '23 3,456
  • May '23 May '23 3,713
  • April '23 Apr '23 2,938
  • March '23 Mar '23 3,049

Michigan Real Estate Market Overview

Last 30 days
  • County
    Median Est. Value
  • County
    Median Est. Value
  • County
    Median Est. Value

Michigan Foreclosure Activity

There were a total of 796 Michigan properties with a foreclosure filing in February 2024. Lenders started the foreclosure process on 796 Michigan properties and repossessed 211 Michigan properties through completed foreclosures (REOs) in February 2024.

Total Foreclosure Filings i
796
(Feb 2024)
-1.7%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • February '24 Feb '24 796
  • January '24 Jan '24 896
  • December '23 Dec '23 800
  • November '23 Nov '23 884
  • October '23 Oct '23 993
  • September '23 Sep '23 856
  • August '23 Aug '23 900
  • July '23 Jul '23 750
  • June '23 Jun '23 999
  • May '23 May '23 718
  • April '23 Apr '23 925
  • March '23 Mar '23 1,046
Foreclosure Starts i
796
(Feb 2024)
-1.7%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • February '24 Feb '24 796
  • January '24 Jan '24 896
  • December '23 Dec '23 800
  • November '23 Nov '23 884
  • October '23 Oct '23 993
  • September '23 Sep '23 856
  • August '23 Aug '23 898
  • July '23 Jul '23 750
  • June '23 Jun '23 999
  • May '23 May '23 718
  • April '23 Apr '23 925
  • March '23 Mar '23 1,046
Completed Foreclosures (REOs) i
211
(Feb 2024)
-20.4%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • February '24 Feb '24 211
  • January '24 Jan '24 706
  • December '23 Dec '23 229
  • November '23 Nov '23 247
  • October '23 Oct '23 216
  • September '23 Sep '23 170
  • August '23 Aug '23 149
  • July '23 Jul '23 200
  • June '23 Jun '23 185
  • May '23 May '23 271
  • April '23 Apr '23 148
  • March '23 Mar '23 695
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