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Michigan Real Estate & Property Data

Michigan Real Estate Market Trends
Last Updated: September 06, 2025

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 141,277 residential properties sold in the Michigan real estate market over the past 12 months. As of July 2025, the median home price in MI on single-family homes is $275,000. The median single-family home value for properties over the last 12 months is $275,825. Currently, the State of Michigan has 740 properties in foreclosure and 185 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:
Total Residential Properties 3,853,354
Total Commercial Properties 306,176
Avg. Home Age (Single Family Home) 62 Years
Avg. Square Feet (Single Family Home) 1,589
Total 2025 Residential Sales (year-to-date) 60,676
% of Homes Seriously Underwater (Q3 2025) 0.78%
Total 2024 Residential Sales 130,253
% of Equity Rich Homes (Q3 2025) 33.16%
Effective 2024 Property Tax 1.02%
Total Foreclosure Filings (year-to-date) 5,399
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Michigan Real Estate Overview

There were 141,277 residential properties sold in the past year in Michigan. The median home value in Michigan is $275,825. There are a total of 3,853,354 residential properties in the MI.

Median Sales Price i
$275,000
(Jun 2025)
+5.8%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • June '25 Jun '25 $275,000
  • May '25 May '25 $265,000
  • April '25 Apr '25 $245,000
  • March '25 Mar '25 $249,250
  • February '25 Feb '25 $242,000
  • January '25 Jan '25 $237,500
  • December '24 Dec '24 $250,000
  • November '24 Nov '24 $253,166
  • October '24 Oct '24 $255,000
  • September '24 Sep '24 $259,000
  • August '24 Aug '24 $259,950
  • July '24 Jul '24 $265,000
Median Down Payment i
$30,000
(Jun 2025)
+7.1%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • June '25 Jun '25 $30,000
  • May '25 May '25 $27,800
  • April '25 Apr '25 $22,950
  • March '25 Mar '25 $23,800
  • February '25 Feb '25 $22,950
  • January '25 Jan '25 $22,600
  • December '24 Dec '24 $26,900
  • November '24 Nov '24 $26,150
  • October '24 Oct '24 $28,000
  • September '24 Sep '24 $27,500
  • August '24 Aug '24 $27,400
  • July '24 Jul '24 $30,330
Number of Homes Sold i
12,356
(Jun 2025)
+9.7%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • June '25 Jun '25 12,356
  • May '25 May '25 11,711
  • April '25 Apr '25 10,382
  • March '25 Mar '25 9,115
  • February '25 Feb '25 7,808
  • January '25 Jan '25 9,304
  • December '24 Dec '24 9,632
  • November '24 Nov '24 10,101
  • October '24 Oct '24 12,884
  • September '24 Sep '24 11,368
  • August '24 Aug '24 12,610
  • July '24 Jul '24 12,740
Number of Purchase Loans i
9,036
(Jun 2025)
+11.5%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • June '25 Jun '25 9,036
  • May '25 May '25 8,879
  • April '25 Apr '25 7,797
  • March '25 Mar '25 6,737
  • February '25 Feb '25 5,610
  • January '25 Jan '25 6,921
  • December '24 Dec '24 7,397
  • November '24 Nov '24 7,546
  • October '24 Oct '24 9,670
  • September '24 Sep '24 8,425
  • August '24 Aug '24 9,113
  • July '24 Jul '24 9,436
Number of REFI Loans i
7,305
(Jun 2025)
+35.9%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • June '25 Jun '25 7,305
  • May '25 May '25 7,461
  • April '25 Apr '25 7,759
  • March '25 Mar '25 6,375
  • February '25 Feb '25 5,540
  • January '25 Jan '25 6,759
  • December '24 Dec '24 6,437
  • November '24 Nov '24 7,087
  • October '24 Oct '24 9,480
  • September '24 Sep '24 7,021
  • August '24 Aug '24 6,730
  • July '24 Jul '24 6,460
Number of HELOC Loans i
4,160
(Jun 2025)
+14.1%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • June '25 Jun '25 4,160
  • May '25 May '25 4,418
  • April '25 Apr '25 4,167
  • March '25 Mar '25 3,578
  • February '25 Feb '25 3,019
  • January '25 Jan '25 3,146
  • December '24 Dec '24 3,268
  • November '24 Nov '24 3,215
  • October '24 Oct '24 4,148
  • September '24 Sep '24 3,838
  • August '24 Aug '24 4,207
  • July '24 Jul '24 4,344

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 740 Michigan properties with a foreclosure filing in June 2025. Lenders started the foreclosure process on 740 Michigan properties and repossessed 185 Michigan properties through completed foreclosures (REOs) in June 2025.

Total Foreclosure Filings i
740
(Jun 2025)
+40.2%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • June '25 Jun '25 740
  • May '25 May '25 948
  • April '25 Apr '25 988
  • March '25 Mar '25 939
  • February '25 Feb '25 876
  • January '25 Jan '25 908
  • December '24 Dec '24 818
  • November '24 Nov '24 714
  • October '24 Oct '24 1,035
  • September '24 Sep '24 710
  • August '24 Aug '24 733
  • July '24 Jul '24 885
Foreclosure Starts i
740
(Jun 2025)
+40.2%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • June '25 Jun '25 740
  • May '25 May '25 948
  • April '25 Apr '25 988
  • March '25 Mar '25 939
  • February '25 Feb '25 876
  • January '25 Jan '25 908
  • December '24 Dec '24 818
  • November '24 Nov '24 714
  • October '24 Oct '24 1,035
  • September '24 Sep '24 710
  • August '24 Aug '24 733
  • July '24 Jul '24 885
Completed Foreclosures (REOs) i
185
(Jun 2025)
+43.4%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • June '25 Jun '25 185
  • May '25 May '25 236
  • April '25 Apr '25 174
  • March '25 Mar '25 215
  • February '25 Feb '25 200
  • January '25 Jan '25 250
  • December '24 Dec '24 352
  • November '24 Nov '24 152
  • October '24 Oct '24 134
  • September '24 Sep '24 141
  • August '24 Aug '24 206
  • July '24 Jul '24 212
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