Featuring Property Focus AI™
Michigan Housing Market Trends
Market Summary
Property Focus is a top real estate property search platform that provides in-depth property insights, transaction histories, and ownership data across the U.S. In the past 12 months, Michigan saw 125,241 residential properties sold. As of June 2026, the median price for a single-family home is $235,000, with a median AVM value of $279,000 for properties sold in the last year.
There are 170,212 involuntary liens on 118,972 properties, 7,310 in pre-foreclosure, and 2,942,612 properties with more than 50% equity in Michigan. The market also includes 1,852,199 fully paid-off homes, offering unique opportunities for buyers and investors.
Market Stats Overview
Total Residential Properties
3,831,548
Total Home Sales
125,241 12 mo. trend
Median Home Price
$235,00012 mo. trend
Average Loan-to-Value
22.31%
Current Pre-foreclosures
7,310
% of Properties in Distress
0.19%
Total Involuntary Liens
170,212
% of High Equity Homes
76.8%
Michigan Real Estate Markets
The cities and zip codes listed below represent the highest-value real estate markets in Michigan based strictly on median home sale prices. Leading markets include Lake Angelus ($1,834,500), Mackinac Island ($1,399,000), 49757 ($1,399,000), and 49648 ($1,164,000), which consistently rank among the state's highest value residential areas over the past 12 months. These locations showcase the top-tier property markets across Michigan. Search other nearby counties to discover their top markets.