2026 Market Report & Data · Data through May 2026 · Source: Redfin
$298K
Median Price
24
Days on Market
2.6
Months Supply
+2.4%
YoY Change
Seller's Market
Market Type
26
cities with 6+ months supply
109
cities with 3-6 months supply
308
cities with <3 months supply
Ranked by lowest median home price.
| City | Median Price | DOM |
|---|---|---|
| 1. Fountain | $16K | 106d |
| 2. Burlington | $18K | 84d |
| 3. Benton Heights | $18K | 19d |
| 4. Copper City | $34K | 6d |
| 5. Sherwood | $40K | 102d |
| 6. Rosebush | $42K | 72d |
| 7. Michigamme | $43K | 115d |
| 8. Hubbardston | $43K | 104d |
| 9. Buena Vista | $45K | 77d |
| 10. River Rouge | $50K | 76d |
Ranked by highest median home price.
| City | Median Price | DOM |
|---|---|---|
| 1. Orchard Lake Village | $4.15M | d |
| 2. Omena | $2.30M | 16d |
| 3. Lake Angelus | $2.25M | 12d |
| 4. Grand Beach | $1.74M | 100d |
| 5. Shorewood-Tower Hills-Harbert | $1.31M | 26d |
| 6. Barton Hills | $1.25M | 90d |
| 7. Michiana | $1.09M | 56d |
| 8. Douglas | $1.08M | 18d |
| 9. Vandalia | $1.05M | 151d |
| 10. Bingham Farms | $1.00M | 12d |
26 cities have more than 6 months of inventory — buyers can negotiate.
| City | Months Supply | Median Price | DOM |
|---|---|---|---|
| 1. Suttons Bay | 16.0 mo | $640K | 204d |
| 2. Yale | 15.0 mo | $190K | 9d |
| 3. Jonesville | 12.0 mo | $367K | 231d |
| 4. Frankfort | 11.5 mo | $438K | 36d |
| 5. Highland Park | 10.5 mo | $145K | 37d |
| 6. Brooklyn | 10.0 mo | $395K | 106d |
| 7. Manistee Lake | 10.0 mo | $135K | 239d |
| 8. Orchard Lake Village | 9.0 mo | $4.15M | d |
| 9. Beecher | 8.3 mo | $77K | 78d |
| 10. Berrien Springs | 8.0 mo | $205K | 120d |
308 cities have less than 3 months of inventory — sellers have the advantage.
| City | Months Supply | Median Price | DOM |
|---|---|---|---|
| 1. Athens | 0.3 mo | $325K | 49d |
| 2. Bath | 0.3 mo | $395K | 54d |
| 3. Dansville | 0.3 mo | $263K | 100d |
| 4. Hudsonville | 0.3 mo | $375K | 7d |
| 5. Lake Linden | 0.3 mo | $175K | 171d |
| 6. Lyons | 0.3 mo | $195K | 18d |
| 7. Mendon | 0.3 mo | $170K | 39d |
| 8. Schoolcraft | 0.3 mo | $225K | 2d |
| 9. Vernon | 0.3 mo | $215K | 61d |
| 10. Pleasant Ridge | 0.4 mo | $545K | 7d |
Cities where homes sell fastest, ranked by lowest median days on market.
| City | Days on Market | Median Price |
|---|---|---|
| 1. Nunica | 1d | $210K |
| 2. Climax | 2d | $320K |
| 3. Otsego | 2d | $265K |
| 4. Schoolcraft | 2d | $225K |
| 5. Armada | 3d | $280K |
| 6. Dorr | 3d | $327K |
| 7. Ortonville | 3d | $210K |
| 8. Saugatuck | 3d | $695K |
| 9. South Gull Lake | 3d | $968K |
| 10. Wolf Lake | 3d | $230K |
Cities with the largest year-over-year price gains. Appreciation can signal momentum, but also affordability pressure.
| City | YoY Change | Median Price |
|---|---|---|
| 1. Manitou Beach-Devils Lake | +73.5% | $925K |
| 2. Grosse Pointe Farms | +50.4% | $850K |
| 3. Menominee | +49.5% | $170K |
| 4. Inkster | +48.8% | $140K |
| 5. Grand Haven | +38.3% | $415K |
| 6. Byron Center | +37.9% | $610K |
| 7. Utica | +33.8% | $228K |
| 8. Romulus | +31.6% | $250K |
| 9. Fair Plain | +30.4% | $235K |
| 10. St. Joseph | +30.2% | $376K |
Cities with year-over-year price declines. These can be buying opportunities — or signals of softening demand.
| City | YoY Change | Median Price |
|---|---|---|
| 1. Benton Harbor | -48.6% | $179K |
| 2. Franklin | -48.2% | $740K |
| 3. Grosse Pointe | -47.1% | $326K |
| 4. Oxford | -46.4% | $175K |
| 5. Lake Isabella | -46.1% | $202K |
| 6. Riverview | -38.3% | $185K |
| 7. Lake Fenton | -34.1% | $500K |
| 8. Adrian | -26.6% | $163K |
| 9. Charlotte | -24.5% | $187K |
| 10. Cadillac | -22.2% | $180K |
The Michigan housing market currently shows seller's market conditions, with a median sale price of $298K and 2.6 months of inventory supply. Homes in Michigan typically sell in 24 days.
Whether you're buying or selling in Michigan, working with a local real estate agent who understands these market dynamics can help you achieve the best outcome. Our network of verified agents across Michigan provides expert guidance tailored to your specific city and neighborhood.
Michigan is currently classified as a seller's market based on months of supply data. Low inventory gives sellers an advantage with faster sales and less price negotiation. Market conditions vary by city, so check local data for your specific area.
The median home price in Michigan is approximately $298K as of May 2026. Prices range significantly across the state, with Orchard Lake Village among the most expensive areas and Fountain offering more affordable options. Work with a local real estate agent for the most current pricing in your target neighborhoods.
Selling timelines in Michigan vary by city and market conditions. The fastest-selling markets include Nunica with a median of 1 days on market. Factors like pricing strategy, home condition, location, and seasonality all affect how quickly a home sells. A skilled listing agent can help price and market your home for a faster sale.
Whether to buy in Michigan depends on your personal finances, timeline, and target market. The competitive market means acting quickly and being prepared with financing. Consider factors like mortgage rates, your job stability, how long you plan to stay, and local price trends. Consult with a local real estate agent who can advise on specific neighborhoods.
Start by researching agents with proven experience in your target Michigan market. Look for agents with strong local transaction history, positive client reviews, and expertise in your price range. Interview at least 2-3 agents before choosing. Ask about their recent sales, marketing strategy, and communication style. Our directory features verified agents across Michigan to help you find the right match.
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