2026 Market Report & Data · Data through July 2026 · Source: Redfin
$299K
Median Price
34
Days on Market
3.0
Months Supply
+6.7%
YoY Change
Balanced Market
Market Type
66
cities with 6+ months supply
163
cities with 3-6 months supply
253
cities with <3 months supply
Top seller's markets:
Hudsonville (0.2 mo) Sylvan Lake (0.2 mo) Village of Grosse Pointe Shores (0.2 mo)Ranked by lowest median home price.
| City | Median Price | DOM |
|---|---|---|
| 1. Burlington | $17K | 84d |
| 2. Riverdale | $20K | 26d |
| 3. Copper City | $33K | 6d |
| 4. Sherwood | $40K | 102d |
| 5. Rosebush | $42K | 72d |
| 6. Michigamme | $43K | 115d |
| 7. Hermansville | $53K | 73d |
| 8. Buena Vista | $55K | 72d |
| 9. Ahmeek | $60K | 56d |
| 10. Beal City | $65K | 20d |
Ranked by highest median home price.
| City | Median Price | DOM |
|---|---|---|
| 1. Orchard Lake Village | $2.44M | 24d |
| 2. Omena | $2.30M | 16d |
| 3. Lake Angelus | $2.25M | 12d |
| 4. Glen Arbor | $1.90M | 40d |
| 5. Leland | $1.35M | 27d |
| 6. Shorewood-Tower Hills-Harbert | $1.31M | 25d |
| 7. Millers Lake | $1.25M | 101d |
| 8. Barton Hills | $1.25M | 90d |
| 9. Douglas | $982K | 20d |
| 10. Franklin | $937K | 18d |
66 cities have more than 6 months of inventory — buyers can negotiate.
| City | Months Supply | Median Price | DOM |
|---|---|---|---|
| 1. Big Bay | 19.2 mo | $373K | 18d |
| 2. Bingham Farms | 19.2 mo | $670K | 659d |
| 3. Frankfort | 18.4 mo | $469K | 23d |
| 4. Lake Victoria | 16.0 mo | $302K | 46d |
| 5. Millburg | 16.0 mo | $70K | 52d |
| 6. Highland Park | 15.7 mo | $134K | 46d |
| 7. Orchard Lake Village | 14.4 mo | $2.44M | 24d |
| 8. Rapid City | 13.6 mo | $372K | 29d |
| 9. Elberta | 12.8 mo | $600K | 69d |
| 10. Thompsonville | 12.8 mo | $250K | 62d |
253 cities have less than 3 months of inventory — sellers have the advantage.
| City | Months Supply | Median Price | DOM |
|---|---|---|---|
| 1. Hudsonville | 0.2 mo | $370K | 7d |
| 2. Sylvan Lake | 0.2 mo | $405K | 33d |
| 3. Village of Grosse Pointe Shores | 0.2 mo | $912K | 15d |
| 4. Lowell | 0.3 mo | $340K | 18d |
| 5. Flat Rock | 0.4 mo | $339K | 8d |
| 6. Schoolcraft | 0.4 mo | $228K | 12d |
| 7. Breckenridge | 0.5 mo | $152K | 139d |
| 8. Memphis | 0.5 mo | $244K | 42d |
| 9. Benzonia | 0.6 mo | $350K | 70d |
| 10. Jenison | 0.6 mo | $375K | 7d |
Cities where homes sell fastest, ranked by lowest median days on market.
| City | Days on Market | Median Price |
|---|---|---|
| 1. Nunica | 1d | $210K |
| 2. Lake Ann | 2d | $515K |
| 3. Zilwaukee | 3d | $210K |
| 4. Beulah | 4d | $455K |
| 5. Comstock Northwest | 4d | $287K |
| 6. Dorr | 4d | $330K |
| 7. Fulton | 4d | $109K |
| 8. Mohawk | 4d | $67K |
| 9. Oakley | 4d | $170K |
| 10. Robin Glen-Indiantown | 4d | $230K |
Cities with the largest year-over-year price gains. Appreciation can signal momentum, but also affordability pressure.
| City | YoY Change | Median Price |
|---|---|---|
| 1. Douglas | +98.4% | $982K |
| 2. Grawn | +84.0% | $370K |
| 3. Manitou Beach-Devils Lake | +75.6% | $751K |
| 4. Kalkaska | +66.5% | $195K |
| 5. Shorewood-Tower Hills-Harbert | +54.0% | $1.31M |
| 6. Blissfield | +48.7% | $277K |
| 7. Ecorse | +43.2% | $115K |
| 8. Flat Rock | +40.9% | $339K |
| 9. Empire | +39.1% | $880K |
| 10. Beecher | +37.9% | $75K |
Cities with year-over-year price declines. These can be buying opportunities — or signals of softening demand.
| City | YoY Change | Median Price |
|---|---|---|
| 1. Coleman | -38.8% | $98K |
| 2. Bridgman | -36.9% | $265K |
| 3. Dowagiac | -36.3% | $95K |
| 4. Saugatuck | -32.3% | $603K |
| 5. Grosse Pointe | -30.8% | $450K |
| 6. Suttons Bay | -29.3% | $700K |
| 7. Lake Isabella | -28.2% | $230K |
| 8. Lake Odessa | -27.4% | $196K |
| 9. Auburn | -27.4% | $230K |
| 10. Chesaning | -25.0% | $120K |
The Michigan housing market currently shows balanced market conditions, with a median sale price of $299K and 3.0 months of inventory supply. Homes in Michigan typically sell in 34 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 balanced market based on months of supply data. The market is relatively balanced, offering fair conditions for both buyers and sellers. Market conditions vary by city, so check local data for your specific area.
The median home price in Michigan is approximately $299K as of July 2026. Prices range significantly across the state, with Orchard Lake Village among the most expensive areas and Burlington 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. Balanced conditions offer a fair environment for well-prepared buyers. 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.
Connect with a local expert who knows your market.
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