Market Intelligence · MI
Michigan home prices and housing market.
Real market data across 39 cities and 156 ZIP markets in MI. The typical home is worth about $241K.
Updated September 2026Typical value$241K
The typical home value in Michigan is $241K as of September 2026, up 5.6% from a year ago, based on the Zillow Home Value Index. In the typical Michigan ZIP code, the median list price is $304K and homes spend a median of 49 days on market as of September 2026 (Realtor.com).
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Prices over time
Michigan home prices over time
Typical home values in Michigan are up 5.6% over the past year, from $228K in September 2025 to $241K in September 2026.
| Month | Typical value | 1-yr change |
|---|---|---|
| September 2026 | $241,156 | +5.6% |
| September 2025 | $228,260 | No prior year |
Typical value is the median Zillow Home Value Index across Michigan ZIP codes, taken in September of each year so every row compares the same month.
Market balance
Is Michigan a buyer's or seller's market?
Michigan is roughly balanced between buyers and sellers.
These measures sit between the ranges that usually favor one side, so pricing and condition matter more than market direction.
Based on a median of 49 days on market and 19% of listings with a price cut in the typical Michigan ZIP code, and 11,802 new listings against 29,466 active listings across Michigan, as of September 2026 (Realtor.com).
The outlook
Michigan housing market forecast 2027
+2.6%
Weighted average of Zillow's ZIP forecasts, 12 months to September 2027
A weighted average of Zillow's ZIP forecasts, across 714 Michigan ZIP codes, points to typical home values rising 2.6% by September 2027.
Over the 12 months through September 2026, typical home values in Michigan rose 5.6%, per the Zillow Home Value Index.
Will home prices drop in Michigan?
The forecasts do not call for a drop: a weighted average of Zillow's ZIP forecasts for Michigan shows typical home values rising 2.6% by September 2027, after a 5.6% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.
How this is calculated: each ZIP code's 12-month Zillow forecast is weighted by its typical home value (Zillow Home Value Index, September 2026). 714 Michigan ZIP codes have both figures.
Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.
Market board
Which Michigan markets have the highest home values?
As of September 2026
- 1Bloomfield Hills, MI$730,285Up4.2%3 ZIP markets; open the Bloomfield Hills, MI market page
- 2Ann Arbor, MI$530,955Up2.8%4 ZIP markets; open the Ann Arbor, MI market page
- 3Oxford, MI$488,824Up3.2%2 ZIP markets; open the Oxford, MI market page
- 4West Bloomfield, MI$477,291Up3.6%3 ZIP markets; open the West Bloomfield, MI market page
- 5Troy, MI$466,959Up2.3%4 ZIP markets; open the Troy, MI market page
- 6Clarkston, MI$436,986Up3.2%2 ZIP markets; open the Clarkston, MI market page
- 7Traverse City, MI$436,969Up2.2%4 ZIP markets; open the Traverse City, MI market page
- 8Utica, MI$413,142Up2.3%3 ZIP markets; open the Utica, MI market page
- 9Novi, MI$398,976Up2.8%3 ZIP markets; open the Novi, MI market page
- 10Lake Orion, MI$394,575Up1.8%3 ZIP markets; open the Lake Orion, MI market page
- 11Farmington, MI$388,879Up2.8%4 ZIP markets; open the Farmington, MI market page
- 12Holland, MI$370,235Up4.6%2 ZIP markets; open the Holland, MI market page
- 13Grand Rapids, MI$342,153Up5.0%12 ZIP markets; open the Grand Rapids, MI market page
- 14St. Joseph, MI$339,202Up5.7%1 ZIP market; open the St. Joseph, MI market page
- 15Royal Oak, MI$328,894Up1.8%2 ZIP markets; open the Royal Oak, MI market page
- 16Livonia, MI$324,298Up1.9%3 ZIP markets; open the Livonia, MI market page
- 17Sterling Heights, MI$304,243Up0.6%4 ZIP markets; open the Sterling Heights, MI market page
- 18Grand Blanc, MI$295,042Up3.6%1 ZIP market; open the Grand Blanc, MI market page
- 19Ypsilanti, MI$282,448Down0.7%2 ZIP markets; open the Ypsilanti, MI market page
- 20Waterford, MI$278,298Up2.8%3 ZIP markets; open the Waterford, MI market page
- 21Clinton Township, MI$259,210Up1.6%3 ZIP markets; open the Clinton Township, MI market page
- 22Muskegon, MI$258,047Up3.3%5 ZIP markets; open the Muskegon, MI market page
- 23Southfield, MI$244,680Up1.0%4 ZIP markets; open the Southfield, MI market page
- 24Dearborn, MI$244,556Up2.8%4 ZIP markets; open the Dearborn, MI market page
- 25St. Clair Shores, MI$225,800Up2.4%3 ZIP markets; open the St. Clair Shores, MI market page
- 26Kalamazoo, MI$221,561Up5.2%7 ZIP markets; open the Kalamazoo, MI market page
- 27Warren, MI$219,232Down0.2%5 ZIP markets; open the Warren, MI market page
- 28Battle Creek, MI$196,763Up3.2%4 ZIP markets; open the Battle Creek, MI market page
- 29Ithaca, MI$196,048Up6.7%1 ZIP market; open the Ithaca, MI market page
- 30Burton, MI$183,685Up2.5%3 ZIP markets; open the Burton, MI market page
- 31Lansing, MI$166,123Up4.0%7 ZIP markets; open the Lansing, MI market page
- 32Norway, MI$163,380Down1.3%1 ZIP market; open the Norway, MI market page
- 33Hazel Park, MI$154,149Down3.4%1 ZIP market; open the Hazel Park, MI market page
- 34Lincoln Park, MI$151,457Up1.0%1 ZIP market; open the Lincoln Park, MI market page
- 35Saginaw, MI$142,849Up4.2%7 ZIP markets; open the Saginaw, MI market page
- 36Pontiac, MI$135,858Up1.3%3 ZIP markets; open the Pontiac, MI market page
- 37Detroit, MI$86,511Down2.1%25 ZIP markets; open the Detroit, MI market page
- 38Flint, MI$76,494Up2.6%6 ZIP markets; open the Flint, MI market page
- 39Highland Park, MI$60,415Down6.6%1 ZIP market; open the Highland Park, MI market page
Typical value is the median Zillow home value (ZHVI) across each city's ZIP codes, as of September 2026. 1-yr change compares that median to the same ZIPs a year earlier. More MI markets publish as their data clears editorial QA.
Zillow ZHVI, September 2026
Need a faster exit
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Cities
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- Bloomfield Hills3 ZIPs
- Ann Arbor4 ZIPs
- Oxford2 ZIPs
- West Bloomfield3 ZIPs
- Troy4 ZIPs
- Clarkston2 ZIPs
- Traverse City4 ZIPs
- Utica3 ZIPs
- Novi3 ZIPs
- Lake Orion3 ZIPs
- Farmington4 ZIPs
- Holland2 ZIPs
- Grand Rapids12 ZIPs
- St. Joseph1 ZIP
- Royal Oak2 ZIPs
- Livonia3 ZIPs
- Sterling Heights4 ZIPs
- Grand Blanc1 ZIP
- Ypsilanti2 ZIPs
- Waterford3 ZIPs
- Clinton Township3 ZIPs
- Muskegon5 ZIPs
- Southfield4 ZIPs
- Dearborn4 ZIPs
- St. Clair Shores3 ZIPs
- Kalamazoo7 ZIPs
- Warren5 ZIPs
- Battle Creek4 ZIPs
- Ithaca1 ZIP
- Burton3 ZIPs
- Lansing7 ZIPs
- Norway1 ZIP
- Hazel Park1 ZIP
- Lincoln Park1 ZIP
- Saginaw7 ZIPs
- Pontiac3 ZIPs
- Detroit25 ZIPs
- Flint6 ZIPs
- Highland Park1 ZIP
Common questions
Questions about Michigan home prices.
What is the typical home price in Michigan?
The typical home price in Michigan is about $241K as of September 2026, based on the Zillow Home Value Index (the median of the index across Michigan ZIP codes). In the typical Michigan ZIP code, the median list price is $304K as of September 2026 (Realtor.com), which reflects what sellers are asking rather than what homes sell for.
Are home prices going up or down in Michigan?
Typical home values in Michigan are up 5.6% over the past year, based on the Zillow Home Value Index as of September 2026.
Is Michigan a buyer's or seller's market?
Michigan is roughly balanced between buyers and sellers. These measures sit between the ranges that usually favor one side, so pricing and condition matter more than market direction. Based on a median of 49 days on market and 19% of listings with a price cut in the typical Michigan ZIP code, and 11,802 new listings against 29,466 active listings across Michigan, as of September 2026 (Realtor.com).
How long do homes take to sell in Michigan?
In the typical Michigan ZIP code, homes spend a median of 49 days on market as of September 2026, based on Realtor.com listing data. Pricing and condition decide how fast any one home sells, so treat the median as a benchmark rather than a promise.
The market is moving