Michigan started 2025 with a total of 15,611 single-family homes on the market, with a median home price of $255,000 and an average price per square foot of $182.28. By the end of the year, inventory had increased to 18,854 homes on the market (+21%), with a median home price of $260,000 (+2%), and an average price per square foot of $197 (+8%).
At the start of 2025, the median days on market (DOM) was 70 days – by the end of the year, median DOM had decreased to 70 days.
Michigan started the year with 33.21% of homes taking a price cut. (For reference, 35% is the national average for price reductions in a "normal" year.) By the end of the year, about 34.88% of homes for sale had taken a price cut.
Market Update for June 8, 2026
