| Market | Median list price | YoY | Days on market | Active | Price-to-income | Income needed |
|---|---|---|---|---|---|---|
| Detroit | $274,950 | 0.0% | 43 | 12,050 | 3.7 | $78,000 |
| Grand Rapids | $399,900 | +0.6% | 42 | 2,182 | 5.0 | $110,000 |
| Flint | $217,375 | +3.6% | 45 | 1,196 | 3.6 | $62,000 |
| Lansing | $249,000 | -8.5% | 46 | 1,032 | 3.5 | $72,000 |
| Ann Arbor | $454,250 | -6.1% | 48 | 927 | 5.2 | $132,000 |
| Traverse City | $541,250 | -4.2% | 61 | 882 | 7.0 | $145,000 |
| Kalamazoo | $329,900 | -2.9% | 43 | 628 | 4.7 | $95,000 |
| Niles | $409,450 | -2.7% | 54 | 572 | 6.5 | $112,000 |
| Saginaw | $165,000 | -7.0% | 54 | 520 | 2.8 | $48,000 |
| Muskegon | $304,950 | +8.9% | 47 | 508 | 4.8 | $85,000 |
| Jackson | $254,950 | 0.0% | 46 | 444 | 3.9 | $72,000 |
| Petoskey | $671,975 | -9.1% | 75 | 392 | 9.1 | $179,000 |
| Battle Creek | $247,350 | +7.3% | 45 | 328 | 4.1 | $71,000 |
| Holland | $495,950 | -7.7% | 44 | 308 | 6.2 | $136,000 |
| Adrian | $299,900 | +4.4% | 47 | 264 | 4.5 | $85,000 |
| Monroe | $314,075 | -0.9% | 41 | 255 | 4.2 | $87,000 |
| Bay City | $184,950 | -10.3% | 48 | 248 | 3.1 | $54,000 |
| Cadillac | $297,200 | +9.6% | 61 | 208 | 4.7 | $81,000 |
| Midland | $365,775 | +15.3% | 43 | 206 | 4.7 | $105,000 |
| Marquette | $394,450 | +4.2% | 50 | 194 | 6.1 | $107,000 |
| Sault Ste. Marie | $252,450 | +7.3% | 73 | 191 | 4.2 | $71,000 |
| Big Rapids | $290,950 | -3.4% | 66 | 180 | 5.0 | $79,000 |
| Sturgis | $299,925 | +13.8% | 60 | 173 | 4.6 | $82,000 |
| Houghton | $277,000 | -5.8% | 62 | 166 | 4.9 | $77,000 |
| Owosso | $239,900 | +11.6% | 41 | 144 | 3.7 | $68,000 |
| Mount Pleasant | $281,175 | +17.6% | 62 | 143 | 5.2 | $79,000 |
| Ludington | $352,500 | +2.2% | 68 | 119 | 5.7 | $97,000 |
| Hillsdale | $290,000 | -6.4% | 57 | 118 | 4.8 | $78,000 |
| Coldwater | $299,900 | +7.1% | 58 | 114 | 4.8 | $84,000 |
| Alpena | $249,950 | -0.5% | 58 | 108 | 4.8 | $69,000 |
| Iron Mountain | $220,725 | +3.9% | 42 | 97 | 3.6 | $63,000 |
| Escanaba | $352,250 | +0.6% | 51 | 89 | 6.4 | $97,000 |
| Alma | $225,000 | +4.0% | 49 | 85 | 3.7 | $63,000 |
State housing market · September 2026 data
Michigan housing market
Across the 33 Michigan markets WealthyBud tracks, the midpoint median listing price is $297,200 as of September 2026, and 16 of 33 are priced below a year ago. Petoskey is the most expensive ($671,975) and Saginaw the least ($165,000).
Midpoint median list price
$297,200
33 markets
Markets down YoY
16/33
September 2026
Active listings
25,071
Tracked markets
30-yr mortgage rate
7.28%
2026-10-01
What are home prices in each Michigan market?
The table lists every Michigan market WealthyBud tracks with its median listing price, year-over-year change, days on market, active listings, price-to-income ratio and the income needed to buy the median home. Select a market for its full report.
Are home prices rising or falling in Michigan?
Mount Pleasant posted the biggest year-over-year change in Michigan (+17.6%) and Bay City the weakest (-10.3%). The midpoint change across the state's tracked markets is +0.6%, with 25,071 homes actively listed.
How much income do you need to buy a home in Michigan?
Buying the median listing with 20% down at the current 7.28% rate takes about $48,000 a year in Saginaw and $179,000 in Petoskey, keeping principal, interest and property tax at 28% of income.
Michigan housing market FAQ
What is the median home price in Michigan?
Across WealthyBud's 33 tracked Michigan markets, median listing prices have a midpoint of $297,200 as of September 2026, from $165,000 in Saginaw to $671,975 in Petoskey.
Are home prices falling in Michigan?
16 of 33 tracked Michigan markets have median listing prices below a year ago as of September 2026. The weakest is Bay City at -10.3%.
What is the most expensive housing market in Michigan?
Petoskey has the highest median listing price among tracked Michigan markets at $671,975 (September 2026).
How much income do you need to buy a home in Michigan?
Buying the median listing with 20% down at the current 7.28% rate takes about $48,000 a year in Saginaw and $179,000 in Petoskey, keeping principal, interest and property tax at 28% of income. Insurance, HOA and PMI are excluded.
Working in Michigan real estate? See Michigan agent salary (BLS median $57,880) and how to get licensed. Compare states on the state hub index or see where prices are falling nationwide.