Michigan Market Overview
Michigan's housing market is a study in contrasts. Detroit proper offers some of the most dramatic value-to-appreciation ratios in the country as the city's revival continues. Grand Rapids is a legitimate, diversified hot market — one of the most competitive in the Midwest. Ann Arbor remains consistently high-demand driven by University of Michigan. EV transition is a major economic tailwind for the entire state.
Grand Rapids is one of the best-value hot markets in the Midwest. Ann Arbor has perpetual demand. Detroit's Midtown and Corktown are the highest-conviction urban value plays in America right now.
Grand Rapids and Ann Arbor sellers are in excellent position. Detroit proper is gaining — present well and price right for rapid movement.
Top Cities in Michigan
| City | Median Price | YoY Change | Days on Market | Price/Sqft |
|---|---|---|---|---|
| Detroit | $88K | +8.4% | 18d | $58 |
| Grand Rapids | $298K | +5.2% | 18d | $168 |
| Ann Arbor | $448K | +3.8% | 16d | $248 |
| Lansing | $188K | +4.8% | 22d | $108 |
Market Health Indicators
Buyer Demographics
Affordability Calculator — Michigan
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