The Michigan market right now
Sales figures: Redfin Data Center, market tracker (Redfin, a national real estate brokerage), Michigan, May 2026, all residential property types. Typical value: Zillow Home Value Index (ZHVI), Zillow Research, August 2026, mid-tier homes, seasonally adjusted. These are area-wide figures, not a value for any one home.
With about 2.6 months of supply, this is a market that leans toward sellers by the usual rule of thumb, and homes sold for about 0.5% below their list price on average.
Show the numbers
| Month | Median sale price |
|---|---|
| May 2026 | $297,900 |
| Apr 2026 | $282,500 |
| Mar 2026 | $269,500 |
| Feb 2026 | $259,000 |
| Jan 2026 | $253,000 |
| Dec 2025 | $266,500 |
| Nov 2025 | $270,300 |
| Oct 2025 | $273,600 |
| Sep 2025 | $282,800 |
| Aug 2025 | $286,000 |
| Jul 2025 | $291,300 |
| Jun 2025 | $291,000 |
| May 2025 | $284,800 |
| Apr 2025 | $268,700 |
| Mar 2025 | $259,400 |
| Feb 2025 | $251,300 |
| Jan 2025 | $246,100 |
| Dec 2024 | $255,600 |
| Nov 2024 | $262,600 |
| Oct 2024 | $263,000 |
| Sep 2024 | $264,800 |
| Aug 2024 | $271,100 |
| Jul 2024 | $276,700 |
| Jun 2024 | $273,300 |
| May 2024 | $272,200 |
Source: Redfin Data Center, Michigan. Monthly figures, not seasonally adjusted, so some ups and downs are just the time of year.
Michigan rules that affect sellers
Transfer tax
Michigan charges a state real estate transfer tax of $3.75 per $500 of value (0.75%) plus a county transfer tax of $0.55 per $500 (0.11%), for about 0.86% in total. By statute the tax is on the seller (grantor), and both are paid to the county register of deeds when the deed is recorded.
Local add-ons: County transfer tax of $0.55 per $500 (0.11%) in every county.
Source: Newaygo County Register of Deeds, Real Estate Transfer Tax
Seller disclosure
Yes. Michigan's Seller Disclosure Act (MCL 565.951 and following) requires sellers of homes with 1 to 4 units to give the buyer a completed Seller's Disclosure Statement before the buyer signs a binding purchase agreement. If it is delivered after signing, the buyer may cancel within 72 hours of hand delivery (120 hours if sent by registered mail). Court-ordered, foreclosure, family and some estate transfers are exempt. Summary from a Michigan Realtors guide, since the state legislature's site could not be loaded.
Source: Michigan Realtors, Seller's Disclosure and Agency Disclosure After 20 Years (secondary source)
Who handles the closing
Michigan closings are customarily handled by title companies. State law does not require an attorney at closing, though sellers may hire one.
Source: HomeLight, Some States Require a Real Estate Attorney at Closing (secondary source)
Also worth knowing
A seller of a principal residence can be exempt from the state transfer tax (MCL 207.526(u)) when the home's state equalized value (SEV) at sale is no higher than it was at purchase and the sale is at arm's length. If the tax was already paid, a refund can be claimed on Form 2796 within four years and 15 days of the sale.
Source: Dykema, The Sale of Your Residence May Be Exempt from the Michigan Real Estate Transfer Tax
Checking an agent's license
Real estate agents in Michigan are licensed by the Michigan Department of Licensing and Regulatory Affairs (LARA), Bureau of Professional Licensing. You can look up any agent before you work with them.
Rules checked 2026-09-30. They change, and local practice varies: confirm with your title company, closing attorney or agent before relying on them. This is general information, not legal or tax advice.
Metro areas in Michigan
Prices and pace can be very different from one metro to the next, so the local page is a better guide than the statewide figure.
- Detroit, Warren$341,000
- Grand Rapids, Wyoming$370,000
- Lansing, East Lansing$246,000
- Flint$244,750
- Ann Arbor$435,900
Market figures: Redfin Data Center and Zillow Research, updated monthly. All states.