The typical home listed in Michigan is priced at $299,900, roughly flat compared with a year ago. Homes are spending a median of 47 days on the market, indicating a balanced pace. Against a median household income of $72,875, the price-to-income ratio is about 4.1, a moderately affordable level for local buyers.
| Metric | Value |
|---|---|
| Median Listing Price | $299,900 |
| YoY Price Change | 0.0% |
| Median Days on Market | 47 days |
| Active Listings | 29,277 |
| Median Household Income | $72,875 |
| Homeownership Rate | 73.2% |
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