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Michigan Homes for Sale Under 500K

52,777 Homes for Sale

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Michigan Housing Market Overview

Michigan is a balanced market, giving buyers and sellers room to negotiate. With 4.5 months of supply and homes averaging 48 days on the market, you can make decisions without the pressure of a highly competitive market.

Status

Balanced Market

Days on Market

48

Inventory

55,411

Sep 2021Jun 2024Sep 2026

Median Home Price

$282,500Up 2.73%

In Sep 2026 · YoY

Sep 2021Jun 2024Sep 2026

Mortgage Rates 30-Yr Fixed

6.23%Down 0.58%

Current rate · YoY

Loan Type

30-Year Fixed

Housing Supply

Homes For Sale
55,411 Up 145.93%
Newly Listed Homes
28,528 Down 1.97%
Months of Supply
4.5 Up 221.43%

Housing Demand

Homes Sold
12,448 Down 22.30%
Sale-to-List Ratio
98.3% Down 0.19%
Homes Sold Above List
27.8% Down 5.98%

30-yr fixed rate 6.23% · Data as of Sep 2026 · Source: Houzeo Research.

View Full Michigan Market Report
No. of Homes
Prices
Homes for Sale in Wayne
10,062
$172,500
Homes for Sale in Detroit
5,464
$100,500
Homes for Sale in Grand Rapids
2,782
$312,000
Homes for Sale in Kalamazoo
1,415
$211,000
Homes for Sale in Muskegon
1,134
$187,450
Homes for Sale in Warren
759
$225,000
Homes for Sale in Ann Arbor
742
$475,000
Homes for Sale in Traverse City
737
$490,000
Homes for Sale in Battle Creek
641
$186,200
Homes for Sale in Dearborn
530
$270,000
Homes for Sale in Sterling Heights
495
$320,000
Homes for Sale in Marquette
457
$260,000
Homes for Sale in Holland
447
$341,000
Homes for Sale in Wyoming
425
$440,800
Homes for Sale in Canton Charter Township
404
$374,000
Homes for Sale in Troy
331
$461,500
Homes for Sale in Livonia
311
$325,000
Homes for Sale in Houghton
308
$149,000
Homes for Sale in Port Huron
220
$179,900
Homes for Sale in Benton Harbor
190
$99,270
No. of Homes
Prices
Houses for Sale in Islandview, Detroit
208
-
Houses for Sale in Creston, Grand Rapids
177
$288,000
Houses for Sale in Hubbell Lyndon, Detroit
162
-
Houses for Sale in West Grand, Grand Rapids
148
$265,000
Houses for Sale in Southeast End, Grand Rapids
144
-
Houses for Sale in Southwest Warren, Warren
138
-
Houses for Sale in Morningside, Detroit
137
-
Houses for Sale in Dexter Linwood, Detroit
133
-
Houses for Sale in North End, Detroit
132
-
Houses for Sale in Northwest Warren, Warren
118
-
Houses for Sale in Warrendale, Detroit
115
-
Houses for Sale in Fitzgerald, Detroit
103
-
Houses for Sale in Bagley, Detroit
99
-
Houses for Sale in Outer Drive Hayes, Detroit
98
-
Houses for Sale in North Corktown, Detroit
97
-
Houses for Sale in Garfield Park, Grand Rapids
96
-
Houses for Sale in Shawmut Hills, Grand Rapids
95
-
Houses for Sale in John Ball Park, Grand Rapids
94
-
Houses for Sale in Midwest, Detroit
91
-
Houses for Sale in Barton Mc Farland, Detroit
90
-
Core City, Detroit Neighborhood Guide
Lafayette Park, Detroit Neighborhood Guide
Bagley, Detroit Neighborhood Guide
Morningside, Detroit Neighborhood Guide
John Ball Park, Grand Rapids Neighborhood Guide
Nardin Park, Detroit Neighborhood Guide
Corktown, Detroit Neighborhood Guide
Jefferson Chalmers, Detroit Neighborhood Guide
Woodbridge, Detroit Neighborhood Guide
Mapleridge, Detroit Neighborhood Guide
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  • mls-imgIDX Logo
    Based on information from the Board/Association of REALTORS® (alternatively, from the Realcomp II Ltd. MLS) through Oct 30, 2026, 10:00 AM. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified. IDX provided courtesy of Realcomp II Ltd. via Andover Real Estate & Houzeo, Copyright 2026 Realcomp II Ltd. Shareholders Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Listing Information presented by local MLS brokerage: Andover Real Estate, local REALTOR®- Scott Rubin - (248)206-3666 . Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. ​© 2024 Realcomp II Ltd. MLS. All Rights Reserved.
  • mls-imgIDX Logo
    Based on information from MiRealSource through Oct 30, 2026, 10:00 AM . All information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Provided through IDX via MiRealSource, Inc. Courtesy of MiRealSource Shareholder. © 2026 MiRealSource. All Rights Reserved.
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Homes Available icon

52,777

Homes Available

Median List Price icon

$ 282,500

Median List Price

Avg on Market icon

48 Days

Avg on Market