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By Jacob Ellis

This story is Part II of a series on Michigan's 2025 real estate outlook. Part I can be found here.

Spring has arrived — which means we now are in home buying season. We're set to see a surge in market activity.

Let's take a survey of the latest reports from around the state.

The city of Detroit is red hot. 

Mortgage Calculator ranks Detroit No. 2 on its list of U.S. cities with 200,000 or more people, that show the highest increases in average home prices since the pandemic started. The report compares average home prices from March 2020 to October 2024, with Detroit’s average home price rising from $46,586 to $80,127 — a 72% increase.

Detroit also experienced a dramatic 61.3% increase in its median home price, according to a recent report by the multiple listing service Realcomp II. Detroit's median home price rose from $54,250 in 2020 to $87,500 in 2024. The data excludes private sales transactions.

Parts of West Michigan have been trending up as well. From The Battle Creek Enquirer:

Newly released data from Realtor.com for December shows that potential buyers and sellers in Calhoun County saw higher home sale prices than the previous month's median of $177,590.

The median home sold for $180,000 in December, data from Realtor.com shows. December was up 1.4% from November. The median home sales price was up 13.2% from a year before.

Southwest Michigan has seen a brisk business so far in 2025. Nearly 10% more homes sold in the region year-over-year during the month of January 

Is this a sign of what's to come? Fair to say, we know that demand will remain solid. 

Up North, you can find some stunning multi-million dollar waterfront estates for sale.

Though sales are a bit slower there, each averaging over 300 days on the market.

And sellers don't seem to mind the wait. The average sale price is close to $850,000.

Still there is reason to proceed with caution. 

Industry insider Construction Coverage has reported that Michigan has the third-least stable housing market in the nation. 

This rating indicates the chance of median home prices seeing a 5% price drop, from 2000 to present.

There's a 44.1% chance it will happen, no matter where you are in Michigan. 

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By Jacob Ellis

Michigan's 2025 real estate market is now taking shape.  

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By NEXT MICHIGAN Editor

Michigan’s real estate market remains competitive with homes for sale spending only 22
days on the market.

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