View Michigan Homes For Sale and Foreclosure ListingsClick a city to find Michigan home listings. We can find listings for all types of properties for sale, including houses, condos, land and townhomes.
Where available in Michigan, we give you access to the local Foreclosure which is the most complete source for homes for sale listings.
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Michigan Foreclosure Market Data
Housing units (2009): 4.54 million
Total Number of Properties w/ Foreclosure Filings (2008): 106,000
Number of Properties w/ Foreclosure Filings (Oct. 2010): 19,300
Foreclosure Rate: 1 out of every 235 properties
Number of Foreclosure Sales (2010): 4,670
Michigan Median Foreclosure Sale Price (2010): $91,450
National Average Foreclosure Sales Price (2010): $171,400
Michigan is located in the northeastern region of the United States. Containing over 9.9 million people, Michigan is the eighth most populous state in the nation. Surrounded by four of the five Great Lakes, residents are able to enjoy the great outdoors and its scenic views. The median foreclosure sale price in Michigan is approximately $91,500. The average foreclosure sale price in Michigan is approximately $72,000. With over 19,200 new foreclosures in Michigan, the state contains a total of over 106,000 foreclosures that need to be sold. With a rapidly growing inventory of REO homes, banks and lenders are scrambling to rid themselves of these distressed properties. Michigan is a great place to search for a bargain in the foreclosure market. Currently, Wayne County has the highest number of new foreclosures. There are over 5,300 foreclosures with most of these properties concentrated within the city limits of Detroit. Detroit alone contains over 1,900 foreclosures.
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