The Michigan real estate market in 2025 is evolving—and if you’re thinking about buying or selling a home, understanding these changes is critical. With steady home price growth, stabilized mortgage rates, and more inventory on the market, this year is shaping up to be one of the best times to act.
At Mortgage Matt – Michigan’s Best Mortgage Lender, my mission is simple: help Michigan buyers and homeowners navigate this market with confidence and secure the best mortgage options available.
Key Trends in the Michigan Real Estate Market, Here’s what you need to know right now:
Home prices: The median home price in Michigan is approximately $269,667, up 4.7% from 2024.
Mortgage rates: Rates have stabilized between 6.5% and 7%, giving buyers more predictability.
Inventory: More homes are hitting the market, reducing bidding wars and creating opportunities for buyers.
Buyer demand: While demand has cooled slightly, well-priced homes are still selling fast.
Affordability: Programs like FHA, VA, USDA, and conventional loans with low down payment options are helping buyers overcome affordability challenges.
These trends are creating a balanced market, where both buyers and sellers can benefit if they act strategically.
What This Means for Buyers
If you’re wondering whether now is the best time to buy a house in Michigan, the answer is clear: inventory is improving, competition is softer, and rates are more stable than in 2023.
At Mortgage Matt, I help buyers:
Get pre-approved fast so they can compete in today’s market.
Find loan programs with low down payment options (even 0% for eligible buyers).
Understand their true buying power with personalized mortgage planning.
Pro Tip: Pre-approval not only tells you what you can afford—it shows sellers you’re serious, giving you a competitive edge in negotiations.
What This Means for Sellers
For sellers, the Michigan housing market forecast is still favorable. While bidding wars are less common, well-priced homes are moving quickly. To maximize your sale:
Price competitively based on current market data.
Work with a lender who can help pre-approve qualified buyers fast.
Be ready for motivated buyers who now have more options and better financing.
Why You Should Act Now
The real estate trends in Michigan point to one thing: opportunity. Waiting for rates to drop further may backfire if demand surges again, pushing prices higher. Acting now means locking in a home before the competition returns.
That’s where I come in. As Mortgage Matt – Michigan’s Best Mortgage Lender, I’ll guide you through the process and ensure you get the best financing options available.
Start Your Home Purchase Today
Whether you’re buying your first home, moving up, or even refinancing, the Michigan real estate market in 2025 is full of opportunity—if you’re ready to act.
👉 Apply Online Now: https://matthewwatts.floify.com/apply
By Matthew Watts – “Mortgage Matt”
📞 Call or Text: (810) 919-8138
📧 Email: matt@iconmortgage.com
🌐 mortgagemattmi.com
Your trusted partner in navigating the Michigan real estate market.