Michigan · as of September 2026
What counts as luxury real estate in Michigan
The convention this site uses
In Michigan, this site treats homes at $1M and above as luxury. That is our own fixed band, set so the covered markets are the ones where the top of the market actually trades at that level. It is not a loan limit and it is not a median; the medians below are the middle of each market, and luxury inventory trades well above them. The rule and its reasoning are on the methodology page.
Michigan's luxury markets by home value
Zillow Home Value Index, typical middle-tier home, latest month.
What changes at this price in Michigan
Each fact links to the statute or agency that says so. Facts we could not verify against an official source are left out rather than guessed.
- Transfer and mansion taxes
- Michigan charges a state real estate transfer tax of $3.75 per $500 of value (0.75 percent) plus a county transfer tax of $0.55 per $500 (0.11 percent), for a combined 0.86 percent that is customarily paid by the seller. Source
- Agency and dual agency
- Michigan permits dual agency and designated agency only with the informed written consent of both buyer and seller after disclosure of the relationship. Source
- Seller disclosure
- Michigan sellers of residential property with one to four units must deliver the statutory Seller's Disclosure Statement to the buyer before a purchase agreement is signed. Source
- State estate or inheritance tax
- Michigan levies no state estate tax and no inheritance tax, so only the federal estate tax applies to a large estate. Source