Farmington Hills, MI
Housing market overview · Updated weekly
$361,500median sale price
Homes sold
32
Last 12 weeks
Days on market
38
Average pace
Active listings
114
3.6 months supply
Sale-to-list
98.7%
Below asking
The Farmington Hills housing market is currently classified as a balanced market with a median sale price of $361,500. Prices have risen 4.9% compared to last year, with homes spending an average of 38 days on market, indicating 3.6 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Explore nearby cities in MI
Frequently asked questions
What is the average home price in Farmington Hills?
The median home sale price in Farmington Hills is $361,500, up 4.9% from last year.
How long do homes stay on market in Farmington Hills?
Homes typically spend 38 days on market before going under contract.
Is Farmington Hills a buyer's or seller's market?
With 3.6 months of supply, Farmington Hills is currently a balanced market.
Get Farmington Hills market alerts
Weekly updates on prices, inventory, and trends. Free forever.