
23056 Springbrook Dr
Farmington Hills, MI 48336
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Compass Real Estate · Farmington Hills, MI
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Housing market overview · Updated monthly ·
$420,000median sale price
The median home sale price in Farmington Hills, MI is $420,000, up 4.3% year-over-year. Homes sell in an average of 13 days with 147 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Farmington Hills, MI is currently a strong seller's market, based on 2.3 months of supply and homes selling in about 13 days. How we determine this →
Homes sold
63
Last 12 weeks
Days on market
13
Fast-moving
Active listings
147
2.3 months supply
Sale-to-list
101.6%
Above asking
| Metric | Value |
|---|---|
| Median sale price | $420,000 |
| Median list price | $419,900 |
| Year-over-year price change | +4.3% |
| Average days on market | 13 days |
| Active inventory | 147 listings |
| Months of supply | 2.3 months |
| Sale-to-list price ratio | 101.6% |
| Median price per sq ft | $185/sq ft |
| Homes sold (latest month) | 63 |
| New listings (latest month) | 107 |
| Listings with a price cut | 27.9% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How the Farmington Hills, MI market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $432,500 | $186/sq ft | 50 | 10 days |
| Condo / Co-op | $331,000 | $166/sq ft | 13 | 32 days |
Source: Redfin · Updated monthly
The Farmington Hills housing market is currently classified as a strong seller's market with a median sale price of $420,000. Prices have risen 4.3% compared to last year, with homes spending an average of 13 days on market, indicating 2.3 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.9x provides context for how home values compare to local earning capacity.
There are currently 147 homes listed for sale in Farmington Hills, Michigan. The median listing price is $420K. Featured listings range from $175,000 to $1,150,000.

Farmington Hills, MI 48336
Keller Williams Advantage

Farmington Hills, MI 48335
Keller Williams Legacy

Farmington Hills, MI 48336
Benny Offer · Keller Williams Realty Lakeside

Farmington Hills, MI 48336
Good Company

Farmington Hills, MI 48336
Keller Williams Home

Farmington Hills, MI 48336
NextHome Statewide Real Estate

Farmington Hills, MI 48331
EXP Realty

Farmington Hills, MI 48335
EXP Realty The Perna Team

Farmington Hills, MI 48334
RE/MAX Dream Properties

Farmington Hills, MI 48335
Real Estate One-WB/FH

Farmington Hills, MI 48335
Real Estate One-Northville

Farmington Hills, MI 48167
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Active listings
147
Homes on market
Median list price
$420K
Avg. days on market
13
Days until sale
New this week
107
Newly listed
Population
83,316
Median income
$101,863/yr
Median age
41.4 years
Owner-occupied
64.0%
College grads
58.0%
Avg commute
24.5 min
Source: U.S. Census Bureau ACS
Zillow home value
$398,912
Zillow rent index
$1,435/mo
Price-to-rent ratio
23.2x
Price-to-income
3.9x
Source: Zillow Research
Farmington Hills is a community of approximately 83K residents with a median age of 41.4 years.The median household income is $101,863, which reflects a relatively affluent area with strong earning potential. 58.0% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 64.0%, showing a blend of owner and renter-occupied properties. The average commute time is 24.5 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Farmington Hills offers a balanced lifestyle with accessible home values relative to local income levels.
13 schools tracked · 6,725 students
The largest public schools serving Farmington Hills, MI by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
North Farmington High School
Grades 9-12 · 1,229 students
Farmington STEAM Academy
Grades K-8 · 722 students
Hillside Elementary School
Grades K-5 · 636 students
Power Middle School
Grades 6-8 · 617 students
Warner Middle School
Grades 6-8 · 543 students
East Middle School
Grades 6-8 · 540 students
JA Lanigan Elementary School
Grades K-5 · 487 students
Wood Creek Elementary School
Grades K-5 · 429 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Want a head-to-head view? Compare Farmington Hills side-by-side with any other U.S. city using our market-comparison tool.
For investors evaluating Farmington Hills, the price-to-rent ratio of 23.2x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 4.3% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Farmington Hills's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Farmington Hills's median home price.
The median home sale price in Farmington Hills is $420,000, up 4.3% from last year.
Homes typically spend 13 days on market before going under contract.
The median household income is $101,863 per year.
With 2.3 months of supply, Farmington Hills is currently a strong seller's market.
There are currently 147 homes listed for sale in Farmington Hills, MI.
The Zillow Home Value Index (ZHVI) for Farmington Hills is $398,912, representing the typical home value in the area.
The median condo/co-op sale price in Farmington Hills, MI is $331,000, compared to $432,500 for a single-family home, based on the latest Redfin data.
The median single-family home price in Farmington Hills, MI is $432,500 (about $186 per square foot).
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