New Listing
15
$175,000
23056 Springbrook Dr
Farmington Hills, MI 48336
4 bd2 ba2,496 sqft$70/ft²
House12,632 sqft lot
Keller Williams Advantage
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Compass Real Estate · Farmington Hills, MI
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Farmington Hills, MI Housing Market
Strong seller's market+0.8% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Farmington Hills, MI is worth $389,783, rose 0.8% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $420,000, +4.3% year over year (through May 2026). With 2.3 months of supply and homes going under contract in about 13 days, Farmington Hills is a strong seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $389,783 home is about $2,081/mo in principal and interest.
Key numbers for Farmington Hills, MI
Typical home value
$389,783
+0.8% in 12 months
Zillow, August 2026
Typical asking rent
$1,440/mo
Zillow Observed Rent Index
Zillow, August 2026
Median sale price
$420,000
+4.3% year over year
Redfin, through May 2026
Days on market
13
Fast-moving
Redfin, through May 2026
Active listings
147
2.3 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$101,863
Home costs 3.8x income
U.S. Census ACS, 2023
Sale-to-list ratio
101.6%
Selling above asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Farmington Hills a buyer's or seller's market?
Strong seller's market2.3 months of supply13 days on market101.6% of asking
Farmington Hills, MI is a strong seller's market, based on 2.3 months of supply and homes selling in about 13 days. Under 4 months of supply tilts the market toward sellers: homes clear faster than they are replaced, so concessions are scarce.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Farmington Hills housing market data show?
Every row below is Redfin's final published month for Farmington Hills, MI. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $420,000 |
| Median list price | $419,900 |
| Year-over-year price change | +4.3% |
| Median price per sq ft | $185/sq ft |
| Median days on market | 13 days |
| Active inventory | 147 listings |
| Months of supply | 2.3 months |
| Sale-to-list price ratio | 101.6% |
| Homes sold (that month) | 63 |
| New listings (that month) | 107 |
| Listings with a price cut | 27.9% |
| Market condition | Strong seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Farmington Hills is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Farmington Hills is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Farmington Hills home prices moved?
Over the last three years the median sale price in Farmington Hills, MI rose 9.1%, from $385,000 to $420,000. The live Zillow value series has rose 0.8% in the last 12 months, which is the more current read now that Redfin's series has stopped. 27.9% of Farmington Hills listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 2.3 months while the sale-to-list ratio slips below its current 101.6%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Farmington Hills?
Priced off the typical home value of $389,783 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $77,957 | $311,826 | $2,081/mo |
| 5% | $19,489 | $370,294 | $2,471/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $2,081, that implies roughly $89,180 a year before you add taxes and insurance. The median household in Farmington Hills earns $101,863, about $12,683 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 3.8x — above the historical 3x norm but in line with much of the country in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Farmington Hills in the next 12 months?
Tell us your timeline. We send the Farmington Hills market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Farmington Hills?
Typical asking rent in Farmington Hills, MI is $1,440/mo, against a typical home value of $389,783. That is a price-to-rent ratio of 22.6x, which means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Compared head to head, 20% down puts principal and interest at $2,081 a month — $641 more than renting before taxes and insurance, so the ownership case here rests on equity and appreciation rather than monthly cash flow.
Zillow, August 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Farmington Hills?
Active listings in Farmington Hills, MI went from 134 in May 2025 to 147 in May 2026, a +9.7% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 161 | 131 |
| July 2025 | 194 | 130 |
| August 2025 | 177 | 95 |
| September 2025 | 177 | 98 |
| October 2025 | 169 | 95 |
| November 2025 | 161 | 59 |
| December 2025 | 125 | 38 |
| January 2026 | 116 | 49 |
| February 2026 | 119 | 60 |
| March 2026 | 127 | 94 |
| April 2026 | 131 | 98 |
| May 2026 | 147 | 107 |
Redfin, through May 2026
How does Farmington Hills compare to Michigan and the U.S.?
Farmington Hills homes sell for $420,000 — 41% above the Michigan median of $297,900. Against the national median of $410,700, Farmington Hills runs 2% higher. Year-over-year, Farmington Hills moved +4.3% against Michigan's +4.6% — a smaller swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Farmington Hills, MI | $420,000 | +4.3% | 13 days |
| Michigan statewide | $297,900 | +4.6% | 24 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Farmington Hills
What buyers should watch
- Months of supply, currently 2.3. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 27.9%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $390 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $389,783 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Farmington Hills listing goes under contract in 13 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 101.6% of asking. Price at the number you want and let competition do the rest.
- In the last published month Farmington Hills added 107 new listings against 63 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved +0.8% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Farmington Hills varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Farmington Hills
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.
New Listing
19
$210,000
22335 Diamond Ct
Farmington Hills, MI 48335
Land33,977 sqft lot
Keller Williams Legacy
View photos & details
New Listing
25
$249,900
23268 Cora Ave
Farmington Hills, MI 48336
3 bd2 ba1,252 sqft$200/ft²
House8,276 sqft lot
Benny Offer · Keller Williams Realty Lakeside
View photos & details
New Listing
41
$250,000
22723 Middlebelt Rd
Farmington Hills, MI 48336
3 bd1 ba1,320 sqft$189/ft²
House3,920 sqft lot
Good Company
View photos & details
New Listing
15
$259,900
22160 Averhill St
Farmington Hills, MI 48336
3 bd2 ba1,572 sqft$165/ft²
House15,682 sqft lot
Keller Williams Home
View photos & details
New Listing
40
$280,000
30110 Fink Ave
Farmington Hills, MI 48336
3 bd1 ba1,050 sqft$267/ft²
House8,712 sqft lot
NextHome Statewide Real Estate
View photos & details
New Listing
30
$339,900
36445 Quakertown Ln
Farmington Hills, MI 48331
4 bd2 ba1,247 sqft$273/ft²
House20,038 sqft lot
EXP Realty
View photos & details
New Listing
49
$370,000
36567 Martel Ct
Farmington Hills, MI 48335
3 bd3 ba1,714 sqft$216/ft²
Condo
EXP Realty The Perna Team
View photos & details
New Listing
27
$420,000
32319 Nottingwood St
Farmington Hills, MI 48334
4 bd2 ba2,301 sqft$183/ft²
House15,246 sqft lot
RE/MAX Dream Properties
View photos & details
New Listing
43
$525,000
22677 Shadowglen Dr
Farmington Hills, MI 48335
4 bd2 ba2,522 sqft$208/ft²
House10,890 sqft lot
Real Estate One-WB/FH
View photos & details
New Listing
75
$530,000
25339 Crown Point Ct
Farmington Hills, MI 48335
4 bd2 ba3,535 sqft$150/ft²
House10,890 sqft lot
Real Estate One-Northville
View photos & details
New Listing
88
$1,150,000
21480 Lujon Ct
Farmington Hills, MI 48167
4 bd4 ba4,057 sqft$283/ft²
House16,988 sqft lot
Got Key'D Realty
View photos & details
Looking to buy in Farmington Hills?
Get connected with a local real estate expert — free, no obligation.
Active listings
147
Homes on market
Median list price
$420K
Avg. days on market
13
Days until sale
New this week
107
Newly listed
Price drops:27.9%of listings
Sale-to-list:101.6%
How much do homes cost in Farmington Hills by property type?
How the Farmington Hills, MI market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| 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 |
Who lives in Farmington Hills?
American Community Survey estimates for Farmington Hills. U.S. Census ACS, 2023
Population
83,316
Households
35,528
Median income
$101,863/yr
Median age
41.4 years
Owner-occupied
64.0%
Median home value
$333,200
Median gross rent
$1,475/mo
Mean commute
24.5 min
64.0% of occupied homes in Farmington Hills are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $333,200 against Zillow's $389,783 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $1,475/mo, below Zillow's $1,440/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
Which public schools serve Farmington Hills?
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.
Which cities are near Farmington Hills, MI?
Ordered by distance from Farmington Hills, not by size. Compare Farmington Hills side by side with any of them.
Which ZIP codes are in Farmington Hills?
These are the ZIP codes we see on active Farmington Hills listings. Redfin did not publish a matching ZIP-level sale row for the same period, so we are not ranking them by price here — each ZIP page shows exactly what we hold for it.
Farmington Hills housing market FAQ
Is Farmington Hills a buyer's or seller's market?
Farmington Hills, MI is currently a strong seller's market. That read comes from 2.3 months of supply, homes going under contract in about 13 days, and sellers getting 101.6% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Farmington Hills?
The typical home in Farmington Hills, MI is worth $389,783 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $420,000, about $185 per square foot.
Is Farmington Hills cheaper than the rest of Michigan?
Farmington Hills's median sale price of $420,000 is 41% higher than the Michigan statewide median of $297,900, and 2% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Farmington Hills?
Homes in Farmington Hills, MI spent a median of 13 days on market before going under contract, versus 24 days statewide. Under three weeks means well-priced listings move before most buyers can schedule a second showing. (Redfin, through May 2026.)
What income do you need to buy a home in Farmington Hills?
At the current 30-year fixed rate of 7.03%, 20% down on a $389,783 home is about $2,081 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $89,180 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $101,863.
Are home prices rising in Farmington Hills?
The typical home value in Farmington Hills, MI rose 0.8% over the last 12 months, from $386,550 to $389,783 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Farmington Hills?
Farmington Hills ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Farmington Hills?
That depends on your timeline, not on a headline. What the data says today: Farmington Hills, MI is a strong seller's market with 2.3 months of supply, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 22.6x means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Properties Incorporated publishes the data; it does not give financial advice.
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