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Featured local agent — Harper Woods, MI
Sarah Mitchell
Compass Real Estate · Harper Woods, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Harper Woods, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$157,500median sale price
How is the Harper Woods, MI housing market right now?
The median home sale price in Harper Woods, MI is $157,500, up 0.2% year-over-year. Homes sell in an average of 26 days with 75 active listings. The market is currently a leaning buyer's. (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.)
Is Harper Woods a buyer's or seller's market?
Harper Woods, MI is currently a leaning buyer's, based on 5.4 months of supply and homes selling in about 26 days. How we determine this →
Homes sold
14
Last 12 weeks
Days on market
26
Average pace
Active listings
75
5.4 months supply
Sale-to-list
98.3%
Below asking
What does the Harper Woods housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $157,500 |
| Median list price | $159,950 |
| Year-over-year price change | +0.2% |
| Average days on market | 26 days |
| Active inventory | 75 listings |
| Months of supply | 5.4 months |
| Sale-to-list price ratio | 98.3% |
| Median price per sq ft | $118/sq ft |
| Homes sold (latest month) | 14 |
| New listings (latest month) | 30 |
| Listings with a price cut | 30.7% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Harper Woods by property type?
How the Harper Woods, 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 | $180,000 | $119/sq ft | 13 | 29 days |
| Condo / Co-op | $45,000 | $41/sq ft | 1 | 20 days |
Source: Redfin · Updated monthly
The Harper Woods housing market is currently classified as a leaning buyer's with a median sale price of $157,500. Prices have risen 0.2% compared to last year, with homes spending an average of 26 days on market, indicating 5.4 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 2.6x provides context for how home values compare to local earning capacity.
Homes for sale in Harper Woods
There are currently 75 homes listed for sale in Harper Woods, Michigan. The median listing price is $160K.
Active listings
75
Homes on market
Median list price
$160K
Avg. days on market
26
Days until sale
New this week
30
Newly listed
Who lives in Harper Woods?
Population
15,205
Median income
$61,446/yr
Median age
37.1 years
Owner-occupied
66.0%
College grads
25.0%
Avg commute
26.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Harper Woods?
Zillow home value
$159,856
Zillow rent index
$1,445/mo
Price-to-rent ratio
9.2x
Price-to-income
2.6x
Source: Zillow Research
What is it like to live in Harper Woods?
Harper Woods is a community of approximately 15K residents with a median age of 37.1 years.The median household income is $61,446, which represents a working-class community with solid middle-income opportunities. 25.0% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 66.0%, reflecting strong community stability and long-term resident commitment. The average commute time is 26.9 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Harper Woods offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Harper Woods?
11 schools tracked · 5,417 students
The largest public schools serving Harper Woods, 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.
Harper Woods High School
Grades 9-12 · 878 students
Chandler Park Academy Elementary
Grades PK-5 · 793 students
Harper Woods Virtual Academy
Grades K-12 · 746 students
Chandler Park Academy High School
Grades 9-12 · 703 students
Chandler Park Academy Middle School
Grades 6-8 · 587 students
Discovery Creative Pathways Harper Woods
Grades K-8 · 579 students
Beacon Elementary School
Grades PK-2 · 357 students
Harper Woods Middle School
Grades 6-8 · 349 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 Harper Woods, MI?
Want a head-to-head view? Compare Harper Woods side-by-side with any other U.S. city using our market-comparison tool.
Is Harper Woods a good real estate investment market?
For investors evaluating Harper Woods, the price-to-rent ratio of 9.2x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has appreciated 0.2% 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 Harper Woods's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Harper Woods's median home price.
Frequently asked questions
What is the average home price in Harper Woods?
The median home sale price in Harper Woods is $157,500, up 0.2% from last year.
How long do homes stay on market in Harper Woods?
Homes typically spend 26 days on market before going under contract.
What is the median income in Harper Woods?
The median household income is $61,446 per year.
Is Harper Woods a buyer's or seller's market?
With 5.4 months of supply, Harper Woods is currently a leaning buyer's.
What is the Zillow home value estimate for Harper Woods?
The Zillow Home Value Index (ZHVI) for Harper Woods is $159,856, representing the typical home value in the area.
What is the median condo price in Harper Woods?
The median condo/co-op sale price in Harper Woods, MI is $45,000, compared to $180,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Harper Woods?
The median single-family home price in Harper Woods, MI is $180,000 (about $119 per square foot).
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