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Featured local agent — Hazel Park, MI
Sarah Mitchell
Compass Real Estate · Hazel Park, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Hazel Park, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$185,000median sale price
How is the Hazel Park, MI housing market right now?
The median home sale price in Hazel Park, MI is $185,000, up 12.1% year-over-year. Homes sell in an average of 25 days with 58 active listings. The market is currently a 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.)
Is Hazel Park a buyer's or seller's market?
Hazel Park, MI is currently a seller's market, based on 2.3 months of supply and homes selling in about 25 days. How we determine this →
Homes sold
25
Last 12 weeks
Days on market
25
Average pace
Active listings
58
2.3 months supply
Sale-to-list
100.9%
Above asking
What does the Hazel Park housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $185,000 |
| Median list price | $202,200 |
| Year-over-year price change | +12.1% |
| Average days on market | 25 days |
| Active inventory | 58 listings |
| Months of supply | 2.3 months |
| Sale-to-list price ratio | 100.9% |
| Median price per sq ft | $159/sq ft |
| Homes sold (latest month) | 25 |
| New listings (latest month) | 30 |
| Listings with a price cut | 41.4% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Hazel Park by property type?
How the Hazel Park, 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 | $185,000 | $159/sq ft | 25 | 25 days |
| Condo / Co-op | $265,000 | $193/sq ft | 1 | 45 days |
Source: Redfin · Updated monthly
The Hazel Park housing market is currently classified as a seller's market with a median sale price of $185,000. Prices have risen 12.1% compared to last year, with homes spending an average of 25 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 2.6x provides context for how home values compare to local earning capacity.
Homes for sale in Hazel Park
There are currently 58 homes listed for sale in Hazel Park, Michigan. The median listing price is $202K.
Active listings
58
Homes on market
Median list price
$202K
Avg. days on market
25
Days until sale
New this week
30
Newly listed
Who lives in Hazel Park?
Population
14,945
Median income
$62,878/yr
Median age
36.5 years
Owner-occupied
61.6%
College grads
25.1%
Avg commute
25.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Hazel Park?
Zillow home value
$162,003
Zillow rent index
$1,496/mo
Price-to-rent ratio
9.0x
Price-to-income
2.6x
Source: Zillow Research
What is it like to live in Hazel Park?
Hazel Park is a community of approximately 15K residents with a median age of 36.5 years.The median household income is $62,878, which represents a working-class community with solid middle-income opportunities. 25.1% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 61.6%, showing a blend of owner and renter-occupied properties. The average commute time is 25.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Hazel Park offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Hazel Park?
9 schools tracked · 5,380 students
The largest public schools serving Hazel Park, 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.
Michigan Virtual Charter Academy
Grades PK-12 · 2,921 students
Hazel Park High School
Grades 9-12 · 557 students
Hazel Park Junior High School
Grades 6-8 · 434 students
United Oaks Elementary School
Grades K-5 · 335 students
Michigan Cyber Academy
Grades 9-12 · 332 students
Invest Roosevelt Alternative High School
Grades 9-12 · 316 students
Hoover Elementary School
Grades PK-5 · 249 students
Advantage Alternative Program
Grades K-12 · 190 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 Hazel Park, MI?
Want a head-to-head view? Compare Hazel Park side-by-side with any other U.S. city using our market-comparison tool.
Is Hazel Park a good real estate investment market?
For investors evaluating Hazel Park, the price-to-rent ratio of 9.0x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has appreciated 12.1% 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 Hazel Park's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Hazel Park's median home price.
Frequently asked questions
What is the average home price in Hazel Park?
The median home sale price in Hazel Park is $185,000, up 12.1% from last year.
How long do homes stay on market in Hazel Park?
Homes typically spend 25 days on market before going under contract.
What is the median income in Hazel Park?
The median household income is $62,878 per year.
Is Hazel Park a buyer's or seller's market?
With 2.3 months of supply, Hazel Park is currently a seller's market.
What is the Zillow home value estimate for Hazel Park?
The Zillow Home Value Index (ZHVI) for Hazel Park is $162,003, representing the typical home value in the area.
What is the median condo price in Hazel Park?
The median condo/co-op sale price in Hazel Park, MI is $265,000, compared to $185,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Hazel Park?
The median single-family home price in Hazel Park, MI is $185,000 (about $159 per square foot).
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