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Featured local agent — Lathrup Village, MI
Sarah Mitchell
Compass Real Estate · Lathrup Village, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lathrup Village, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$302,000median sale price
How is the Lathrup Village, MI housing market right now?
The median home sale price in Lathrup Village, MI is $302,000, up 83.0% year-over-year. Homes sell in an average of 34 days with 5 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 Lathrup Village a buyer's or seller's market?
Lathrup Village, MI is currently a seller's market, based on 1.7 months of supply and homes selling in about 34 days. How we determine this →
Homes sold
3
Last 12 weeks
Days on market
34
Average pace
Active listings
5
1.7 months supply
Sale-to-list
98.7%
Below asking
What does the Lathrup Village housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $302,000 |
| Median list price | $322,400 |
| Year-over-year price change | +83.0% |
| Average days on market | 34 days |
| Active inventory | 5 listings |
| Months of supply | 1.7 months |
| Sale-to-list price ratio | 98.7% |
| Median price per sq ft | $186/sq ft |
| Homes sold (latest month) | 3 |
| New listings (latest month) | 4 |
| Listings with a price cut | 20.0% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Lathrup Village by property type?
How the Lathrup Village, 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 | $302,000 | $186/sq ft | 3 | 34 days |
| Condo / Co-op | $160,000 | $109/sq ft | 1 | 80 days |
Source: Redfin · Updated monthly
The Lathrup Village housing market is currently classified as a seller's market with a median sale price of $302,000. Prices have risen 83.0% compared to last year, with homes spending an average of 34 days on market, indicating 1.7 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 3.4x provides context for how home values compare to local earning capacity.
Homes for sale in Lathrup Village
There are currently 5 homes listed for sale in Lathrup Village, Michigan. The median listing price is $322K.
Active listings
5
Homes on market
Median list price
$322K
Avg. days on market
34
Days until sale
New this week
4
Newly listed
Who lives in Lathrup Village?
Population
4,049
Median income
$99,286/yr
Median age
47.1 years
Owner-occupied
92.1%
College grads
51.1%
Avg commute
23.2 min
Source: U.S. Census Bureau ACS
What are homes worth in Lathrup Village?
Zillow home value
$338,350
Price-to-income
3.4x
Source: Zillow Research
What is it like to live in Lathrup Village?
Lathrup Village is a community of approximately 4K residents with a median age of 47.1 years.The median household income is $99,286, which reflects a relatively affluent area with strong earning potential. 51.1% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 92.1%, reflecting strong community stability and long-term resident commitment. The average commute time is 23.2 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Lathrup Village offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Lathrup Village?
3 schools tracked · 922 students
The largest public schools serving Lathrup Village, 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.
MacArthur K8 University Academy
Grades K-8 · 450 students
University High School Academy
Grades 9-12 · 252 students
University Middle School Academy
Grades 6-8 · 220 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 Lathrup Village, MI?
Want a head-to-head view? Compare Lathrup Village side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Lathrup Village?
The median home sale price in Lathrup Village is $302,000, up 83.0% from last year.
How long do homes stay on market in Lathrup Village?
Homes typically spend 34 days on market before going under contract.
What is the median income in Lathrup Village?
The median household income is $99,286 per year.
Is Lathrup Village a buyer's or seller's market?
With 1.7 months of supply, Lathrup Village is currently a seller's market.
What is the Zillow home value estimate for Lathrup Village?
The Zillow Home Value Index (ZHVI) for Lathrup Village is $338,350, representing the typical home value in the area.
What is the median condo price in Lathrup Village?
The median condo/co-op sale price in Lathrup Village, MI is $160,000, compared to $302,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Lathrup Village?
The median single-family home price in Lathrup Village, MI is $302,000 (about $186 per square foot).
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