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Featured local agent — Madison Heights, MI
Sarah Mitchell
Compass Real Estate · Madison Heights, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Madison Heights, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$235,000median sale price
How is the Madison Heights, MI housing market right now?
The median home sale price in Madison Heights, MI is $235,000, down 7.8% year-over-year. Homes sell in an average of 13 days with 62 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.)
Is Madison Heights a buyer's or seller's market?
Madison Heights, MI is currently a strong seller's market, based on 2.0 months of supply and homes selling in about 13 days. How we determine this →
Homes sold
31
Last 12 weeks
Days on market
13
Fast-moving
Active listings
62
2.0 months supply
Sale-to-list
100.6%
Above asking
What does the Madison Heights housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $235,000 |
| Median list price | $239,450 |
| Year-over-year price change | -7.8% |
| Average days on market | 13 days |
| Active inventory | 62 listings |
| Months of supply | 2.0 months |
| Sale-to-list price ratio | 100.6% |
| Median price per sq ft | $196/sq ft |
| Homes sold (latest month) | 31 |
| New listings (latest month) | 50 |
| Listings with a price cut | 33.9% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Madison Heights by property type?
How the Madison Heights, 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 | $235,000 | $196/sq ft | 31 | 13 days |
| Condo / Co-op | $199,000 | $177/sq ft | 1 | 16 days |
Source: Redfin · Updated monthly
The Madison Heights housing market is currently classified as a strong seller's market with a median sale price of $235,000. Prices have fallen 7.8% compared to last year, with homes spending an average of 13 days on market, indicating 2.0 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 Madison Heights
There are currently 62 homes listed for sale in Madison Heights, Michigan. The median listing price is $239K.
Active listings
62
Homes on market
Median list price
$239K
Avg. days on market
13
Days until sale
New this week
50
Newly listed
Who lives in Madison Heights?
Population
28,411
Median income
$66,726/yr
Median age
40.8 years
Owner-occupied
63.8%
College grads
32.1%
Avg commute
24.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Madison Heights?
Zillow home value
$225,261
Zillow rent index
$1,496/mo
Price-to-rent ratio
12.5x
Price-to-income
3.4x
Source: Zillow Research
What is it like to live in Madison Heights?
Madison Heights is a community of approximately 28K residents with a median age of 40.8 years.The median household income is $66,726, which represents a working-class community with solid middle-income opportunities. 32.1% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 63.8%, showing a blend of owner and renter-occupied properties. The average commute time is 24.9 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Madison Heights offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Madison Heights?
13 schools tracked · 4,003 students
The largest public schools serving Madison Heights, 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.
Lamphere High School
Grades 9-12 · 750 students
Page Middle School
Grades 6-8 · 533 students
Keys Grace Academy
Grades K-12 · 514 students
Madison Elementary School
Grades PK-5 · 355 students
Edmonson Elementary School
Grades PK-5 · 302 students
Four Corners Montessori Academy
Grades PK-8 · 272 students
Hiller Elementary School
Grades PK-5 · 257 students
Lessenger Elementary School
Grades PK-5 · 250 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 Madison Heights, MI?
Want a head-to-head view? Compare Madison Heights side-by-side with any other U.S. city using our market-comparison tool.
Is Madison Heights a good real estate investment market?
For investors evaluating Madison Heights, the price-to-rent ratio of 12.5x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has softened 7.8% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Madison Heights's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Madison Heights's median home price.
Frequently asked questions
What is the average home price in Madison Heights?
The median home sale price in Madison Heights is $235,000, down 7.8% from last year.
How long do homes stay on market in Madison Heights?
Homes typically spend 13 days on market before going under contract.
What is the median income in Madison Heights?
The median household income is $66,726 per year.
Is Madison Heights a buyer's or seller's market?
With 2.0 months of supply, Madison Heights is currently a strong seller's market.
What is the Zillow home value estimate for Madison Heights?
The Zillow Home Value Index (ZHVI) for Madison Heights is $225,261, representing the typical home value in the area.
What is the median condo price in Madison Heights?
The median condo/co-op sale price in Madison Heights, MI is $199,000, compared to $235,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Madison Heights?
The median single-family home price in Madison Heights, MI is $235,000 (about $196 per square foot).
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