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Featured local agent — Southfield, MI
Sarah Mitchell
Compass Real Estate · Southfield, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Southfield, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$235,000median sale price
How is the Southfield, MI housing market right now?
The median home sale price in Southfield, MI is $235,000, up 6.6% year-over-year. Homes sell in an average of 28 days with 151 active listings. The market is currently a balanced 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 Southfield a buyer's or seller's market?
Southfield, MI is currently a balanced market, based on 3.4 months of supply and homes selling in about 28 days. How we determine this →
Homes sold
45
Last 12 weeks
Days on market
28
Average pace
Active listings
151
3.4 months supply
Sale-to-list
99.5%
Below asking
What does the Southfield housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $235,000 |
| Median list price | $249,900 |
| Year-over-year price change | +6.6% |
| Average days on market | 28 days |
| Active inventory | 151 listings |
| Months of supply | 3.4 months |
| Sale-to-list price ratio | 99.5% |
| Median price per sq ft | $137/sq ft |
| Homes sold (latest month) | 45 |
| New listings (latest month) | 71 |
| Listings with a price cut | 23.2% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Southfield by property type?
How the Southfield, 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 | $275,000 | $143/sq ft | 35 | 21 days |
| Condo / Co-op | $162,000 | $108/sq ft | 10 | 63 days |
Source: Redfin · Updated monthly
The Southfield housing market is currently classified as a balanced market with a median sale price of $235,000. Prices have risen 6.6% compared to last year, with homes spending an average of 28 days on market, indicating 3.4 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 3.9x provides context for how home values compare to local earning capacity.
Homes for sale in Southfield
There are currently 151 homes listed for sale in Southfield, Michigan. The median listing price is $250K.
Active listings
151
Homes on market
Median list price
$250K
Avg. days on market
28
Days until sale
New this week
71
Newly listed
Who lives in Southfield?
Population
76,025
Median income
$65,848/yr
Median age
42.1 years
Owner-occupied
51.9%
College grads
39.1%
Avg commute
23.5 min
Source: U.S. Census Bureau ACS
What are homes worth in Southfield?
Zillow home value
$258,802
Zillow rent index
$1,533/mo
Price-to-rent ratio
14.1x
Price-to-income
3.9x
Source: Zillow Research
What is it like to live in Southfield?
Southfield is a community of approximately 76K residents with a median age of 42.1 years.The median household income is $65,848, which represents a working-class community with solid middle-income opportunities. 39.1% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 51.9%, showing a blend of owner and renter-occupied properties. The average commute time is 23.5 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Southfield offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Southfield?
18 schools tracked · 7,203 students
The largest public schools serving Southfield, 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.
Southfield High School for the Arts and Technology
Grades 9-12 · 1,190 students
Laurus Academy
Grades K-8 · 786 students
Bradford Academy
Grades PK-12 · 768 students
Dr Joseph F Pollack Academic Center of Excellence
Grades K-8 · 608 students
Adlai Stevenson Elementary School
Grades K-5 · 498 students
Alice M Birney K8 School
Grades PK-8 · 443 students
AGBU AlexMarie Manoogian School
Grades K-12 · 431 students
Glenn W Levey Middle School
Grades 6-8 · 351 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 Southfield, MI?
Want a head-to-head view? Compare Southfield side-by-side with any other U.S. city using our market-comparison tool.
Is Southfield a good real estate investment market?
For investors evaluating Southfield, the price-to-rent ratio of 14.1x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has appreciated 6.6% 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 Southfield's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Southfield's median home price.
Frequently asked questions
What is the average home price in Southfield?
The median home sale price in Southfield is $235,000, up 6.6% from last year.
How long do homes stay on market in Southfield?
Homes typically spend 28 days on market before going under contract.
What is the median income in Southfield?
The median household income is $65,848 per year.
Is Southfield a buyer's or seller's market?
With 3.4 months of supply, Southfield is currently a balanced market.
What is the Zillow home value estimate for Southfield?
The Zillow Home Value Index (ZHVI) for Southfield is $258,802, representing the typical home value in the area.
What is the median condo price in Southfield?
The median condo/co-op sale price in Southfield, MI is $162,000, compared to $275,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Southfield?
The median single-family home price in Southfield, MI is $275,000 (about $143 per square foot).
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