Southfield, MI Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Southfield, MI is $230,000, up 4.5% year-over-year. Homes sell in an average of 35 days with 125 active listings. The market is currently a balanced market.
$230,000median sale price
Is Southfield a buyer's or seller's market?
Southfield, MI is currently a balanced market, based on 3.0 months of supply and homes selling in about 35 days. How we determine this →
Homes sold
41
Last 12 weeks
Days on market
35
Average pace
Active listings
125
3.0 months supply
Sale-to-list
97.9%
Below asking
Southfield, MI market data
| Metric | Value |
|---|---|
| Median sale price | $230,000 |
| Median list price | $229,950 |
| Year-over-year price change | +4.5% |
| Average days on market | 35 days |
| Active inventory | 125 listings |
| Months of supply | 3.0 months |
| Sale-to-list price ratio | 97.9% |
| Market condition | Balanced market |
Source: Redfin · Updated weekly
The Southfield housing market is currently classified as a balanced market with a median sale price of $230,000. Prices have risen 4.5% compared to last year, with homes spending an average of 35 days on market, indicating 3.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Southfield
There are currently 125 homes listed for sale in Southfield, Michigan. The median listing price is $230K.
Active listings
125
Homes on market
Median list price
$230K
Avg. days on market
35
Days until sale
New this week
46
Newly listed
Top public schools in 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.
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Frequently asked questions
What is the average home price in Southfield?
The median home sale price in Southfield is $230,000, up 4.5% from last year.
How long do homes stay on market in Southfield?
Homes typically spend 35 days on market before going under contract.
Is Southfield a buyer's or seller's market?
With 3.0 months of supply, Southfield is currently a balanced market.
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