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Featured local agent — Walled Lake, MI
Sarah Mitchell
Compass Real Estate · Walled Lake, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Walled Lake, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$280,500median sale price
How is the Walled Lake, MI housing market right now?
The median home sale price in Walled Lake, MI is $280,500, up 2.8% year-over-year. Homes sell in an average of 13 days with 31 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 Walled Lake a buyer's or seller's market?
Walled Lake, MI is currently a seller's market, based on 2.6 months of supply and homes selling in about 13 days. How we determine this →
Homes sold
12
Last 12 weeks
Days on market
13
Fast-moving
Active listings
31
2.6 months supply
Sale-to-list
99.6%
Below asking
What does the Walled Lake housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $280,500 |
| Median list price | $307,500 |
| Year-over-year price change | +2.8% |
| Average days on market | 13 days |
| Active inventory | 31 listings |
| Months of supply | 2.6 months |
| Sale-to-list price ratio | 99.6% |
| Median price per sq ft | $208/sq ft |
| Homes sold (latest month) | 12 |
| New listings (latest month) | 20 |
| Listings with a price cut | 38.7% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Walled Lake by property type?
How the Walled Lake, 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 | $371,000 | $228/sq ft | 1 | 12 days |
| Condo / Co-op | $276,000 | $199/sq ft | 11 | 13 days |
Source: Redfin · Updated monthly
The Walled Lake housing market is currently classified as a seller's market with a median sale price of $280,500. Prices have risen 2.8% compared to last year, with homes spending an average of 13 days on market, indicating 2.6 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 3.7x provides context for how home values compare to local earning capacity.
Homes for sale in Walled Lake
There are currently 31 homes listed for sale in Walled Lake, Michigan. The median listing price is $308K.
Active listings
31
Homes on market
Median list price
$308K
Avg. days on market
13
Days until sale
New this week
20
Newly listed
Who lives in Walled Lake?
Population
7,275
Median income
$67,335/yr
Median age
40.7 years
Owner-occupied
60.5%
College grads
31.9%
Avg commute
24.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Walled Lake?
Zillow home value
$246,960
Zillow rent index
$1,700/mo
Price-to-rent ratio
12.1x
Price-to-income
3.7x
Source: Zillow Research
What is it like to live in Walled Lake?
Walled Lake is a community of approximately 7K residents with a median age of 40.7 years.The median household income is $67,335, which represents a working-class community with solid middle-income opportunities. 31.9% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 60.5%, showing a blend of owner and renter-occupied properties. The average commute time is 24.7 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Walled Lake offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Walled Lake?
3 schools tracked · 626 students
The largest public schools serving Walled Lake, 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.
Mary Helen Guest Elementary School
Grades K-5 · 324 students
Walled Lake Elementary School
Grades K-5 · 302 students
Walled Lake Schools Special Services
Grades 2
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 Walled Lake, MI?
Want a head-to-head view? Compare Walled Lake side-by-side with any other U.S. city using our market-comparison tool.
Is Walled Lake a good real estate investment market?
For investors evaluating Walled Lake, the price-to-rent ratio of 12.1x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has appreciated 2.8% 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 Walled Lake's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Walled Lake's median home price.
Frequently asked questions
What is the average home price in Walled Lake?
The median home sale price in Walled Lake is $280,500, up 2.8% from last year.
How long do homes stay on market in Walled Lake?
Homes typically spend 13 days on market before going under contract.
What is the median income in Walled Lake?
The median household income is $67,335 per year.
Is Walled Lake a buyer's or seller's market?
With 2.6 months of supply, Walled Lake is currently a seller's market.
What is the Zillow home value estimate for Walled Lake?
The Zillow Home Value Index (ZHVI) for Walled Lake is $246,960, representing the typical home value in the area.
What is the median condo price in Walled Lake?
The median condo/co-op sale price in Walled Lake, MI is $276,000, compared to $371,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Walled Lake?
The median single-family home price in Walled Lake, MI is $371,000 (about $228 per square foot).
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