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Sarah Mitchell
Compass Real Estate · ZIP 48114
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48114 ZIP Code Housing Market
$487,450median sale price
What is the 48114 housing market like right now?
The median home sale price in ZIP code 48114 is $487,450, down 10.0% year-over-year. Homes sell in an average of 29 days with 50 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 48114 ZIP code a buyer's or seller's market?
ZIP code 48114 is currently a balanced market and homes selling in about 29 days. How we determine this →
What are the latest 48114 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $487,450 |
| Median list price | $525,000 |
| Year-over-year price change | -10.0% |
| Average days on market | 29 days |
| Active inventory | 50 listings |
| Sale-to-list price ratio | 102.5% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
The 48114 zip code, located in Brighton, MI, is currently classified as a balanced market. The median sale price stands at $487,450, representing a -10.0% change year over year. Homes in this area spend an average of 29 days on the market before going under contract. There are currently 50 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 48114 sits in the Brighton, MI area, roughly 3 miles from downtown Brighton. Because home prices are set street by street, this ZIP can move differently from Brighton's citywide averages. The figures below reflect 48114 specifically — drawn from Redfin transactions, U.S. Census data for its 21,588 residents, and Zillow value estimates.
Homes sold
54
Last 12 weeks
Days on market
29
Average pace
Active listings
50
Sale-to-list
102.5%
Above asking
What is driving the 48114 housing market?
The 48114 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a balanced market, homes are selling at approximately 102.5% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 48114 have declined -10.0% compared to last year, which may present opportunities for buyers looking to enter the market at a lower price point. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 48114 stands at $488,637, which represents Zillow's estimate of the typical home value in the area. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 48114?
Population
21,588
Median income
$124,063/yr
Median age
44 years
Owner-occupied
93.1%
College grads
50.0%
Avg commute
29.3 min
What is it like living in 48114?
Zip code 48114 is home to approximately 21,588 residents. The median household income is $124,063 per year, which shapes the types of homes and amenities available in the area. With a median age of 44 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 93.1% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 50.0% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 29.3 minutes, which is close to the national average. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 48114.
Which public schools serve ZIP 48114?
5 schools tracked · 2,402 students
The largest public schools serving ZIP code 48114 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.
Hartland Farms Intermediate School
Grades 4-6 · 761 students
Spencer Road Elementary School
Grades K-4 · 537 students
Hilton Road Elementary School
Grades K-4 · 498 students
Hartland Lakes Elementary School
Grades K-4 · 464 students
FlexTech High School
Grades 9-12 · 142 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 48114
What is the median home price in 48114?
The current median sale price in 48114 is $487,450, based on recent Redfin transaction data. Prices have changed -10.0% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 48114 a buyer's or seller's market?
The 48114 zip code is currently classified as a balanced market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population of zip code 48114?
Zip code 48114 has a population of approximately 21,588 residents. The median household income is $124,063 per year. About 93.1% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 48114?
Properties Incorporated provides comprehensive data for 48114 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 48114 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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