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Sarah Mitchell
Compass Real Estate · ZIP 48150
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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48150 ZIP Code Housing Market
$301,250median sale price
What is the 48150 housing market like right now?
The median home sale price in ZIP code 48150 is $301,250, up 2.1% year-over-year. Homes sell in an average of 10 days with 36 active listings. The market is currently a seller's 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 48150 ZIP code a buyer's or seller's market?
ZIP code 48150 is currently a seller's market and homes selling in about 10 days. How we determine this →
What are the latest 48150 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $301,250 |
| Median list price | $289,950 |
| Year-over-year price change | +2.1% |
| Average days on market | 10 days |
| Active inventory | 36 listings |
| Sale-to-list price ratio | 101.7% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
The 48150 zip code, located in Livonia, MI, is currently classified as a seller's market. The median sale price stands at $301,250, representing a +2.1% change year over year. Homes in this area spend an average of 10 days on the market before going under contract. There are currently 36 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 48150 sits in the Livonia, MI area, roughly 1.8 miles from downtown Livonia. Because home prices are set street by street, this ZIP can move differently from Livonia's citywide averages. The figures below reflect 48150 specifically — drawn from Redfin transactions, U.S. Census data for its 26,687 residents, and Zillow value estimates.
Homes sold
72
Last 12 weeks
Days on market
10
Fast-moving
Active listings
36
Sale-to-list
101.7%
Above asking
What is driving the 48150 housing market?
The 48150 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a seller's market, homes are selling at approximately 101.7% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 48150 have increased +2.1% compared to last year, suggesting continued demand and potential for further appreciation. 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 48150 stands at $287,721, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $1,783 per month. This gives a price-to-rent ratio of approximately 13.5, which suggests that buying may be more cost-effective than renting in this area over the long term. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 48150?
Population
26,687
Median income
$97,997/yr
Median age
39.8 years
Owner-occupied
89.2%
College grads
38.0%
Avg commute
26.96 min
What is it like living in 48150?
Zip code 48150 is home to approximately 26,687 residents. The median household income is $97,997 per year, which shapes the types of homes and amenities available in the area. With a median age of 39.8 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 89.2% 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 38.0% 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 26.96 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 48150.
Which public schools serve ZIP 48150?
9 schools tracked · 4,437 students
The largest public schools serving ZIP code 48150 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.
Franklin High School
Grades 9-12 · 1,306 students
Churchill High School
Grades 7-12 · 1,247 students
Emerson Middle School
Grades 6-8 · 631 students
Grant Elementary School
Grades PK-4 · 493 students
Cleveland Elementary School
Grades PK-4 · 400 students
Rosedale Elementary
Grades PK-4 · 275 students
Garfield Community School
Grades 12 · 57 students
Blended Learning Academies Credit Recovery High School Liv
Grades 9-12 · 27 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 48150
What is the median home price in 48150?
The current median sale price in 48150 is $301,250, based on recent Redfin transaction data. Prices have changed +2.1% 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 48150 a buyer's or seller's market?
The 48150 zip code is currently classified as a seller's 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 48150?
Zip code 48150 has a population of approximately 26,687 residents. The median household income is $97,997 per year. About 89.2% 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 48150?
Properties Incorporated provides comprehensive data for 48150 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 48150 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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