Oakland County, MI Home Values & Market Trends
The median home price in Oakland County, MI is $341,546.72. There were 18,472 home sales in Oakland County, MI over the past 12 months. The median residential Oakland County, MI home value for transactions over the previous year is $301,397.499. The number of current listings in Oakland County, MI is 1,535, and the percentage of properties for sale is 1535.00%. The county has 328 foreclosures, 52 bank owned properties, 276 headed for auction, and 1,535 properties for sale.
Oakland County, MI Real Estate Market Overview
| City | Median Est. Value | City | Median Est. Value |
|---|---|---|---|
| Waterford | $ 272,114 $ 179/sqft | Rochester | $ 622,342 $ 246/sqft |
| Bloomfield Hills | $ 681,236 $ 231/sqft | Hazel Park | $ 153,254 $ 159/sqft |
| Southfield | $ 222,236 $ 149/sqft | Auburn Hills | $ 310,151 $ 197/sqft |
| Pontiac | $ 129,555 $ 107/sqft | Holly | $ 299,900 $ 197/sqft |
| West Bloomfield | $ 359,900 $ 183/sqft | Berkley | $ 308,377 $ 256/sqft |
| Royal Oak | $ 310,364 $ 251/sqft | Wixom | $ 364,500 $ 204/sqft |
| Birmingham | $ 1,275,000 $ 421/sqft | Highland | $ 350,875 $ 184/sqft |
| Troy | $ 429,900 $ 204/sqft | Clawson | $ 255,675 $ 203/sqft |
| Clarkston | $ 380,875 $ 196/sqft | Franklin | $ 1,045,000 $ 279/sqft |
| Commerce Township | $ 416,950 $ 212/sqft | Ortonville | $ 343,061 $ 194/sqft |
| Novi | $ 374,880 $ 207/sqft | Oakland | $ 622,347 $ 216/sqft |
| Ferndale | $ 209,900 $ 193/sqft | Farmington | $ 235,436 $ 168/sqft |
| White Lake | $ 341,179 $ 202/sqft | Walled Lake | $ 290,339 $ 181/sqft |
| South Lyon | $ 438,151 $ 206/sqft | Leonard | $ 475,000 $ 211/sqft |
| Lake Orion | $ 359,880 $ 186/sqft | New Hudson | $ 461,147 $ 201/sqft |
| Oxford | $ 415,500 $ 200/sqft | Huntington Woods | $ 470,840 $ 295/sqft |
| Madison Heights | $ 202,769 $ 187/sqft | Davisburg | $ 360,072 $ 222/sqft |
| Milford | $ 411,503 $ 239/sqft | Keego Harbor | $ 227,293 $ 186/sqft |
| Oak Park | $ 223,642 $ 161/sqft | Pleasant Ridge | $ 441,791 $ 275/sqft |
Housing Market Summary for Oakland County, MI
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $368.6K | $321.5K | -12.78% |
| Median Sold Price | $317.6K | $321.5K | 1.24% |
| Homes For Sale | 1,671 | 1,387 | -17.00% |
| Homes Sold | 12,333 | 12,052 | -2.28% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Oakland County, MI
Browse Homes in Oakland County, MI
Oakland County, MI home values range from $18,398 to $50,767,443. Birmingham is the priciest city with a median listing home price of $1,299,900, and Pontiac is most affordable with average house prices of around $139,000.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Oakland County, MI with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 38 cities within Oakland County, MI; of those cities, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Oakland County, MI ranges from the highest value of $450,000 in Rochester to the lowest value of $104,208 in Commerce Township. Bank owned homes and properties account for 0.01% of properties in Oakland County, MI. There are 38 cities within Oakland County, MI; Southfield containing 8 REO properties, has the highest number of bank owned properties in a single city.
- AuctionsSouthfield has 37 auction properties, the highest number of properties going to auction in a single city in the state of Oakland County, MI. Auction homes and other auction properties account for 0.06% of all properties in Oakland County, MI. There are 38 cities within Oakland County, MI; of those cities, the median estimated home value for homes going to auction ranges from $557,894 in Oakland to the lowest value of $59,269 in Oakland.
Compare Nearby Cities
More Real Estate Resources for Oakland County, MI
Guide for Oakland County, MI
Explore the nuances of Michigan’s 2023 real estate market, where rising property values meet shifting sold prices and distressed properties offer investment opportunities amidst a stable yet competitive landscape.
The 2023 Detroit real estate market trend showed steady average listing values and an increase in property sales, with neighboring cities displaying more fluctuation but higher property values. This reflects the city’s resilience amidst an unpredictable industry landscape.
Why Buying a Foreclosure is a Smart Move
Information on foreclosure financing, refinancing, and foreclosure mortgages.
