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Berkley School Park Downtown Berkley (Downtown) Ellwood Heights North Oak Park Thomas Park

SOUTHFIELD, MI 48076

Real Estate Market Report
Balanced Market
February 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 48076

Berkley School Park · Downtown Berkley (Downtown) · Ellwood Heights · North Oak Park · Thomas Park

Market Analysis

Data as of February 2026. Source: Realtor.com.

The SOUTHFIELD, MI real estate market (48076) currently shows 56 active listings, with 26 pending sales. Homes are averaging 61 days on the market before going under contract.

Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 61 days on market compared to 60 days last year.

The median listing price has fallen 0.9% year-over-year, from $288,425 to $285,950.

Whether you are buying or selling in SOUTHFIELD, MI, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 24,254  ·  Density: 1,320.1/mi²  ·  Median household income: $82,129

Typical home value: $240,228  ·  Homeownership: 72.4%

Market Overview

Active Listings
56
⇩ 5.1% vs 59 last year
Pending
26
46% pending ratio
Median Price
$285,950
⇩ 0.9% vs $288,425 last year
Average Price
$282,561
⇩ 0.4% vs $283,766 last year
Days on Market
61
⇧ 1.7% vs 60 days last year

Price Per Square Foot

Median $/sqft
$160
⇩ 4.2% vs $167/sqft last year
Median Home Size
1,588 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 56 this year vs 59 last year
  • Days on market: 61 now vs 60 last year

Median & Average Pricing

Year over Year
  • Median: $285,950 (-0.9% YoY)
  • Average: $282,561 (-0.4% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 6.9 miles — 1,135 listings ($504,840,981 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48076Southfield, MI 480760.0 mi64$18,626,368$285,000$291,037
48025Franklin, MI 480252.4 mi43$47,151,650$750,000$1,096,550
48034Southfield, MI 480343.1 mi20$6,579,480$299,900$328,974
48237Oak Park, MI 482373.3 mi80$19,973,120$244,900$249,664
48073Royal Oak, MI 480733.7 mi110$52,880,410$375,000$480,731
48301Bloomfield Hills, MI 483014.2 mi33$51,350,607$1,162,000$1,556,079
48067Royal Oak, MI 480674.8 mi112$51,298,240$375,000$458,020
48219Detroit, MI 482195.1 mi236$25,793,620$95,450$109,295
48235Detroit, MI 482355.2 mi217$28,921,326$129,900$133,278
48334Farmington, MI 483346.1 mi41$14,447,744$289,900$352,384
48304Bloomfield Hills, MI 483046.2 mi57$82,599,612$490,000$1,449,116
48336Farmington, MI 483366.4 mi83$28,172,939$267,450$339,433
48302Bloomfield Hills, MI 483026.9 mi39$77,045,865$950,000$1,975,535

Frequently Asked Questions

How many homes are for sale in SOUTHFIELD, MI 48076?

As of February 2026, there are 56 active listings in SOUTHFIELD, MI (zip code 48076), compared to 59 the prior year.

What is the median home price in SOUTHFIELD, MI 48076?

The median listing price in SOUTHFIELD, MI 48076 is $285,950 as of February 2026, a 0.9% decrease from $288,425 the prior year.

How long do homes stay on the market in SOUTHFIELD, MI?

Homes in SOUTHFIELD, MI 48076 spend an average of 61 days on the market before going under contract, compared to 60 days the prior year.

Is it a seller's or buyer's market in SOUTHFIELD, MI 48076?

Based on current inventory and days-on-market data as of February 2026, SOUTHFIELD, MI 48076 is currently a Balanced Market. Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 61 days on market compared to 60 days last year.

How much can I save on real estate commission in SOUTHFIELD, MI?

With SELL123.com's maximum 3% commission, sellers in SOUTHFIELD, MI 48076 save an estimated $5,719 compared to a typical 5% commission on the median listing price of $285,950. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.