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WATERFORD, MI 48329

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

Market Analysis

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

The WATERFORD, MI real estate market (48329) currently shows 59 active listings, with 25 pending sales. Homes are averaging 51 days on the market before going under contract.

Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 51 days on market compared to 33 days last year.

The median listing price has fallen 9.5% year-over-year, from $330,975 to $299,475.

Whether you are buying or selling in WATERFORD, 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: 23,932  ·  Density: 897.6/mi²  ·  Median household income: $86,768

Typical home value: $234,324  ·  Homeownership: 89.0%

Market Overview

Active Listings
59
⇩ 3.3% vs 61 last year
Pending
25
42% pending ratio
Median Price
$299,475
⇩ 9.5% vs $330,975 last year
Average Price
$411,143
⇩ 13.8% vs $476,831 last year
Days on Market
51
⇧ 54.5% vs 33 days last year

Price Per Square Foot

Median $/sqft
$216
⇧ 3.8% vs $208/sqft last year
Median Home Size
1,550 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 59 this year vs 61 last year
  • Days on market: 51 now vs 33 last year

Median & Average Pricing

Year over Year
  • Median: $299,475 (-9.5% YoY)
  • Average: $411,143 (-13.8% 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 10.6 miles — 542 listings ($269,410,525 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48329Waterford, MI 483290.0 mi67$26,926,697$289,900$401,891
48327Waterford, MI 483273.3 mi50$16,366,050$299,020$327,321
48386White Lake, MI 483864.9 mi36$16,534,872$350,000$459,302
48348Clarkston, MI 483485.5 mi42$28,883,568$584,900$687,704
48359Lake Orion, MI 483596.1 mi28$13,547,744$499,950$483,848
48341Pontiac, MI 483416.4 mi41$7,168,153$139,900$174,833
48326Auburn Hills, MI 483266.9 mi35$13,339,270$360,000$381,122
48383White Lake, MI 483837.8 mi17$12,747,688$529,950$749,864
48350Davisburg, MI 483508.2 mi22$15,878,962$537,000$721,771
48362Lake Orion, MI 483628.9 mi39$31,929,885$532,900$818,715
48322West Bloomfield, MI 4832210.1 mi90$41,168,250$365,000$457,425
48356Highland, MI 4835610.4 mi16$5,929,472$324,900$370,592
48309Rochester, MI 4830910.6 mi59$38,989,914$550,000$660,846

Frequently Asked Questions

How many homes are for sale in WATERFORD, MI 48329?

As of February 2026, there are 59 active listings in WATERFORD, MI (zip code 48329), compared to 61 the prior year.

What is the median home price in WATERFORD, MI 48329?

The median listing price in WATERFORD, MI 48329 is $299,475 as of February 2026, a 9.5% decrease from $330,975 the prior year.

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

Homes in WATERFORD, MI 48329 spend an average of 51 days on the market before going under contract, compared to 33 days the prior year.

Is it a seller's or buyer's market in WATERFORD, MI 48329?

Based on current inventory and days-on-market data as of February 2026, WATERFORD, MI 48329 is currently a Balanced Market. Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 51 days on market compared to 33 days last year.

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

With SELL123.com's maximum 3% commission, sellers in WATERFORD, MI 48329 save an estimated $5,990 compared to a typical 5% commission on the median listing price of $299,475. 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.