Southfield, MI Housing Market
The Southfield housing market is somewhat competitive. Homes in Southfield receive 2 offers on average and sell in around 41 days. The median sale price of a home in Southfield was $243K last month, up 23.7% since last year. The median sale price per square foot in Southfield is $148, up 1.0% since last year.
Southfield Housing Market Trends
In April 2024, Southfield home prices were up 23.7% compared to last year, selling for a median price of $243K. On average, homes in Southfield sell after 41 days on the market compared to 18 days last year. There were 60 homes sold in April this year, down from 64 last year.
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How hot is the Southfield housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Some homes get multiple offers.
- The average homes sell for about 1% below list price and go pending in around 29 days.
- Hot homescan sell for about 3% above list price and go pending in around 9 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 1% above list price and go pending in around 12 days.
- Hot homescan sell for about 6% above list price and go pending in around 6 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 1% above list price and go pending in around 13 days.
- Hot homescan sell for about 5% above list price and go pending in around 6 days.
Southfield Migration & Relocation Trends
- Across the nation, 0.73% of homebuyers searched to move into Southfield from outside metros.
- Los Angeles homebuyers searched to move into Southfield more than any other metro followed by Washington and New York.
- 78% of Southfield homebuyers searched to stay within the Southfield metropolitan area.
- Cape Coral was the most popular destination among Southfield homebuyers followed by Grand Rapids and Saginaw.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Feb '24 - Apr '24 | ||
1 | 369 | ||
2 | 345 | ||
3 | 322 | ||
4 | 287 | ||
5 | 205 | ||
6 | 137 | ||
7 | 94 | ||
8 | 92 | ||
9 | 79 | ||
10 | 68 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Feb '24 - Apr '24 | ||
1 | 258 | ||
2 | 183 | ||
3 | 145 | ||
4 | 141 | ||
5 | 113 | ||
6 | 112 | ||
7 | 103 | ||
8 | 81 | ||
9 | 81 | ||
10 | 69 |
View houses in Southfield that sold recently
Recently sold homes
- $375,000 Last Sold Price4 beds3.5 baths2,983 sq ft28551 Tavistock Trl, Southfield, MI 48034List Price$390,000Sale to List4% under listDays on Market16 days28551 Tavistock Trl, Southfield, MI 48034
- $210,000 Last Sold Price3 beds2 baths1,000 sq ft28745 Marshall St, Southfield, MI 48076List Price$195,000Sale to List8% over listDays on Market24 days28745 Marshall St, Southfield, MI 48076
- $162,500 Last Sold Price2 beds2 baths1,554 sq ft29153 Wellington Rd E #33, Southfield, MI 48034List Price$162,500Sale to List0% over listDays on Market58 days29153 Wellington Rd E #33, Southfield, MI 48034
- $305,000 Last Sold Price3 beds1.5 baths1,724 sq ft17512 Cornell Rd, Southfield, MI 48075List Price$300,000Sale to List2% over listDays on Market49 days17512 Cornell Rd, Southfield, MI 48075
- $243,000 Last Sold Price3 beds2.5 baths2,229 sq ft27347 Shiawassee Rd, Southfield, MI 48033List Price$249,900Sale to List3% under listDays on Market35 days27347 Shiawassee Rd, Southfield, MI 48033
- $320,000 Last Sold Price2 beds3.5 baths1,829 sq ft23193 N Chanticleer Dr, Southfield, MI 48034List Price$320,000Sale to List0% over listDays on Market26 days23193 N Chanticleer Dr, Southfield, MI 48034
- $321,000 Last Sold Price3 beds2.5 baths1,259 sq ft27355 Berkshire Dr, Southfield, MI 48076List Price$299,900Sale to List7% over listDays on Market40 days27355 Berkshire Dr, Southfield, MI 48076
- $114,000 Last Sold Price1 bed1 bath624 sq ft28557 Marshall St, Southfield, MI 48076List Price$115,000Sale to List1% under listDays on Market44 days28557 Marshall St, Southfield, MI 48076
See all recently sold homes in Southfield.
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Schools in Southfield
- Elementary
- Middle
- High
GreatSchools Rating
7/10 MacArthur K-8 University Academy Public • K-8 | 453 Students | 10 reviews |
6/10 McIntyre Elementary School Public • K-5 | 352 Students | 6 reviews |
6/10 Vandenberg Elementary School Public • K-5 | 288 Students | 3 reviews |
4/10 Adlai Stevenson Elementary School Public • K-5 | 391 Students | 12 reviews |
3/10 Morris Adler Elementary School Public • K-5 | 348 Students | 15 reviews |
Climate's impact on Southfield housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Southfield.
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Transportation in Southfield
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