Southfield, MI Housing Market
The Southfield housing market is somewhat competitive. Homes in Southfield receive 2 offers on average and sell in around 40 days. The median sale price of a home in Southfield was $245K last month, up 25.0% since last year. The median sale price per square foot in Southfield is $156, up 8.3% since last year.
Southfield Housing Market Trends
In April 2024, Southfield home prices were up 25.0% compared to last year, selling for a median price of $245K. On average, homes in Southfield sell after 40 days on the market compared to 18 days last year. There were 61 homes sold in April this year, down from 64 last year.
How much is your home worth? Track your home’s value and compare it to nearby sales.
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 27 days.
- Hot homescan sell for about 3% above list price and go pending in around 8 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 11 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 2% above list price and go pending in around 12 days.
- Hot homescan sell for about 6% above list price and go pending in around 5 days.
Southfield Migration & Relocation Trends
- Across the nation, 0.73% of homebuyers searched to move into Southfield from outside metros.
- New York homebuyers searched to move into Southfield more than any other metro followed by Los Angeles and Washington.
- 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 Sarasota.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Mar '24 - May '24 | ||
1 | 442 | ||
2 | 379 | ||
3 | 363 | ||
4 | 314 | ||
5 | 191 | ||
6 | 125 | ||
7 | 97 | ||
8 | 75 | ||
9 | 71 | ||
10 | 67 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Mar '24 - May '24 | ||
1 | 272 | ||
2 | 181 | ||
3 | 154 | ||
4 | 150 | ||
5 | 120 | ||
6 | 102 | ||
7 | 101 | ||
8 | 94 | ||
9 | 84 | ||
10 | 75 |
Home offer insights for Southfield
Recent offers
- Offer Not Accepted|3 Weeks Ago~$275K OfferSold for $300K3 bd | 2 ba | ~1,750 sqftOver List Price1%Days on Market4Competing Offers4Down Payment—
- Offer Not Accepted|9 Weeks Ago~$300K OfferSold for $350K4 bd | 2.5 ba | ~2,250 sqftUnder List Price11%Days on Market20Competing Offers5Down Payment—
View houses in Southfield that sold recently
Recently sold homes
- $172,000 Last Sold Price3 beds1 bath1,072 sq ft28111 Brentwood St, Southfield, MI 48076List Price$180,000Sale to List4% under listDays on Market32 days28111 Brentwood St, Southfield, MI 48076
- $50,000 Last Sold Price1 bed1 bath793 sq ft15999 W 11 Mile Rd #4, Southfield, MI 48076List Price$20,000Sale to List150% over listDays on Market41 days15999 W 11 Mile Rd #4, Southfield, MI 48076
- $250,000 Last Sold Price2 beds2 baths1,597 sq ft5000 Town Ctr #2405, Southfield, MI 48075List Price$278,900Sale to List10% under listDays on Market231 days5000 Town Ctr #2405, Southfield, MI 48075
- $315,000 Last Sold Price3 beds2.5 baths1,415 sq ft29115 Rock Creek Dr, Southfield, MI 48076List Price$315,000Sale to List0% over listDays on Market32 days29115 Rock Creek Dr, Southfield, MI 48076
- $352,500 Last Sold Price4 beds2.5 baths1,888 sq ft20034 Beechaven St, Southfield, MI 48076List Price$339,000Sale to List4% over listDays on Market34 days20034 Beechaven St, Southfield, MI 48076
- $270,100 Last Sold Price4 beds2.5 baths1,967 sq ft29476 Briarbank, Southfield, MI 48034List Price$259,947Sale to List4% over listDays on Market31 days29476 Briarbank, Southfield, MI 48034
- $270,000 Last Sold Price3 beds2.5 baths2,116 sq ft27645 Dover St, Southfield, MI 48076List Price$255,000Sale to List6% over listDays on Market15 days27645 Dover St, Southfield, MI 48076
- $161,500 Last Sold Price3 beds1 bath1,050 sq ft29590 Everett St, Southfield, MI 48076List Price$159,900Sale to List1% over listDays on Market47 days29590 Everett 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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Fire Factor - Moderate
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Wind Factor - Minimal
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Heat Factor - Minor
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Transportation in Southfield
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