Farmington Hills Real Estate Market

Farmington Hills Market

The median sale price for homes in Farmington Hills over the last 12 months is $146,202.


The median mortgage debt is $190,533.

Additional Statistics for Single Family Homes and Condos in Farmington Hills, MI
$165,410
Median Listing Price
56
Median Days on Market
298
Active Listings
29.2%
Distressed Listings
(foreclosures and short sales)
Farmington Hills, MI Price Trends - Sold vs. Listed
The median list price in May for single family homes in Farmington Hills is $179,900. The list prices increased by 2.8% from the previous month.

The price per square foot for listings in this area is $93.

The median sale price in December for single family homes is $108,000. The sale prices dropped by -18.79% from the previous month.

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Farmington Hills, MI Market Inventory Trends

The number of active listings in Farmington Hills dropped by 13.2% from the previous month.

The median number of days active properties have been listed is 61. This is significantly shorter than the national average.

The number of sales in December dropped by 71.2% from the previous month.

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Farmington Hills, MI Property Ownership

The percent of rental properties in Farmington Hills is 10.34% above the national average which is typical for urban areas.

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Neighborhood and valuation information provided by Onboard Informatics ©2012 Onboard informatics. Information deemed reliable but not guaranteed.