48240 Real Estate Market

48240 Market

The median sale price for homes in 48240 over the last 12 months is $65,000.


The median mortgage debt is $89,189.

Additional Statistics for Single Family Homes and Condos in Redford, MI
$29,790
Median Listing Price
65
Median Days on Market
158
Active Listings
46.2%
Distressed Listings
(foreclosures and short sales)
48240 (Redford, MI) Price Trends - Sold vs. Listed
The median list price in May for single family homes in Redford is $29,900. The list prices dropped by -0.33% from the previous month.

The price per square foot for listings in this area is $33.

The median sale price in December for single family homes is $44,900. The sale prices dropped by -32.71% from the previous month.

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48240 (Redford, MI) Market Inventory Trends

The number of active listings in Redford dropped by 12.8% from the previous month.

The median number of days active properties have been listed is 64. This is significantly shorter than the national average.

The number of sales in December dropped by 64.9% from the previous month.

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48240 (Redford, MI) Property Ownership

The percent of owner occupied properties in Redford is 13.36% above the national average.

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