Housing Prices in Bingham Farms, MI
How much do homes in Bingham Farms, MI cost?
Median List Price
$550,000
$237/sqft
Based on all homes listed in the last 12 months.
Difference Since March 2023
Key Takeaway
The list price of homes in Bingham Farms has increased by 20.4% since last year.
Summary: The median home list price in Bingham Farms was $550,000 in March 2024, up 20.4% from the previous year, and the median price per square foot was $237.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $424.9K | $410K | -3.5% |
| 3 Bedrooms | $449K | $489K | +8.9% |
| 4 Bedrooms | $589.9K | $729K | +23.6% |
| 5+ Bedrooms | $1.6M | $1.9M | +21.1% |
Summary: Bingham Farms housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.5%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 23.6%, and 5+ bedroom homes increased by 21.1%.
Median List Price Compared To Nearby Cities
| Bingham Farms | $457K | $550K | +20.4% |
| Southfield | $214.9K | $225K | +4.7% |
| Beverly Hills | $479K | $499.9K | +4.4% |
| Southfield Township | $265.4K | $264.2K | -0.5% |
| Franklin | $850K | $772.5K | -9.1% |
Housing Supply in Bingham Farms, MI
How many homes are available in Bingham Farms, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Summary: The Bingham Farms real estate market had 2 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Bingham Farms housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Days on Market for Bingham Farms, MI
How long does it take to sell a home in Bingham Farms, MI?
Average Listing Age
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 112 Days | 139 Days | +23.4% |
Summary: Homes in Bingham Farms had an average listing age of 139 days in Mar 2024, up by 23.4% compared to the previous year.
