How much do homes in Farmington Hills, MI cost?

Median List Price

$299,900

Based on all homes listed in the last 12 months.

Difference Since August 2020

+$20,199(+7.2%)

Key Takeaway

The list price of homes in Farmington Hills has increased by 7.2% since last year.

Housing Market Conditions

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Key Takeaway

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Median List Price By Bedroom Count

# BEDSAug 2020Aug 2021%
1 $77.3K$82.7K+7.1%
2 $162.9K$165K+1.3%
3 $249.3K$274.9K+10.2%
4 $335K$365K+9.0%
5+ $446.9K$422.4K-5.5%

Median List Price Compared To Nearby Cities

Franklin
+18.2%
Southfield
+13.1%
Livonia
+11.5%
Farmington
+9.0%
Farmington Hills
+7.2%

How many homes are available in Farmington Hills, MI?

Number of Homes For Sale

Jul 2021Aug 2021%
307306-0.3%

Homes For Sale By Bedroom Count

# BEDSJul 2021Aug 2021%
1 76-14.3%
2 3945+15.4%
3 120124+3.3%
4 128116-9.4%
5+ 1315+15.4%

Asking Price vs. Sold Price

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Key Takeaway

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Average Listing Age

Aug 2020Aug 2021%
82 Days38 Days-53.1%

Breakdown of Home Sale Times

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Key Takeaway

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About Farmington Hills, MI

Farmington Hills, MI has 306 homes for sale to choose from. In August 2021 in Farmington Hills, MI there were 0.3% less homes for sale than in July 2021. Listings spent 38 days on the market in August 2021, and had a median list price of $299,900 during the same period. This housing market listing prices have changed between July 2021 and August 2021: prices of 1 bedroom properties went up by 7.1%, prices of 2 bedrooms properties increased by 1.3%, prices of 3 bedrooms properties increased by 10.2%, 4 bedrooms properties prices increased by 9%, prices of 5 bedrooms properties decreased by 5.5%. This housing market inventory have changed: 1 bedroom homes inventory decreased by 14.3%, the quantity of 2 bedrooms homes went up by 15.4%, 3 bedrooms homes became 3.3% more available, the quantity of 4 bedrooms homes went down by 9.4%, the quantity of 5 bedrooms homes went up by 15.4%. While more than 61 listings in Farmington Hills, MI in August 2021 were sold above asking price, there were more than 8 listings sold at asking price, and more than 29 were sold below.

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