Housing in Southfield, MI
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$221,000
Median List Price
$223,000
Price Per Sq Ft
$138
Days on Market
47
Active Inventory
131
Months of Supply
3.2
Seller's market
Zillow Home Value
$243,792
ZHVI — January 2026
Zillow Rent Index
$1,533
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
21.9%
Off Market in 2 Weeks
25.5%
Sale-to-List Ratio
96.2%
Buyer's market
Market Activity
Source: RedfinHomes Sold
41
New Listings
55
Pending Sales
51
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$138
Median List $/SF
$147
Southfield vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 50,000 - 100,000 residents. Southfield is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$226,900
Median Rent
$1,301
Total Housing Units
38,014
Vacancy Rate
7.7%
Owner Occupied
51.9%
Renter Occupied
48.1%
Median Property Tax
$3,833
per year
Monthly Cost (w/ Mortgage)
$1,359
Housing Types
The current median sale price in Southfield, MI is $221,000 according to Redfin data. Homes spend a median of 47 days on the market. 21.9% of homes sold above asking price. The market has 3.2 months of supply. The median price per square foot is $138. Zillow's observed rent index is $1,533/month. About 51.9% of housing units are owner-occupied. The median year homes were built is 1969. There are 38,014 total housing units.