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Market Intelligence · MI / Farmington

Farmington, MI 48331 Housing Market

In Farmington, MI 48331, the typical home value is $455,784, up 2.0% over the past year as of September 2026. The median list price is $475,000, and homes are spending a median of 30 days on the market. That points to steady demand rather than a sharp swing.

Updated September 2026Median value$456K

The median home value in Farmington, MI 48331 is $456K as of September 2026, up 2.0% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 48331 range

$419K to $492K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+2.0% over 12 months

Typical home value in 48331 over the last 12 months: $447K in Sep 2025 to $456K in Sep 2026 (+2.0%).

Sep 2025$447K

Sep 2026$456K

The numbers

What is the 48331 housing market like?

Typical home value

$456K

Up2.0%YoY

Median list price

$475K

Down5.0%MoM

Days on market

30

Down3.2%MoM

Homes for sale

50

Flat0.0%MoM

Price cuts

19.6%

Up4.7%MoM

New listings

20

Down28.6%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

48331 housing market forecast 2027

+1.3%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 48331 to rise 1.3% by September 2027.

Over the 12 months through September 2026, typical home values in 48331 rose 2.0%, per the Zillow Home Value Index.

Will home prices drop in 48331?

Zillow's forecast does not call for a drop: it expects typical home values in 48331 to rise 1.3% by September 2027, after a 2.0% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 48331 home prices compare?

  • 48331$455,784
  • Farmington$388,879
  • Michigan$241,156
  • United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Farmington: 4 ZIPs; Michigan: 891 ZIPs; United States: 26,262 ZIPs).

Context

As of September 2026, Farmington, MI 48331 has 50 homes for sale, with 20 new listings adding a modest flow of choices. The median list price is $475,000 while the typical home value is $455,784, up 2.0% over the past year. A median of 30 days on market suggests buyers are acting, but not instantly. With 19.6% of listings showing a price cut, some sellers are still adjusting after testing too high. For a seller, the honest read is that a well priced home can move, while an ambitious one is likely to get feedback quickly.

Monthly payment

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20% · $91,157

Common questions

What people ask us.

How much is a home in 48331 worth?

The typical home value is $455,784 as of September 2026, up 2.0% over the past year.

How fast are homes selling in Farmington, MI 48331?

The median days on market is 30 as of September 2026, so the pace is measured rather than frantic.

Are sellers cutting prices in 48331?

As of September 2026, 19.6% of listings had a price cut, which means some owners are repositioning after the first ask.

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