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Market Intelligence · MI / Oakland County

Southfield, MI home prices and housing market

4 ZIP markets liveData updated September 2026Typical value$245K1-yr changeUp1.0%

The typical home value in Southfield, MI is $245K as of September 2026, up 1.0% from a year ago, based on the Zillow Home Value Index. In the typical Southfield ZIP code, the median list price is $262K and homes spend a median of 45 days on market as of September 2026 (Realtor.com).

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The coverage

Southfield, by the numbers.

Typical home valueZillow ZHVI, September 2026
$245K
1-yr changeMedian across Southfield ZIPs
+1.0%
ZIP markets live5 tracked in Southfield
4
County
Oakland County

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12-month value trend

+1.0% over 12 months

Typical home value in Southfield over the last 12 months: $242K in Sep 2025 to $245K in Sep 2026 (+1.0%).

Sep 2025$242K

Sep 2026$245K

Median Zillow home value index across Southfield's ZIP codes.

Context

The typical home value in Southfield is $244,680, up 1.0% over the past year as of September 2026. There are 184 homes for sale, with 72 new listings coming on the market. The median list price sits at $261,700, above the typical value, which suggests sellers are aiming a bit high. Homes are taking a median of 45 days to sell, and 16.6% of listings have had a price cut. For a Southfield homeowner weighing a sale, the market is steady but not fast, and pricing realistically from the start matters.

The numbers

What is the housing market like in Southfield, MI?

Typical home value

$245K

Up1.0%YoY

Median list price

$262K

Days on market

45

Homes for sale

184

Price cuts

16.6%

New listings

72

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

Figures reflect Southfield's ZIP codes with market data: values and listing medians take the median across ZIPs; inventory and new listings are summed.

Prices over time

Southfield, MI home prices over time

Typical home values in Southfield, MI are up 1.0% over the past year, from $242K in September 2025 to $245K in September 2026.

Typical home value in Southfield, MI, September of each year
MonthTypical value1-yr change
September 2026$244,680+1.0%
September 2025$242,372No prior year

Typical value is the median Zillow Home Value Index across Southfield ZIP codes, taken in September of each year so every row compares the same month.

Market balance

Is Southfield, MI a buyer's or seller's market?

Southfield, MI is roughly balanced between buyers and sellers.

These measures sit between the ranges that usually favor one side, so pricing and condition matter more than market direction.

Based on a median of 45 days on market and 17% of listings with a price cut in the typical Southfield ZIP code, and 72 new listings against 184 active listings across Southfield, as of September 2026 (Realtor.com).

The outlook

Southfield housing market forecast 2027

+1.5%

Weighted average of Zillow's ZIP forecasts, 12 months to September 2027

A weighted average of Zillow's ZIP forecasts, across 4 Southfield ZIP codes, points to typical home values rising 1.5% by September 2027.

Over the 12 months through September 2026, typical home values in Southfield rose 1.0%, per the Zillow Home Value Index.

Will home prices drop in Southfield?

The forecasts do not call for a drop: a weighted average of Zillow's ZIP forecasts for Southfield shows typical home values rising 1.5% by September 2027, after a 1.0% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

How this is calculated: each ZIP code's 12-month Zillow forecast is weighted by its typical home value (Zillow Home Value Index, September 2026). 4 Southfield ZIP codes have both figures.

Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.

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Live markets

What ZIP codes are live in Southfield?

Typical value is the Zillow home value index (ZHVI) for each ZIP, as of September 2026. 1-yr change compares it to the same ZIP a year earlier. We track 5 Southfield ZIP codes in total; the remaining 1 publish as their data clears editorial QA.

Zillow ZHVI, September 2026

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Common questions

Questions about Southfield, MI home prices.

How much is a home in Southfield worth?

The typical home value in Southfield is $244,680 as of September 2026, up 1.0% over the past year. This is a citywide figure, so an individual home may be worth more or less.

How long does it take to sell a home in Southfield?

Homes in Southfield spend a median of 45 days on the market as of September 2026. About 16.6% of listings have had a price cut, which shows some sellers are adjusting their asking price.

How many homes are for sale in Southfield?

There are 184 homes for sale in Southfield as of September 2026, with 72 new listings added. The median list price is $261,700.

Are home prices going up or down in Southfield, MI?

Typical home values in Southfield, MI are up 1.0% over the past year, based on the Zillow Home Value Index as of September 2026.

Is Southfield, MI a buyer's or seller's market?

Southfield, MI is roughly balanced between buyers and sellers. These measures sit between the ranges that usually favor one side, so pricing and condition matter more than market direction. Based on a median of 45 days on market and 17% of listings with a price cut in the typical Southfield ZIP code, and 72 new listings against 184 active listings across Southfield, as of September 2026 (Realtor.com).

Nearby markets

More Michigan housing markets.

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