How much is a home in Southfield worth?

The typical home value is $260,328, up 1.3% over the past year.

Are sellers cutting prices in Southfield?

Yes, 26.7% of listings have a price cut.

Market Intelligence · MI / Southfield

Southfield, MI 48034 Housing Market

The typical home value in Southfield is $260,328, up 1.3% over the past year. Sellers are asking a median list price of $253,700, and homes are spending a median of 31 days on market.

Updated August 2026Median value$255K

The median home value in Southfield, MI 48034 is $255K as of August 2026, up 0.9% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 48034 range

$235K to $276K

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

+0.9% over 12 months

Aug 2025$253K

Low $253KHigh $260K

Aug 2026$255K

The numbers

What is the 48034 housing market like?

As of August 2026

Typical home value

$255K

0.9%YoY

Median list price

$254K

15.4%MoM

Days on market

19.2%MoM

Homes for sale

0.0%MoM

Price cuts

26.7%

146.7%MoM

New listings

66.7%MoM

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

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The comparison

How do 48034 home prices compare?

48034$255,232
Southfield$246,865
Michigan$243,093
United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Southfield: 4 ZIPs; Michigan: 891 ZIPs; United States: 26,265 ZIPs).

Context

With 16 homes for sale and 4 new listings, buyers have a limited set of options, but not a frantic one. A median of 31 days on market gives owners some room to plan, while the gap between the $253,700 median list price and the $260,328 typical value is small enough that pricing still matters. The 26.7% share of listings with a price cut shows some sellers are adjusting after testing the market. Values are up 1.3% over the past year, so the trend is positive rather than runaway. A realistic list price is still the strongest lever.

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