Market Intelligence · MI / Southfield

Southfield, MI 48034 Housing Market

The typical home value in Southfield, MI 48034 is $253,920, up 0.6% over the past year as of September 2026. The median list price is $299,250, and homes spend a median of 41 days on market.

Updated September 2026Median value$254K

The median home value in Southfield, MI 48034 is $254K as of September 2026, up 0.6% 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 48034 range

$234K to $274K

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

+0.6% over 12 months

Sep 2025$252K

Low $252KHigh $259K

Sep 2026$254K

The numbers

What is the 48034 housing market like?

As of September 2026

Typical home value

$254K

0.6%YoY

Median list price

$299K

18.0%MoM

Days on market

32.3%MoM

Homes for sale

6.3%MoM

Price cuts

12.7%

52.3%MoM

New listings

50.0%MoM

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

The outlook

48034 housing market forecast 2027

+1.5%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 48034 to rise 1.5% by September 2027.

Over the 12 months through September 2026, typical home values in 48034 rose 0.6%, per the Zillow Home Value Index.

Will home prices drop in 48034?

Zillow's forecast does not call for a drop: it expects typical home values in 48034 to rise 1.5% by September 2027, after a 0.6% 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 48034 home prices compare?

48034$253,920
Southfield$244,680
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 (Southfield: 4 ZIPs; Michigan: 891 ZIPs; United States: 26,262 ZIPs).

Context

As of September 2026, there are 17 homes for sale in 48034, with 6 new listings coming on during the period. The median list price sits at $299,250, while the typical home value is $253,920, up 0.6% over the past year. Homes are moving at a moderate pace, with a median of 41 days on market. About 12.7% of listings have taken a price cut. For sellers, the market is steady but not fast, so realistic pricing matters.

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Common questions

What people ask us.

How much is a home in 48034 worth?

The typical home value in Southfield, MI 48034 is $253,920 as of September 2026, up 0.6% over the past year. The median list price is $299,250.

How fast do homes sell in 48034?

Homes in 48034 spend a median of 41 days on market as of September 2026. About 12.7% of listings have had a price cut.

How many homes are for sale in 48034?

There are 17 homes for sale in 48034 as of September 2026, including 6 new listings.

Discover

Nearby ZIP markets.

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