Market Intelligence · MI / Southfield

Southfield, MI 48076 Housing Market

In Southfield, the typical home value is $291,947, up 2.0% over the past year as of September 2026. The median list price is $275,675, and homes spend a median of 45 days on market.

Updated September 2026Median value$292K

The median home value in Southfield, MI 48076 is $292K 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 48076 range

$269K to $315K

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

Sep 2025$286K

Low $286KHigh $292K

Sep 2026$292K

The numbers

What is the 48076 housing market like?

As of September 2026

Typical home value

$292K

2.0%YoY

Median list price

$276K

7.8%MoM

Days on market

28.6%MoM

Homes for sale

3.6%MoM

Price cuts

19.7%

16.2%MoM

New listings

31.2%MoM

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

The outlook

48076 housing market forecast 2027

+1.5%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 48076 to rise 1.5% by September 2027.

Over the 12 months through September 2026, typical home values in 48076 rose 2.0%, per the Zillow Home Value Index.

Will home prices drop in 48076?

Zillow's forecast does not call for a drop: it expects typical home values in 48076 to rise 1.5% 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 48076 home prices compare?

48076$291,947
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

September 2026 shows a market with some balance. There were 53 homes for sale and 22 new listings, so buyers had fresh choices without a flood. A median of 45 days on market suggests sales are not instant, and 19.7% of listings had a price cut. With typical values up 2.0% over the past year, sellers can still expect demand, but pricing needs to match the home and the competition.

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Down payment20% · $58,389

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Common questions

What people ask us.

How much is a home in 48076 worth?

The typical home value is $291,947 as of September 2026, up 2.0% over the past year.

Are homes selling quickly in 48076?

Not especially. The median days on market is 45 as of September 2026.

Are sellers cutting prices in 48076?

Some are. As of September 2026, 19.7% of listings had a price cut, while 22 new listings came to market.

Discover

Nearby ZIP markets.

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