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Foreclosures in Southfield, MI

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Southfield, MI Foreclosures

Current Market Conditions in in Southfield, MI As of March 2026?
In the past month, Southfield's real estate market has continued to thrive, with a noticeable uptick in buyer interest. Homes that are well-maintained and properly priced are seeing multiple offers, indicating a robust market. Inventory remains relatively low, which is a trend seen across many suburbs in the Detroit metropolitan area.
How much do homes sell for in Southfield, MI?
The average home price is currently $286,157.
In Southfield, MI, how many homes are available?
There are currently 2 active home listings available in Southfield.
What’s the average rental cost in Southfield, MI?
The average rental price in Southfield is $1,499.
What is the most expensive home in Southfield?
The most expensive home sold in Southfield had a price of $31,607,246.
What is currently the cheapest priced home in Southfield, MI?
The cheapest home for sale in Southfield is priced at $10,157.

Living in Southfield, MI

Southfield, Michigan, is a vibrant suburb of Detroit located in Oakland County. Known for its strong community feel, Southfield boasts a diverse population and a variety of amenities, making it an attractive place to live. With easy access to major highways, residents enjoy convenient commuting options to Detroit and surrounding areas.

Buyer vs Seller Market in Southfield, MI

The Southfield real estate market has shown steady growth, with a slight increase in home prices over the last few months. The demand for housing remains strong due to the area's amenities and job opportunities, attracting both families and young professionals.

Home buyers are actively seeking properties in Southfield, contributing to a competitive market with homes selling quickly if priced appropriately.

Home Value Estimator For Southfield, MI

There are currently 23,138 real estate properties in Southfield, MI, with a median automated valuation model (AVM) price of $257,866.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Southfield, MI, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Southfield, MI, is $286,157.00, with the most expensive house in Southfield, MI, topping out at $31,607,246.00 and the cheapest home in Southfield, MI, clocking in at $10,157.00. In other words, there’s something for every potential homebuyer or savvy investor in Southfield, MI!

Rent Prices In Southfield, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Southfield, MI, is on a rollercoaster ride. The average rent price in Southfield, MI, is $1,499.00. Indeed, when looking to rent in Southfield, MI, you can expect to pay as little as $640.00 or as much as $3,300.00, with the average rent median estimated to be $1,460.00. The good news is that finding an affordable and desirable property to rent in Southfield, MI -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Southfield, MI Foreclosures


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