The Oakland County, MI real estate market continues to be a strong seller’s market, characterized by high demand, rising prices, and quick sales.
Here’s a breakdown of the latest trends:
Average sales price
- The median sold price for homes in Oakland County was $361,343 in June 2025, up 5.5% year-over-year.
- The median listing home price in Oakland County, MI was $415K in June 2025, showing no change year-over-year.
- The median sale price per square foot was $178 in June 2025.
Average days on market
- Homes in Oakland County sold after an average of 19 days on the market in June 2025, a decrease of 2.4% compared to the previous year.
- 83% of homes sold within 30 days, 14% sold within 30-90 days, and 3% sold over 90 days in June 2025.
Active inventory
- Oakland County saw an increase of 25.5% in the number of homes for sale in June 2025 compared to May 2025, with 4,761 homes available.
- Inventory is still considered tight, especially for entry-level homes, contributing to the competitive market.
Areas with most movement
- Farmington Hills and Novi are experiencing strong appreciation growth due to their proximity to Detroit job hubs.
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sees high demand for luxury properties, with demand exceeding the supply of new builds.
- Troy and Southfield are experiencing increased competition for resale properties due to slowed development.
- Emerging areas like Wixom are attracting buyers who are priced out of the hotter markets.
Note: This information is based on data available as of July 18, 2025. Real estate markets can change rapidly, so it’s important to consult with a local real estate professional for the most up-to-date information and tailored advice.
Joyce England | 810-513-3335 | [email protected]
The information provided on Oakland County’s real estate market trends is based on the following sources:
- Realtor.com: According to Realtor.com, the median listing home price in Oakland County, MI was $415K in June 2025, and the median sold price per square foot was $178. You can find more information here: https://www.realtor.com/realestateandhomes-search/Oakland-County_MI/overview.
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This source provides details on the median home sold price, which was $361,343 in June 2025 (up 5.5% from last year), and the median price per square foot at $178. It also notes that homes had an average listing age of 19 days in June 2025, down by 2.4% year-over-year. Additionally, it reports an inventory of 4,761 homes for sale in June 2025, a 25.5% increase from May 2025.
- Homes2MoveYou.com: This source highlights Farmington Hills and Novi as areas with strong appreciation due to their proximity to Detroit job hubs and notes high demand for luxury properties in Rochester Hills.
- Realtor.com Research: This report mentions a national median time on the market of 53 days, similar to pre-pandemic norms, and that 20.7% of national listings had price cuts in June 2025.
Note: Information specifically regarding the percentage of price reductions for Oakland County in Q2 2025 was not explicitly found in the search results. The Realtor.com report on national market trends is included to provide broader context, but these are national averages and may not perfectly reflect the specific situation in Oakland County.
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