Real Estate Market Update for Southfield, MI
Welcome to March's Market Update. Lets take a look at residential real-estate activity in your area during the month of February. The number of active listings was up 8% from one year earlier, and down 14% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was just over 170-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 15%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 130-thousand dollars. The number of units sold decreased 15% year-over-year, and decreased 13% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Southfield, MI

Area Information for Southfield, MI
  • Population: 75,353
  • Median Age: 42.89 yr
  • Median Commute Time: 24 mins
  • Educational Climate*: 5
  • Sales Tax: 0%
  • Population Density: 2,867/sq mi
  • Population Change Since 2000: -3.76%
  • Closest Airport: Detroit Metropolitan Wayne County
  • Closest College: Lawrence Technilogical University
  • Closest Jr. College: Oakland Community Clg-southfield Cmps
  • Median Household Income: $55,829
  • Annual Residential Turnover: 0%
  • Median Home Sales Price: $166,000
  • Closest Major Sports Team: Detroit Pistons
  • Change Avg. Household Income Since 2000: 10.01%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Southfield, MI
Median Age: 42.89 Married: 30% Number of Households: 33,615 Households with Children: 6,638
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Southfield, MI

      School Name Distance Type Grades School Rating
      Faxon Academy 0.1 mi Public K-8 1
      Crescent Academy Elementary 0.6 mi Public 2-4 0
      Southfield High School For The Arts And Technology 0.8 mi Public 9-12 0
      Laurus Academy 0.8 mi Public K-8 1
      Adlai Stevenson Elementary School 0.8 mi Public K-5 1
      Alice M. Birney K-8 School 1.1 mi Public K-8 1
      Southfield Christian School 1.2 mi Private PRESCHOOL-12 0
      Children's Technological Academy 1.3 mi Private K-5 0
      Morris Adler Elementary School 1.4 mi Public K-5 1
      Yeshivas Darchei Torah - Boys 1.5 mi Private PRESCHOOL-8 0
      Yeshivas Darchei Torah - Girls 1.5 mi Private PRESCHOOL-12 0
      Farber Hebrew Day School 1.5 mi Private PRESCHOOL-12 0
      Crescent Academy - Middle School 1.5 mi Public 6-8 0
      Mcintyre Elementary School 1.5 mi Public K-5 3
      Bradford Academy 1.7 mi Public K-12 0
      Early Impressions 1.7 mi Private PRESCHOOL-1 0
      University High School Academy 1.9 mi Public 8-12 4
      University High School Preparatory Academy 1.9 mi Public 6-12 4
      Macarthur K-8 University Academy 1.9 mi Public K-8 3
      Bussey Center For Early Child Education 2.0 mi Public PRESCHOOL-PRESCHOOL 0
      International Montessori Academy 2.2 mi Private PRESCHOOL-2 0
      Dr Joseph F Pollack Academic Center Of Excellence (pace Academy) 2.2 mi Public K-8 0
      Southfield Regional Academic Campus 2.3 mi Public 9-12 0
      Glenn W. Levey Middle School 2.3 mi Public 6-8 0
      Crescent Academy Pk-1 School 2.5 mi Public K-1 0
      Thompson K-8 International Baccalaureate Academy 2.6 mi Public K-8 1
      Agbu Alex-marie Manoogian School 2.9 mi Public K-12 3
      Yeshiva Beth Yehudah School Pk-8 2.9 mi Private K-8 0
      Franklin Academy 3.1 mi Private PRESCHOOL-PRESCHOOL 0
      Vandenberg Elementary School 3.1 mi Public K-5 1
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area.
      Local Weather for Southfield, MI
        Data powered by Attom Data Solutions. Copyright© 2022. Information deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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