01/07/2026
Welcome to the current market trends update for Farmington Hills 📍 focusing on single-family homes, condos, townhouses, and apartments. Whether you're buying or selling, understanding these trends will help you navigate both sides of your transaction with confidence.
What’s Happening- Inventory & Supply:
There is a 1.58-month supply of inventory, indicating a tight market.
- New Listings: The median list price for new listings is $324,950, with 44 new listings available.
- Days on Market: New pending listings spend a median of 50 days in RPR, while sold listings spend 25 days, a 25% increase MoM.
Why It Matters- Market Timing Coordination:
With inventory down 21% MoM and up 22% YoY, timing your buy-sell move is key.
- Price Trends: The median sold price is $363,500, with a slight 1% MoM increase, impacting your budget and sale proceeds.
Now What
1. Evaluate Your Timeline: Align your buying and selling timelines with current market dynamics to maximize outcomes.
2. Set Realistic Prices: Use median list and sold prices to competitively price your property and set your purchasing budget.
3. Leverage Local Insights: Consider the influence of local points like nearby parks and transportation for added market appeal.
Explore everything Farmington Hills has to offer, from its vibrant downtown to its extensive parks and convenient transportation options. These factors can enhance your buying and selling strategy in this active market.
For personalized guidance through the Metro Detroit market, connect with Mary Jaber at [email protected] or DM me!
