Is Birmingham, MI 48012 a buyer’s or seller’s market?
Birmingham is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Birmingham housing market right now
In the three months ending August 31, 2026, 50% of homes in Birmingham, MI 48012 sold above their list price, the typical home went under contract in 17 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 2 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold more slowly (7 days then) and the median sale price rose 124% to $1,231,967. Overall, Birmingham is more competitive than a year ago, so tougher for buyers.
Run the numbers for 48012
Where Birmingham is
Loading map…
Questions about Birmingham real estate
Is Birmingham a buyer’s or seller’s market?
A buyer’s market: there were 6.4 months of supply in Birmingham, MI 48012 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Birmingham?
The typical home went under contract in 17 days in the latest three months.
Do homes in Birmingham sell over asking?
50% of homes sold above their original list price, and the typical sale closed at 105.4% of the list price.
What is the median home price in Birmingham?
The median sale price was $1,231,967 in the three months ending August 31, 2026, about $452 per square foot.
Local agents
See all agents in 48012 →No sponsored agents in 48012 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 48012
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology