Is Southfield, MI 48075 a buyer’s or seller’s market?

The Southfield housing market right now

In the three months ending August 31, 2026, 36% of homes in Southfield, MI 48075 sold above their list price, the typical home went under contract in 44 days and there were 6.2 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 43 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 33%, homes sold faster (48 days then) and the median sale price rose 23% to $257,389. Overall, Southfield is more competitive than a year ago, so tougher for buyers.

Within Oakland County, homes here sell more slowly than in any other ZIP code in the county, and sell less often over asking than in 64%. On our competition score, Southfield ranks #341 of 510 MI ZIP codes with enough sales (score 51 out of 100).

Nearby, buyers who want less competition could look at Oxford 48370 (0% sold over asking) or Southfield 48034 (16% sold over asking), while Huntington Woods 48070 (74% sold over asking) and Pleasant Ridge 48069 (54% sold over asking) are even more competitive.