Is Southfield, MI 48076 a buyer’s or seller’s market?

The Southfield housing market right now

In the three months ending August 31, 2026, 43% of homes in Southfield, MI 48076 sold above their list price, the typical home went under contract in 24 days and there were 2.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 90 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 39%, homes sold about as fast and the median sale price rose 3% to $298,871. Overall, Southfield is more competitive than a year ago, so tougher for buyers.

Within Oakland County, homes here sell more slowly than in 73% of the county’s ZIP codes, and sell more often over asking than in 75%. On our competition score, Southfield ranks #96 of 510 MI ZIP codes with enough sales (score 79 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.