Is Harper Woods, MI 48225 a buyer’s or seller’s market?

The Harper Woods housing market right now

In the three months ending August 31, 2026, 21% of homes in Harper Woods, MI 48225 sold above their list price, the typical home went under contract in 29 days and there were 4.3 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 72 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 38%, homes sold about as fast and the median sale price rose 2% to $168,877. Overall, Harper Woods is less competitive than a year ago, which gives buyers more room.

Within Wayne County, homes here sell more slowly than in 55% of the county’s ZIP codes, and sell less often over asking than in 72%. On our competition score, Harper Woods ranks #389 of 510 MI ZIP codes with enough sales (score 45 out of 100).

Nearby, buyers who want less competition could look at Dearborn 48120 (0% sold over asking) or Detroit 48201 (5% sold over asking), while Dearborn 48128 (72% sold over asking) and Livonia 48154 (59% sold over asking) are even more competitive.