Is Walled Lake, MI 48390 a buyer’s or seller’s market?

The Walled Lake housing market right now

In the three months ending August 31, 2026, 32% of homes in Walled Lake, MI 48390 sold above their list price, the typical home went under contract in 23 days and there were 2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 117 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 35%, homes sold more slowly (21 days then) and the median sale price held steady to $309,866. Overall, Walled Lake is less competitive than a year ago, which gives buyers more room.

Within Oakland County, homes here sell more slowly than in 72% of the county’s ZIP codes, and sell less often over asking than in 76%. On our competition score, Walled Lake ranks #202 of 510 MI ZIP codes with enough sales (score 70 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.