Call or Text (240) SELL-123
9 Mile-Greenfield Burt Homes Manor Denler Acres Etkin (Etkin Sub) Fern-Ridge (Fern-Ridge Sub) Glenford Park (Glen Ford Park) Kenwood Park Meadow Farms (Assessors Replat of Meadow Farms) North Oak Park Polo Heights (Martin's Polo Heights Sub) Ridgewood Estates Thomas Park Verdun Heights Vincent Park Woodland Park

OAK PARK, MI 48237

Real Estate Market Report
Buyer's Market
September 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 48237

9 Mile-Greenfield · Burt Homes Manor · Denler Acres · Etkin (Etkin Sub) · Fern-Ridge (Fern-Ridge Sub) · Glenford Park (Glen Ford Park) · Kenwood Park · Meadow Farms (Assessors Replat of Meadow Farms) · North Oak Park · Polo Heights (Martin's Polo Heights Sub) · Ridgewood Estates · Thomas Park · Verdun Heights · Vincent Park · Woodland Park

Market Analysis

Data as of September 2026. Source: Realtor.com.

The OAK PARK, MI real estate market (48237) currently shows 90 active listings, with 24 pending sales. Homes are averaging 34 days on the market before going under contract.

Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 34 days on market compared to 29 days last year.

The median listing price has risen 5.7% year-over-year, from $245,947 to $259,925.

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Market Context

Market Context

Population: 29,495  ·  Density: 2,212.6/mi²  ·  Median household income: $61,991

Typical home value: $176,259  ·  Homeownership: 57.9%

Market Overview

Active Listings
90
⇧ 7.1% vs 84 last year
Pending
24
27% pending ratio
Median Price
$259,925
⇧ 5.7% vs $245,947 last year
Average Price
$258,207
⇧ 1.6% vs $254,211 last year
Days on Market
34
⇧ 17.2% vs 29 days last year

Price Per Square Foot

Median $/sqft
$186
⇩ 6.5% vs $199/sqft last year
Median Home Size
1,242 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 90 this year vs 84 last year
  • Days on market: 34 now vs 29 last year

Median & Average Pricing

Year over Year
  • Median: $259,925 (+5.7% YoY)
  • Average: $258,207 (+1.6% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 6.6 miles — 1,205 listings ($299,462,327 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48237Oak Park, MI 482370.0 mi78$18,535,608$233,450$237,636
48069Pleasant Ridge, MI 480692.0 mi6$5,792,880$734,900$965,480
48075Southfield, MI 480752.4 mi63$16,439,409$229,750$260,943
48235Detroit, MI 482352.7 mi223$29,777,636$129,425$133,532
48221Detroit, MI 482213.1 mi209$42,169,512$184,500$201,768
48073Royal Oak, MI 480733.9 mi122$59,021,648$369,950$483,784
48219Detroit, MI 482194.5 mi225$25,326,900$99,425$112,564
48203Highland Park, MI 482035.0 mi124$23,151,916$67,250$186,709
48017Clawson, MI 480175.2 mi22$6,891,236$312,500$313,238
48033Southfield, MI 480335.4 mi38$8,502,766$206,250$223,757
48025Franklin, MI 480255.8 mi44$45,632,136$756,600$1,037,094
48034Southfield, MI 480346.0 mi24$7,693,488$289,950$320,562
48084Troy, MI 480846.6 mi27$10,527,192$376,150$389,896

Frequently Asked Questions

How many homes are for sale in OAK PARK, MI 48237?

As of September 2026, there are 90 active listings in OAK PARK, MI (zip code 48237), compared to 84 the prior year.

What is the median home price in OAK PARK, MI 48237?

The median listing price in OAK PARK, MI 48237 is $259,925 as of September 2026, a 5.7% increase from $245,947 the prior year.

How long do homes stay on the market in OAK PARK, MI?

Homes in OAK PARK, MI 48237 spend an average of 34 days on the market before going under contract, compared to 29 days the prior year.

Is it a seller's or buyer's market in OAK PARK, MI 48237?

Based on current inventory and days-on-market data as of September 2026, OAK PARK, MI 48237 is currently a Buyer's Market. Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 34 days on market compared to 29 days last year.

How much can I save on real estate commission in OAK PARK, MI?

With SELL123.com's maximum 3% commission, sellers in OAK PARK, MI 48237 save an estimated $5,199 compared to a typical 5% commission on the median listing price of $259,925. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.