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
Balanced Market
June 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 June 2026. Source: Realtor.com.

The OAK PARK, MI real estate market (48237) currently shows 63 active listings, with 27 pending sales. Homes are averaging 33 days on the market before going under contract.

Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 33 days on market compared to 30 days last year.

The median listing price has fallen 3.8% year-over-year, from $241,725 to $232,450.

Whether you are buying or selling in OAK PARK, MI, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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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
63
⇩ 4.5% vs 66 last year
Pending
27
43% pending ratio
Median Price
$232,450
⇩ 3.8% vs $241,725 last year
Average Price
$254,041
⇧ 0.3% vs $253,186 last year
Days on Market
33
⇧ 10% vs 30 days last year

Price Per Square Foot

Median $/sqft
$195
⇩ 0.5% vs $196/sqft last year
Median Home Size
1,121 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 63 this year vs 66 last year
  • Days on market: 33 now vs 30 last year

Median & Average Pricing

Year over Year
  • Median: $232,450 (-3.8% YoY)
  • Average: $254,041 (+0.3% 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 June 2026, there are 63 active listings in OAK PARK, MI (zip code 48237), compared to 66 the prior year.

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

The median listing price in OAK PARK, MI 48237 is $232,450 as of June 2026, a 3.8% decrease from $241,725 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 33 days on the market before going under contract, compared to 30 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 June 2026, OAK PARK, MI 48237 is currently a Balanced Market. Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 33 days on market compared to 30 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 $4,649 compared to a typical 5% commission on the median listing price of $232,450. 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.