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OAK PARK, MI 48237

Real Estate Market Report  ·  Oakland County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
80
⇧ 17.6% vs 68 last year
Pending
29
36% pending ratio
Median Price
$244,900
⇧ 3.9% vs $235,700 last year
Average Price
$249,664
⇧ 7% vs $233,323 last year
Days on Market
47
vs 47 days last year

Market Context

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

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

Market Analysis

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

The OAK PARK, MI real estate market (48237) currently shows 80 active listings, with 29 pending sales. Homes are averaging 47 days on the market before going under contract.

Inventory has increased compared to last year, with 12 more homes available — giving buyers more choice.

The median listing price has risen 3.9% year-over-year, from $235,700 to $244,900.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 80 this year vs 68 last year
  • Days on market: 47 now vs 47 last year

Median & Average Pricing

Year over Year
  • Median: $244,900 (+3.9% YoY)
  • Average: $249,664 (+7% 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

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 ($298,368,426 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48237Oak Park, MI 482370.0 mi80$19,973,120$244,900$249,664
48069Pleasant Ridge, MI 480692.0 mi5$4,599,000$736,950$919,800
48075Southfield, MI 480752.4 mi66$17,278,668$230,000$261,798
48235Detroit, MI 482352.7 mi217$28,921,326$129,900$133,278
48221Detroit, MI 482213.1 mi214$41,616,366$175,000$194,469
48073Royal Oak, MI 480733.9 mi110$52,880,410$375,000$480,731
48219Detroit, MI 482194.5 mi236$25,793,620$95,450$109,295
48203Highland Park, MI 482035.0 mi126$25,920,720$69,948$205,720
48017Clawson, MI 480175.2 mi19$6,118,323$312,500$322,017
48033Southfield, MI 480335.4 mi39$9,338,433$217,500$239,447
48025Franklin, MI 480255.8 mi43$47,151,650$750,000$1,096,550
48034Southfield, MI 480346.0 mi20$6,579,480$299,900$328,974
48084Troy, MI 480846.6 mi30$12,197,310$374,900$406,577

Frequently Asked Questions

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

As of January 2026, there are 80 active listings in OAK PARK, MI (zip code 48237), compared to 68 the prior year.

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

The median listing price in OAK PARK, MI 48237 is $244,900 as of January 2026, a 3.9% increase from $235,700 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 47 days on the market before going under contract, compared to 47 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 January 2026, OAK PARK, MI 48237 is currently a Balanced Market. Inventory has increased compared to last year, with 12 more homes available — giving buyers more choice.

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 $4,898 compared to a typical 5% commission on the median listing price of $244,900. 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.