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Grand River Manor North Redford (N. Redford) Six Mile Heights (6 Mile Hts. Sub.)

REDFORD, MI 48240

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

Neighborhoods in ZIP 48240

Grand River Manor · North Redford (N. Redford) · Six Mile Heights (6 Mile Hts. Sub.)

Market Analysis

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

The REDFORD, MI real estate market (48240) currently shows 80 active listings, with 29 pending sales. Homes are averaging 39 days on the market before going under contract.

Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 39 days on market compared to 28 days last year.

The median listing price has fallen 7.2% year-over-year, from $172,450 to $160,000.

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Market Context

Market Context

Population: 16,914  ·  Density: 1,742.2/mi²  ·  Median household income: $60,185

Typical home value: $109,138  ·  Homeownership: 73.6%

Market Overview

Active Listings
80
⇧ 1.3% vs 79 last year
Pending
29
36% pending ratio
Median Price
$160,000
⇩ 7.2% vs $172,450 last year
Average Price
$161,550
⇩ 7.9% vs $175,388 last year
Days on Market
39
⇧ 39.3% vs 28 days last year

Price Per Square Foot

Median $/sqft
$150
⇩ 5.1% vs $158/sqft last year
Median Home Size
1,071 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 80 this year vs 79 last year
  • Days on market: 39 now vs 28 last year

Median & Average Pricing

Year over Year
  • Median: $160,000 (-7.2% YoY)
  • Average: $161,550 (-7.9% 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 7.7 miles — 707 listings ($184,786,262 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48240Redford, MI 482400.0 mi53$8,699,738$158,950$164,146
48033Southfield, MI 480332.9 mi38$8,502,766$206,250$223,757
48223Detroit, MI 482233.5 mi102$11,816,904$80,125$115,852
48152Livonia, MI 481523.7 mi66$19,064,034$254,675$288,849
48075Southfield, MI 480754.5 mi63$16,439,409$229,750$260,943
48150Livonia, MI 481505.3 mi36$10,555,596$289,950$293,211
48335Farmington, MI 483355.8 mi29$12,318,823$349,500$424,787
48127Dearborn Heights, MI 481276.1 mi64$21,633,984$269,500$338,031
48076Southfield, MI 480766.2 mi56$15,823,416$285,950$282,561
48237Oak Park, MI 482376.7 mi78$18,535,608$233,450$237,636
48135Garden City, MI 481357.2 mi60$13,649,880$218,700$227,498
48128Dearborn, MI 481287.5 mi20$7,669,600$349,250$383,480
48331Farmington, MI 483317.7 mi42$20,076,504$429,472$478,012

Frequently Asked Questions

How many homes are for sale in REDFORD, MI 48240?

As of September 2026, there are 80 active listings in REDFORD, MI (zip code 48240), compared to 79 the prior year.

What is the median home price in REDFORD, MI 48240?

The median listing price in REDFORD, MI 48240 is $160,000 as of September 2026, a 7.2% decrease from $172,450 the prior year.

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

Homes in REDFORD, MI 48240 spend an average of 39 days on the market before going under contract, compared to 28 days the prior year.

Is it a seller's or buyer's market in REDFORD, MI 48240?

Based on current inventory and days-on-market data as of September 2026, REDFORD, MI 48240 is currently a Buyer's Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 39 days on market compared to 28 days last year.

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

With SELL123.com's maximum 3% commission, sellers in REDFORD, MI 48240 save an estimated $3,200 compared to a typical 5% commission on the median listing price of $160,000. 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.