Population: 16,914 · Density: 1,742.2/mi² · Median household income: $60,185
Typical home value: $109,138 · Homeownership: 73.6%
Data as of January 2026. Source: Realtor.com.
The REDFORD, MI real estate market (48240) currently shows 51 active listings, with 17 pending sales. Homes are averaging 54 days on the market before going under contract.
Inventory has tightened compared to last year, with 14 fewer active listings — creating more competition among buyers.
Homes are selling faster, averaging 54 days on market compared to 57 days last year.
The median listing price has fallen 7.1% year-over-year, from $172,075 to $159,900.
Whether you are buying or selling in REDFORD, 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.
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 48240 | Redford, MI 48240 | 0.0 mi | 51 | $8,207,634 | $159,900 | $160,934 |
| 48033 | Southfield, MI 48033 | 2.9 mi | 39 | $9,338,433 | $217,500 | $239,447 |
| 48223 | Detroit, MI 48223 | 3.5 mi | 107 | $12,457,154 | $84,900 | $116,422 |
| 48152 | Livonia, MI 48152 | 3.7 mi | 59 | $18,577,684 | $254,500 | $314,876 |
| 48075 | Southfield, MI 48075 | 4.5 mi | 66 | $17,278,668 | $230,000 | $261,798 |
| 48150 | Livonia, MI 48150 | 5.3 mi | 46 | $13,643,600 | $287,000 | $296,600 |
| 48335 | Farmington, MI 48335 | 5.8 mi | 28 | $10,743,124 | $344,900 | $383,683 |
| 48127 | Dearborn Heights, MI 48127 | 6.1 mi | 57 | $19,072,599 | $269,500 | $334,607 |
| 48076 | Southfield, MI 48076 | 6.2 mi | 64 | $18,626,368 | $285,000 | $291,037 |
| 48237 | Oak Park, MI 48237 | 6.7 mi | 80 | $19,973,120 | $244,900 | $249,664 |
| 48135 | Garden City, MI 48135 | 7.2 mi | 56 | $13,021,176 | $221,200 | $232,521 |
| 48128 | Dearborn, MI 48128 | 7.5 mi | 24 | $9,344,640 | $349,350 | $389,360 |
| 48331 | Farmington, MI 48331 | 7.7 mi | 38 | $19,869,022 | $484,000 | $522,869 |
As of January 2026, there are 51 active listings in REDFORD, MI (zip code 48240), compared to 65 the prior year.
The median listing price in REDFORD, MI 48240 is $159,900 as of January 2026, a 7.1% decrease from $172,075 the prior year.
Homes in REDFORD, MI 48240 spend an average of 54 days on the market before going under contract, compared to 57 days the prior year.
Based on current inventory and days-on-market data as of January 2026, REDFORD, MI 48240 is currently a Seller's Market. Inventory has tightened compared to last year, with 14 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 54 days on market compared to 57 days last year.
With SELL123.com's maximum 3% commission, sellers in REDFORD, MI 48240 save an estimated $3,198 compared to a typical 5% commission on the median listing price of $159,900. 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.