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WATERFORD, MI 48327

Real Estate Market Report  ·  Oakland County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
50
⇧ 13.6% vs 44 last year
Pending
21
42% pending ratio
Median Price
$299,020
⇩ 8.4% vs $326,375 last year
Average Price
$327,321
⇩ 12.7% vs $375,094 last year
Days on Market
56
⇧ 24.4% vs 45 days last year

Market Context

Population: 20,878  ·  Density: 712.5/mi²  ·  Median household income: $72,336

Typical home value: $229,577  ·  Homeownership: 70.1%

Market Analysis

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

The WATERFORD, MI real estate market (48327) currently shows 50 active listings, with 21 pending sales. Homes are averaging 56 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 56 days on market compared to 45 days last year.

The median listing price has fallen 8.4% year-over-year, from $326,375 to $299,020.

Whether you are buying or selling in WATERFORD, 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: 50 this year vs 44 last year
  • Days on market: 56 now vs 45 last year

Median & Average Pricing

Year over Year
  • Median: $299,020 (-8.4% YoY)
  • Average: $327,321 (-12.7% 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 10.0 miles — 572 listings ($289,405,805 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48327Waterford, MI 483270.0 mi50$16,366,050$299,020$327,321
48386White Lake, MI 483863.3 mi36$16,534,872$350,000$459,302
48324West Bloomfield, MI 483243.5 mi43$47,021,790$395,000$1,093,530
48346Clarkston, MI 483465.4 mi54$31,975,884$418,990$592,146
48382Commerce Township, MI 483826.0 mi74$50,806,328$639,900$686,572
48341Pontiac, MI 483416.2 mi41$7,168,153$139,900$174,833
48342Pontiac, MI 483427.0 mi41$5,663,740$135,000$138,140
48322West Bloomfield, MI 483227.3 mi90$41,168,250$365,000$457,425
48326Auburn Hills, MI 483268.5 mi35$13,339,270$360,000$381,122
48359Lake Orion, MI 483598.7 mi28$13,547,744$499,950$483,848
48350Davisburg, MI 483509.0 mi22$15,878,962$537,000$721,771
48331Farmington, MI 483319.7 mi38$19,869,022$484,000$522,869
48377Novi, MI 4837710.0 mi20$10,065,740$368,750$503,287

Frequently Asked Questions

How many homes are for sale in WATERFORD, MI 48327?

As of January 2026, there are 50 active listings in WATERFORD, MI (zip code 48327), compared to 44 the prior year.

What is the median home price in WATERFORD, MI 48327?

The median listing price in WATERFORD, MI 48327 is $299,020 as of January 2026, a 8.4% decrease from $326,375 the prior year.

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

Homes in WATERFORD, MI 48327 spend an average of 56 days on the market before going under contract, compared to 45 days the prior year.

Is it a seller's or buyer's market in WATERFORD, MI 48327?

Based on current inventory and days-on-market data as of January 2026, WATERFORD, MI 48327 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 56 days on market compared to 45 days last year.

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

With SELL123.com's maximum 3% commission, sellers in WATERFORD, MI 48327 save an estimated $5,980 compared to a typical 5% commission on the median listing price of $299,020. 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.