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WATERFORD, MI 48327

Real Estate Market Report
Balanced Market
June 2026  ·  Source: Realtor.com

Market Analysis

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

The WATERFORD, MI real estate market (48327) currently shows 67 active listings, with 32 pending sales. Homes are averaging 21 days on the market before going under contract.

Inventory has tightened compared to last year, with 10 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 21 days on market compared to 17 days last year.

The median listing price has risen 2.5% year-over-year, from $338,700 to $347,175.

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 Context

Market Context

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

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

Market Overview

Active Listings
67
⇩ 13% vs 77 last year
Pending
32
48% pending ratio
Median Price
$347,175
⇧ 2.5% vs $338,700 last year
Average Price
$362,756
⇩ 17.8% vs $441,114 last year
Days on Market
21
⇧ 23.5% vs 17 days last year

Price Per Square Foot

Median $/sqft
$211
⇧ 6% vs $199/sqft last year
Median Home Size
1,644 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 67 this year vs 77 last year
  • Days on market: 21 now vs 17 last year

Median & Average Pricing

Year over Year
  • Median: $347,175 (+2.5% YoY)
  • Average: $362,756 (-17.8% 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 10.0 miles — 577 listings ($304,089,041 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48327Waterford, MI 483270.0 mi45$13,891,860$289,000$308,708
48386White Lake, MI 483863.3 mi37$18,777,685$409,950$507,505
48324West Bloomfield, MI 483243.5 mi40$43,719,200$548,725$1,092,980
48346Clarkston, MI 483465.4 mi57$34,149,441$445,700$599,113
48382Commerce Township, MI 483826.0 mi72$52,358,040$649,500$727,195
48341Pontiac, MI 483416.2 mi39$6,744,621$133,500$172,939
48342Pontiac, MI 483427.0 mi40$5,208,480$128,450$130,212
48322West Bloomfield, MI 483227.3 mi97$54,837,883$406,225$565,339
48326Auburn Hills, MI 483268.5 mi43$14,884,407$328,700$346,149
48359Lake Orion, MI 483598.7 mi23$11,809,212$510,000$513,444
48350Davisburg, MI 483509.0 mi26$19,909,084$549,975$765,734
48331Farmington, MI 483319.7 mi42$20,076,504$429,472$478,012
48377Novi, MI 4837710.0 mi16$7,722,624$353,500$482,664

Frequently Asked Questions

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

As of June 2026, there are 67 active listings in WATERFORD, MI (zip code 48327), compared to 77 the prior year.

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

The median listing price in WATERFORD, MI 48327 is $347,175 as of June 2026, a 2.5% increase from $338,700 the prior year.

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

Homes in WATERFORD, MI 48327 spend an average of 21 days on the market before going under contract, compared to 17 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 June 2026, WATERFORD, MI 48327 is currently a Balanced Market. Inventory has tightened compared to last year, with 10 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 21 days on market compared to 17 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 $6,944 compared to a typical 5% commission on the median listing price of $347,175. 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.