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WATERFORD, MI 48327

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

Market Analysis

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

The WATERFORD, MI real estate market (48327) currently shows 54 active listings, with 27 pending sales. Homes are averaging 31 days on the market before going under contract.

Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 31 days on market compared to 29 days last year.

The median listing price has fallen 8.1% year-over-year, from $329,500 to $302,825.

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
54
⇧ 3.8% vs 52 last year
Pending
27
50% pending ratio
Median Price
$302,825
⇩ 8.1% vs $329,500 last year
Average Price
$315,110
⇩ 31.3% vs $458,410 last year
Days on Market
31
⇧ 6.9% vs 29 days last year

Price Per Square Foot

Median $/sqft
$197
⇩ 5.7% vs $209/sqft last year
Median Home Size
1,504 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 54 this year vs 52 last year
  • Days on market: 31 now vs 29 last year

Median & Average Pricing

Year over Year
  • Median: $302,825 (-8.1% YoY)
  • Average: $315,110 (-31.3% 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 April 2026, there are 54 active listings in WATERFORD, MI (zip code 48327), compared to 52 the prior year.

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

The median listing price in WATERFORD, MI 48327 is $302,825 as of April 2026, a 8.1% decrease from $329,500 the prior year.

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

Homes in WATERFORD, MI 48327 spend an average of 31 days on the market before going under contract, compared to 29 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 April 2026, WATERFORD, MI 48327 is currently a Buyer's Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 31 days on market compared to 29 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 $6,057 compared to a typical 5% commission on the median listing price of $302,825. 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.