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WATERFORD, MI 48328

Real Estate Market Report
Buyer's Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The WATERFORD, MI real estate market (48328) currently shows 68 active listings, with 29 pending sales. Homes are averaging 46 days on the market before going under contract.

Inventory has increased compared to last year, with 9 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 46 days on market compared to 36 days last year.

The median listing price has fallen 0.4% year-over-year, from $289,900 to $288,700.

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: 25,717  ·  Density: 1,111.9/mi²  ·  Median household income: $65,687

Typical home value: $197,085  ·  Homeownership: 65.1%

Market Overview

Active Listings
68
⇧ 15.3% vs 59 last year
Pending
29
43% pending ratio
Median Price
$288,700
⇩ 0.4% vs $289,900 last year
Average Price
$395,010
⇩ 11.6% vs $446,922 last year
Days on Market
46
⇧ 27.8% vs 36 days last year

Price Per Square Foot

Median $/sqft
$196
⇩ 6.7% vs $210/sqft last year
Median Home Size
1,451 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 68 this year vs 59 last year
  • Days on market: 46 now vs 36 last year

Median & Average Pricing

Year over Year
  • Median: $288,700 (-0.4% YoY)
  • Average: $395,010 (-11.6% 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 9.6 miles — 676 listings ($481,069,350 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48328Waterford, MI 483280.0 mi68$26,467,232$283,225$389,224
48327Waterford, MI 483273.0 mi45$13,891,860$289,000$308,708
48341Pontiac, MI 483413.4 mi39$6,744,621$133,500$172,939
48324West Bloomfield, MI 483243.8 mi40$43,719,200$548,725$1,092,980
48302Bloomfield Hills, MI 483025.2 mi47$93,960,567$850,000$1,999,161
48326Auburn Hills, MI 483265.6 mi43$14,884,407$328,700$346,149
48346Clarkston, MI 483466.3 mi57$34,149,441$445,700$599,113
48322West Bloomfield, MI 483227.3 mi97$54,837,883$406,225$565,339
48301Bloomfield Hills, MI 483017.9 mi37$65,405,381$1,399,750$1,767,713
48382Commerce Township, MI 483828.6 mi72$52,358,040$649,500$727,195
48309Rochester, MI 483098.8 mi64$42,281,216$512,450$660,644
48383White Lake, MI 483839.1 mi20$15,212,340$514,500$760,617
48334Farmington, MI 483349.6 mi47$17,157,162$314,675$365,046

Frequently Asked Questions

How many homes are for sale in WATERFORD, MI 48328?

As of March 2026, there are 68 active listings in WATERFORD, MI (zip code 48328), compared to 59 the prior year.

What is the median home price in WATERFORD, MI 48328?

The median listing price in WATERFORD, MI 48328 is $288,700 as of March 2026, a 0.4% decrease from $289,900 the prior year.

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

Homes in WATERFORD, MI 48328 spend an average of 46 days on the market before going under contract, compared to 36 days the prior year.

Is it a seller's or buyer's market in WATERFORD, MI 48328?

Based on current inventory and days-on-market data as of March 2026, WATERFORD, MI 48328 is currently a Buyer's Market. Inventory has increased compared to last year, with 9 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 46 days on market compared to 36 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 48328 save an estimated $5,774 compared to a typical 5% commission on the median listing price of $288,700. 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.