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Canterbury Colony Park Country Ridge Farmington Glens Farmington Hills City Center (Downtown Farmington Hills) Farmington Road Heritage Hills Hunter's Pointe Kendallwood Quakertown Ramblewood Route 102 (Route 102-Grand River Avenue) Twelve Mile Road (12 Mile Road and Drake Road)

FARMINGTON, MI 48331

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

Neighborhoods in ZIP 48331

Canterbury · Colony Park · Country Ridge · Farmington Glens · Farmington Hills City Center (Downtown Farmington Hills) · Farmington Road · Heritage Hills · Hunter's Pointe · Kendallwood · Quakertown · Ramblewood · Route 102 (Route 102-Grand River Avenue) · Twelve Mile Road (12 Mile Road and Drake Road)

Market Analysis

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

The FARMINGTON, MI real estate market (48331) currently shows 52 active listings, with 24 pending sales. Homes are averaging 40 days on the market before going under contract.

Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 40 days on market compared to 29 days last year.

The median listing price has fallen 18.3% year-over-year, from $549,900 to $449,000.

Whether you are buying or selling in FARMINGTON, 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: 22,152  ·  Density: 918.7/mi²  ·  Median household income: $120,929

Typical home value: $361,743  ·  Homeownership: 78.0%

Market Overview

Active Listings
52
⇧ 10.6% vs 47 last year
Pending
24
46% pending ratio
Median Price
$449,000
⇩ 18.3% vs $549,900 last year
Average Price
$498,742
⇩ 23.5% vs $651,919 last year
Days on Market
40
⇧ 37.9% vs 29 days last year

Price Per Square Foot

Median $/sqft
$208
⇩ 4.6% vs $218/sqft last year
Median Home Size
2,352 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 52 this year vs 47 last year
  • Days on market: 40 now vs 29 last year

Median & Average Pricing

Year over Year
  • Median: $449,000 (-18.3% YoY)
  • Average: $498,742 (-23.5% 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 9.5 miles — 607 listings ($436,791,093 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48331Farmington, MI 483310.0 mi42$20,076,504$429,472$478,012
48322West Bloomfield, MI 483223.0 mi97$54,837,883$406,225$565,339
48377Novi, MI 483773.3 mi16$7,722,624$353,500$482,664
48336Farmington, MI 483364.2 mi76$26,961,532$294,250$354,757
48323West Bloomfield, MI 483234.9 mi43$40,718,248$719,700$946,936
48034Southfield, MI 480346.0 mi24$7,693,488$289,950$320,562
48324West Bloomfield, MI 483246.5 mi40$43,719,200$548,725$1,092,980
48301Bloomfield Hills, MI 483017.0 mi37$65,405,381$1,399,750$1,767,713
48025Franklin, MI 480257.3 mi44$45,632,136$756,600$1,037,094
48240Redford, MI 482407.8 mi53$8,699,738$158,950$164,146
48167Northville, MI 481677.9 mi88$99,746,680$832,450$1,133,485
48320Keego Harbor, MI 483208.3 mi11$5,022,083$382,175$456,553
48150Livonia, MI 481509.5 mi36$10,555,596$289,950$293,211

Frequently Asked Questions

How many homes are for sale in FARMINGTON, MI 48331?

As of March 2026, there are 52 active listings in FARMINGTON, MI (zip code 48331), compared to 47 the prior year.

What is the median home price in FARMINGTON, MI 48331?

The median listing price in FARMINGTON, MI 48331 is $449,000 as of March 2026, a 18.3% decrease from $549,900 the prior year.

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

Homes in FARMINGTON, MI 48331 spend an average of 40 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 FARMINGTON, MI 48331?

Based on current inventory and days-on-market data as of March 2026, FARMINGTON, MI 48331 is currently a Buyer's Market. Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 40 days on market compared to 29 days last year.

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

With SELL123.com's maximum 3% commission, sellers in FARMINGTON, MI 48331 save an estimated $8,980 compared to a typical 5% commission on the median listing price of $449,000. 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.