Population: 22,152 · Density: 918.7/mi² · Median household income: $120,929
Typical home value: $361,743 · Homeownership: 78.0%
Data as of January 2026. Source: Realtor.com.
The FARMINGTON, MI real estate market (48331) currently shows 38 active listings, with 16 pending sales. Homes are averaging 67 days on the market before going under contract.
Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.
Homes are taking longer to sell, averaging 67 days on market compared to 27 days last year.
The median listing price has risen 21.7% year-over-year, from $397,725 to $484,000.
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.
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 48331 | Farmington, MI 48331 | 0.0 mi | 38 | $19,869,022 | $484,000 | $522,869 |
| 48322 | West Bloomfield, MI 48322 | 3.0 mi | 90 | $41,168,250 | $365,000 | $457,425 |
| 48377 | Novi, MI 48377 | 3.3 mi | 20 | $10,065,740 | $368,750 | $503,287 |
| 48336 | Farmington, MI 48336 | 4.2 mi | 83 | $28,172,939 | $267,450 | $339,433 |
| 48323 | West Bloomfield, MI 48323 | 4.9 mi | 49 | $44,549,967 | $640,000 | $909,183 |
| 48034 | Southfield, MI 48034 | 6.0 mi | 20 | $6,579,480 | $299,900 | $328,974 |
| 48324 | West Bloomfield, MI 48324 | 6.5 mi | 43 | $47,021,790 | $395,000 | $1,093,530 |
| 48301 | Bloomfield Hills, MI 48301 | 7.0 mi | 33 | $51,350,607 | $1,162,000 | $1,556,079 |
| 48025 | Franklin, MI 48025 | 7.3 mi | 43 | $47,151,650 | $750,000 | $1,096,550 |
| 48240 | Redford, MI 48240 | 7.8 mi | 51 | $8,207,634 | $159,900 | $160,934 |
| 48167 | Northville, MI 48167 | 7.9 mi | 73 | $62,887,091 | $625,000 | $861,467 |
| 48320 | Keego Harbor, MI 48320 | 8.3 mi | 10 | $5,690,860 | $359,000 | $569,086 |
| 48150 | Livonia, MI 48150 | 9.5 mi | 46 | $13,643,600 | $287,000 | $296,600 |
As of January 2026, there are 38 active listings in FARMINGTON, MI (zip code 48331), compared to 39 the prior year.
The median listing price in FARMINGTON, MI 48331 is $484,000 as of January 2026, a 21.7% increase from $397,725 the prior year.
Homes in FARMINGTON, MI 48331 spend an average of 67 days on the market before going under contract, compared to 27 days the prior year.
Based on current inventory and days-on-market data as of January 2026, FARMINGTON, MI 48331 is currently a Balanced Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 67 days on market compared to 27 days last year.
With SELL123.com's maximum 3% commission, sellers in FARMINGTON, MI 48331 save an estimated $9,680 compared to a typical 5% commission on the median listing price of $484,000. 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.