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WALLED LAKE, MI 48390

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

Market Analysis

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

The WALLED LAKE, MI real estate market (48390) currently shows 110 active listings, with 43 pending sales. Homes are averaging 31 days on the market before going under contract.

Inventory has increased compared to last year, with 27 more homes available — giving buyers more choice.

The median listing price has fallen 18.1% year-over-year, from $399,875 to $327,450.

Whether you are buying or selling in WALLED LAKE, 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: 23,854  ·  Density: 738.2/mi²  ·  Median household income: $84,172

Typical home value: $266,086  ·  Homeownership: 72.4%

Market Overview

Active Listings
110
⇧ 32.5% vs 83 last year
Pending
43
39% pending ratio
Median Price
$327,450
⇩ 18.1% vs $399,875 last year
Average Price
$414,660
⇩ 16.9% vs $498,723 last year
Days on Market
31
vs 31 days last year

Price Per Square Foot

Median $/sqft
$232
⇧ 0.4% vs $231/sqft last year
Median Home Size
1,566 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 110 this year vs 83 last year
  • Days on market: 31 now vs 31 last year

Median & Average Pricing

Year over Year
  • Median: $327,450 (-18.1% YoY)
  • Average: $414,660 (-16.9% 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 9.9 miles — 587 listings ($420,775,475 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48390Walled Lake, MI 483900.0 mi75$31,411,875$347,438$418,825
48377Novi, MI 483773.1 mi16$7,722,624$353,500$482,664
48331Farmington, MI 483314.7 mi42$20,076,504$429,472$478,012
48323West Bloomfield, MI 483235.2 mi43$40,718,248$719,700$946,936
48375Novi, MI 483756.0 mi45$18,868,185$453,750$419,293
48374Novi, MI 483746.1 mi19$15,823,295$699,250$832,805
48334Farmington, MI 483347.1 mi47$17,157,162$314,675$365,046
48386White Lake, MI 483867.3 mi37$18,777,685$409,950$507,505
48165New Hudson, MI 481658.0 mi41$19,192,264$539,950$468,104
48167Northville, MI 481678.6 mi88$99,746,680$832,450$1,133,485
48336Farmington, MI 483368.9 mi76$26,961,532$294,250$354,757
48302Bloomfield Hills, MI 483029.4 mi47$93,960,567$850,000$1,999,161
48380Milford, MI 483809.9 mi11$10,358,854$738,749$941,714

Frequently Asked Questions

How many homes are for sale in WALLED LAKE, MI 48390?

As of June 2026, there are 110 active listings in WALLED LAKE, MI (zip code 48390), compared to 83 the prior year.

What is the median home price in WALLED LAKE, MI 48390?

The median listing price in WALLED LAKE, MI 48390 is $327,450 as of June 2026, a 18.1% decrease from $399,875 the prior year.

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

Homes in WALLED LAKE, MI 48390 spend an average of 31 days on the market before going under contract, compared to 31 days the prior year.

Is it a seller's or buyer's market in WALLED LAKE, MI 48390?

Based on current inventory and days-on-market data as of June 2026, WALLED LAKE, MI 48390 is currently a Balanced Market. Inventory has increased compared to last year, with 27 more homes available — giving buyers more choice.

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

With SELL123.com's maximum 3% commission, sellers in WALLED LAKE, MI 48390 save an estimated $6,549 compared to a typical 5% commission on the median listing price of $327,450. 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.