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Farmington Hills Market Trends

Today, December 6, 2009

Median Sales Price in Farmington Hills

Embed Info
1 yr 5 yr Max
Farmington Hills median sales prices
Number of sold homes in Farmington Hills
No. BedroomsAug - Oct '09y-o-y3 months prior1 year prior5 years prior
1 bedroom$57,000-14.2%$62,134$66,423$83,250
2 bedrooms$96,350-6.9%$101,289$103,500$175,000
3 bedrooms$130,000-7.1%$106,784$140,000$217,500
4 bedrooms$171,100-24.0%$175,086$225,000$305,500
All properties$146,500-9.6%$130,000$162,000$246,000
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Farmington Hills Summary

The median sales price for homes in Farmington Hills MI for Aug 09 to Oct 09 was $146,500. This represents an increase of 12.7%, or $16,500, compared to the prior quarter and a decrease of 9.6% compared to the prior year. Sales prices have depreciated 40.4% over the last 5 years in Farmington Hills.

The average listing price for Farmington Hills homes for sale on Trulia was $215,280 for the week ending Nov 25, which represents a decline of 0.2%, or $442, compared to the prior week and a decline of 1%, or $2,200, compared to the week ending Nov 04. Average price per square foot for Farmington Hills MI was $78, a decrease of 15.2% compared to the same period last year.

 

Average Listing Price in Farmington Hills

Embed Info
1 yr 5 yr Max
Farmington Hills average property price
Farmington Hills – number of properties
No. BedroomsWeek ending
Nov 25
w-o-wWeek ending
Nov 18
Week ending
Nov 11
Week ending
Nov 4
1 bedroom$63,682-7.8%$69,061$68,492$67,437
2 bedrooms$115,566-0.4%$116,056$117,706$117,856
3 bedrooms$190,123+0.2%$189,838$190,731$190,711
4 bedrooms$283,415-0.4%$284,494$286,470$288,908
All properties$215,280-0.2%$215,722$216,004$217,480
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Average Price Per Sqft for Homes in Farmington Hills

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1 yr 5 yr Max
Farmington Hills average price per square foot
No. BedroomsAug - Oct '09y-o-y3 months prior1 year prior5 years prior
1 bedroom$62-22.5%$69$80$115
2 bedrooms$79-8.1%$76$86$140
3 bedrooms$81-14.7%$75$95$143
4 bedrooms$75-17.6%$73$91$132
All properties$78-15.2%$74$92$137
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Homes for Sale in Farmington Hills

30041 Briarton Street, Farmington Hills MI
30041 Bria…
$146,000
4 br  1 ½ ba
34642 Bunker Hill Drive, Farmington Hills MI
34642 Bunk…
$120,000
3 br  2 ba
30478 Scotshire Court, Farmington Hills MI
30478 Scot…
$214,900
4 br  4 ba
30344 Pipers Lane, Farmington Hills MI
30344 Pipe…
$239,900
4 br  2 ½ ba
28861 Balmoral Way, Farmington Hills MI
28861 Balm…
$150,000
3 br  2 ba
29435 Laurel Drive, Farmington Hills MI
29435 Laur…
$119,000
2 br  2 ba
View all Farmington Hills Homes for Sale
 
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Farmington Hills

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  • 48331
  • 48332
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Nearby Cities

Cities
Median
sales price
Average
listing price
Farmington
$111,905
$169,738
West Bloomfield
$157,316
$331,489
Wolverine Lake
$108,206
$226,524
Walled Lake
$91,380
$135,624
Orchard Lake
$278,459
$1,091,710
Southfield
$63,600
$104,473
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Advice

Recent Q&A in Farmington Hills, MI

Q: Looking for 3bd 2bth at least 1500ft for under 120000 prefer lower with a decent tax amount with basement//garage FHA approved. Is this possible? 6 answers
Q: Is Realcomp the only way to find a home in Farmington Hills? 8 answers
Q: Does anyone know about the Neighborhood Stabilization Program in farmington hills..how long is the process? 4 answers
Q: In this market...would it be better to try and sell now, or wait for some rebound? What about renting in the interim? 5 answers
Q: In this market...would it be better to try and sell now, or wait for some rebound? 2 answers

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Nearby Cities Home Prices

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Farmington Hills Stats & Trends

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Our real estate market trends page gives you a valuable overview of the Farmington Hills real estate market. Find Farmington Hills properties, sales statistics, real estate price trends, and real estate market activity. Find detailed information on Farmington Hills average and median listing prices, home value trends, and average price per square feet information for single family homes, condos, and other property types. Real estate market data is segmented by the number of bedrooms and Farmington Hills housing statistics are available for each Farmington Hills, MI neighborhood.
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About this Info
Average Listing Price for the most recent week available is based on daily list price data for resale and new homes on Trulia and is compared to the same period one week prior.

Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown.

 
   
About this Info
Average Sales Price is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources.

Number of Sales is a count of all known arms-length residential property sales over the prior 90-day period. Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown.

 
   
About this Info
Median Sales Price is the price at which one half of the homes sold above that amount and one half of the homes sold below that amount. Median Sales Price is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources.

Number of Sales is a count of all known arms-length residential property sales over the prior 90-day period. Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown.

 
   
About this Info
Average Price per Square Foot is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources.