Photo: Dave Parker · CC BY 3.0637 homes sold in Southfield in the last year, at a typical $243K
About one sale in 4 is a condo. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Southfield homes are listed.
Every place Southfield homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Southfield.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
A quarter of Southfield’s sales are condos, at $104K less than a house
484 houses and 153 condos sold in the year to May 2026. Houses sell faster and draw more bidding wars.
typical sale · 484 sold in 12 months
- Per square foot
- $154MI $172
- Days to sell
- 32
- Sold over asking
- 37%
- Listings with a price cut
- 29%
typical sale · 153 sold in 12 months
- Per square foot
- $115MI $190
- Days to sell
- 48
- Sold over asking
- 22%
- Listings with a price cut
- 21%
Fewer homes sell than a decade ago, at twice the 2016 price
637 sales in the last year, against 1,101 in 2012 and a low of 684 in 2024. The typical sale went from $120K in 2016 to $243K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $250K buys in Southfield
Check a listing against what Southfield homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Southfield are back to pre-pandemic levels, with about as many homes for sale
We read every month of Southfield’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 637 sales.
If you’re buying in Southfield
- Shop in October. It brings about 89 new listings a month, close to the busiest month, with fewer bidding wars (30% over asking).
- Some room to negotiate. 27% of listings cut their price, about as many as before the pandemic.
- Bid near asking. Buyers paid 98.6% of the list price on average; 33% paid over.
- You’ll usually have time. Only 38% of homes go under contract within two weeks; the typical one takes 34 days.
Summer brings both the most homes and the most bidding wars
July has the most new listings (about 104 a month), but June is the most competitive: 42% of June sales close over asking. September and October offer nearly as much choice with fewer homes bid up (33%). January has the least competition (27%).
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and about like Michigan as a whole
| Southfield now | 2017–19 | 2021 peak | MI now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 33% | 31% | 48% | 31% |
| Gone within two weeksShare of homes under contract within 14 days | 38% | 44% | 58% | 43% |
| Listings with a price cutShare of homes for sale that cut their price | 27% | 26% | 20% | 28% |
| Price paid vs. askingAverage sale price ÷ list price | 98.6% | 97.8% | 100.4% | 98.4% |
| Days to sellMedian days from listing to contract | 34 | 20 | 16 | 33 |
146 homes for sale on a typical day
That’s 1.5 times the 2023 low (95), about the 2017–19 level and well under 2012’s 464.
1 in 4 listings has cut its price
27% in the last year, against 26% in 2017–19 and 28% across Michigan.
Since 2019, houses are up 56%, condos 48%
A house typically sold for $276K in the last year (484 sales), a condo for $172K (153).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Southfield ranks 108th of 194 busy Michigan markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Southfield is in the middle of the pack.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Southfield home costs about $1,596 a month
Price: Southfield’s typical sale, last 12 months. Property tax at Southfield’s 1.6% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Southfield is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in July
The month with the most choice. December has the fewest, about 54.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $243K home, about $3,940 a year.
Taxes vs. neighborsSchools
The schools grade for Southfield, from test results, graduation and how much students grow.
Schools in SouthfieldTypical commute
The average one-way trip to work for people who live in Southfield.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
No busy market nearby sells for less a square foot; Beverly Hills, Franklin, Berkley and Huntington Woods for far more
The busier markets within 25 miles of Southfield, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Southfield | 637 | $243K | $144 | 33% | 34 |
| Oak Park | 311 | $237K | $173 | 37% | 29 |
| Berkley | 305 | $338K | $262 | 48% | 20 |
| Beverly Hills | 161 | $591K | $269 | 37% | 19 |
| Huntington Woods | 73 | $511K | $279 | 49% | 18 |
| Franklin | 51 | $967K | $291 | 27% | 48 |
| Lathrup Village | 50 | $338K | $155 | 44% | 33 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Southfield, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Southfield. People who follow the town see it, and so do people comparing Southfield with their own town. No commission, no listing fee.
Questions about buying a home in Southfield
What do homes sell for in Southfield, MI?
637 homes sold in the year to May 2026 at a typical $243K, $144 a square foot. Houses sold for about $276K, condos for about $172K.
Is Southfield a buyer’s or seller’s market?
A seller’s market: 151 homes were for sale in May 2026 and 45 sold, about 3.4 months of supply. Buyers paid 98.6% of asking on average, and 27% of listings cut their price.
When is the best time to buy in Southfield?
July brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Southfield?
About 1.6% of a home’s value a year. On a $243K home that’s near $3,940.
Where can I see homes for sale in Southfield?
Zillow, Redfin, Realtor.com and Homes.com all carry Southfield’s MLS listings; the search links above open each one filtered to Southfield.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).