48331 Home Values & Market Trends
There are 357 homes currently listed for 48331. 48331 real estate market trends show that home prices range from $194,900 to $2,250,000, and the median sales price in the 48331 zip code is $471,890. The total number of properties sold within the past twelve months is 287. In 48331, 15 properties are in foreclosure, 1 are bank owned properties,and 14 are headed for auction.
Housing Market Summary for 48331
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $449.9K | $450K | 0.02% |
| Median Sold Price | $464.8K | $434K | -6.64% |
| Homes For Sale | 261 | 352 | 34.87% |
| Homes Sold | 209 | 114 | -45.45% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in 48331
Browse Homes in 48331
The median list price of a home in Farmington, is $471,890. A total of 357 properties are for sale, and the percentage of properties for sale in the zip code is 357.00%. The total count of 48331 properties is 498.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in 48331 with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 48331; of that cities, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 48331 ranges from the highest value of $0 in farmington to the lowest value of $0 in farmington. Bank owned homes and properties account for 0.20% of properties in 48331. There is 1 cities within 48331; farmington containing 0 REO properties, has the highest number of bank owned properties in a single city.
- Auctionsfarmington has 3 auction properties, the highest number of properties going to auction in a single city in the state of 48331. Auction homes and other auction properties account for 2.81% of all properties in 48331. There is 1 cities within 48331; of that cities, the median estimated home value for homes going to auction ranges from $389,323 in farmington to the lowest value of $69,839 in farmington.
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More Real Estate Resources for 48331
Guide for 48331
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
Tips to find a home in pre-foreclosure and get a good deal on a new home.
