Redford, MI Home Values & Market Trends
Real estate market trends reflect that there have been 740 transactions over the past year in Redford. The median value for residential home transactions that occurred over the previous year is $179,155. The number of current listings in Redford is 1,110, and the percentage of properties for sale in the city is 1110.00%. Redford, MI currently has 63 properties in foreclosure, 11 bank owned properties, 52 properties headed for auction, and 1,110 properties for sale.
Redford, MI Real Estate Market Overview
Housing Market Summary for Redford, MI
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $179.9K | $176.3K | -1.97% |
| Median Sold Price | $219.9K | $156.7K | -28.75% |
| Homes For Sale | 747 | 1,082 | 44.85% |
| Homes Sold | 306 | 137 | -55.23% |
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 Redford, MI
Browse Homes in Redford, MI
Redford home values range from $27,500 to $386,511. The median estimated value of a home in Redford is $179,155. The median list price of a home is 175,000, and the total count of properties in the city is 1,361.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Redford, MI with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 2 zips within Redford, MI; of those zips, 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 Redford, MI ranges from the highest value of $214,538 in 48239 to the lowest value of $93,965 in 48240. Bank owned homes and properties account for 0.81% of properties in Redford, MI. There are 2 zips within Redford, MI; 48239 containing 7 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions48239 has 37 auction properties, the highest number of properties going to auction in a single zip in the state of Redford, MI. Auction homes and other auction properties account for 3.82% of all properties in Redford, MI. There are 2 zips within Redford, MI; of those zips, the median estimated home value for homes going to auction ranges from $330,366 in 48240 to the lowest value of $31,351 in 48240.
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Guide for Redford, MI
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.
