Redford, MI Home Values & Market Trends
Real estate market trends reflect that there have been 1,494 transactions over the past year in Redford. The median value for residential home transactions that occurred over the previous year is $171,717.69. The number of current listings in Redford is 78, and the percentage of properties for sale in the city is 56.52%. Redford, MI currently has 60 properties in foreclosure, 14 bank owned properties, 46 properties headed for auction, and 78 properties for sale.
Housing Market Summary for Redford, MI
| Apr 2022 | April 2023 | Change | |
|---|---|---|---|
| Median Listing Price | $155.5K | $155.1K | -0.25% |
| Median Sold Price | $155.8K | $155.1K | -0.44% |
| Homes For Sale | 115 | 78 | -32.17% |
| Homes Sold | 740 | 656 | -11.35% |
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 $23,562 to $630,960. The median estimated value of a home in Redford is $171,717.69. The median list price of a home is 162,400, and the total count of properties in the city is 20,662.
- 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 $387,072 in 48239 to the lowest value of $25,938 in 48239. Bank owned homes and properties account for 0.07% of properties in Redford, MI. There are 2 zips within Redford, MI; 48239 containing 14 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions48239 has 29 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 0.22% 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 $255,969 in 48239 to the lowest value of $77,006 in $48239.
