How much does it cost to buy a house in Birmingham, MI?

In May 2026 Birmingham homes were listed to buy for a median price of $1.26M, which is a 26% decrease to April 2025 last month, and a 25% decrease to May 2025 last year. The median value of a home listed to buy in Birmingham in May 2026 was $391 per sqft, which is a 5% decrease to April 2025 last month, and a 5% decrease to May 2025 last year.

Is it affordable or expensive to live in Birmingham, MI?

It is expensive to live in Birmingham. Buying a home in Birmingham is 3% more expensive compared with the national average.

Is it a good time to buy property in Birmingham, MI?

Yes now is a good time to buy property in Birmingham, in May 2026, homes in Birmingham have decreased in value (price per sqft) by 5% in the last year compared with May 2025.

Are home prices dropping in Birmingham, MI?

Home price are dropping in Birmingham, in May 2026, homes to buy in Birmingham have decreased in median list price by 2% compared with April 2026, one month ago.

Is the Birmingham, MI housing market slowing down?

The housing market in Birmingham is slowing down. In May 2026, homes to buy in Birmingham spent an median 26 days on the market, a 18% decrease from May 2025 last year.

What are the best and safest places to live in Birmingham, MI?

The best and safest neighborhoods to live in Birmingham in May 2026 are Butler Ridge, Downtown Birmingham, Indian Village, Downtown Rochester, Corktown, Brush Park, Coventry Gardens, Palmer Park, Green Acres, University District, Ford Historic Homes, Downtown Detroit, North Rosedale Park, Rosedale Park, Russell Woods, East English Village, Eight Mile Wyoming, Grandmont, Warrendale, Brightmoor

How much money should I make to buy a house in Birmingham, MI?

In May 2026, Birmingham homes were listed to buy for a median price of $1.26M, with 25% down you would need $7.85K/month to cover expenses and assume that's 35% of your total monthly income, your total yearly income would need to be $269K.

Is it a good time to sell my house in Birmingham, MI?

Yes now is a good time to sell your house in Birmingham, in May 2026, homes in Birmingham have decreased in value (price per sqft) by 5% in the last year compared with May 2025.