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

In May 2026 Southfield homes were listed to buy for a median price of $232K, which is a 7% decrease to April 2025 last month, and a 6% decrease to May 2025 last year. The median value of a home listed to buy in Southfield in May 2026 was $136 per sqft, which is a 6% decrease to April 2025 last month, and a 5% decrease to May 2025 last year.

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

It is affordable to live in Southfield. Buying a home in Southfield is 1% less expensive compared with the national average.

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

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

Is the Southfield, MI housing market slowing down?

In May 2026, homes to buy in Southfield spent an median 35 days on the market, a same May 2025 last year.

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

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

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

In May 2026, Southfield homes were listed to buy for a median price of $232K, with 25% down you would need $1.48K/month to cover expenses and assume that's 35% of your total monthly income, your total yearly income would need to be $50.8K.

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

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