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Southfield, MI Real Estate & Property Data

Southfield Real Estate Market Trends
Last Updated: April 25, 2024

Accurate and comprehensive real estate data is critical for insight into Southfield, MI. ATTOM’s Southfield real estate data is updated daily, and current market trends show that in Southfield, MI a total of 998 residential properties have sold over the past year. With a median home price of $260,000 in Southfield and a total of 12 foreclosures. Get detailed property data for Southfield, MI instantly. ATTOM is your one-stop-shop for the Southfield property reports and real estate data you need in Southfield, MI.

Southfield Real Estate Market Trends
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    • Zip Code: 60093
    • City: Chicago, IL
    • Address: 123 Main St, Chicago, IL
Total Residential Properties 24,010
Total Commercial Properties 1,513
Avg. Home Age (Single Family Home) 64 Years
Avg. Square Feet (Single Family Home) 1,798
Total 2024 Residential Sales (year-to-date) 131
% of Homes Seriously Underwater (Q2 2024) 0.84%
Total 2023 Residential Sales 942
% of Equity Rich Homes (Q2 2024) 41.1%
Effective 2023 Property Tax 1.39%
Total Foreclosure Filings (year-to-date) 33
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Southfield, MI Real Estate Overview

There were 998 residential properties sold in the past year in Southfield, MI. The median home value in Southfield, MI is $253,420. There are a total of 24,010 residential properties in the Southfield.

Median Sales Price i
$260,000
(Feb 2024)
+0.6%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • February '24 Feb '24 $260,000
  • January '24 Jan '24 $237,500
  • December '23 Dec '23 $260,000
  • November '23 Nov '23 $258,000
  • October '23 Oct '23 $260,000
  • September '23 Sep '23 $270,000
  • August '23 Aug '23 $227,500
  • July '23 Jul '23 $299,500
  • June '23 Jun '23 $275,885
  • May '23 May '23 $290,000
  • April '23 Apr '23 $245,000
  • March '23 Mar '23 $230,250
Median Down Payment i
$12,150
(Feb 2024)
-41.2%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • February '24 Feb '24 $12,150
  • January '24 Jan '24 $14,983
  • December '23 Dec '23 $17,750
  • November '23 Nov '23 $13,175
  • October '23 Oct '23 $13,500
  • September '23 Sep '23 $21,400
  • August '23 Aug '23 $21,875
  • July '23 Jul '23 $14,950
  • June '23 Jun '23 $21,125
  • May '23 May '23 $19,996
  • April '23 Apr '23 $13,000
  • March '23 Mar '23 $13,620
Number of Homes Sold i
70
(Feb 2024)
+25%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • February '24 Feb '24 70
  • January '24 Jan '24 61
  • December '23 Dec '23 73
  • November '23 Nov '23 83
  • October '23 Oct '23 77
  • September '23 Sep '23 74
  • August '23 Aug '23 89
  • July '23 Jul '23 91
  • June '23 Jun '23 82
  • May '23 May '23 87
  • April '23 Apr '23 67
  • March '23 Mar '23 88
Number of Purchase Loans i
40
(Feb 2024)
-2.4%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • February '24 Feb '24 40
  • January '24 Jan '24 43
  • December '23 Dec '23 42
  • November '23 Nov '23 64
  • October '23 Oct '23 48
  • September '23 Sep '23 44
  • August '23 Aug '23 71
  • July '23 Jul '23 64
  • June '23 Jun '23 56
  • May '23 May '23 76
  • April '23 Apr '23 51
  • March '23 Mar '23 63
Number of REFI Loans i
90
(Feb 2024)
+100%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • February '24 Feb '24 90
  • January '24 Jan '24 73
  • December '23 Dec '23 48
  • November '23 Nov '23 78
  • October '23 Oct '23 83
  • September '23 Sep '23 56
  • August '23 Aug '23 94
  • July '23 Jul '23 234
  • June '23 Jun '23 68
  • May '23 May '23 73
  • April '23 Apr '23 58
  • March '23 Mar '23 47
Number of HELOC Loans i
20
(Feb 2024)
+33.3%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • February '24 Feb '24 20
  • January '24 Jan '24 21
  • December '23 Dec '23 26
  • November '23 Nov '23 24
  • October '23 Oct '23 26
  • September '23 Sep '23 24
  • August '23 Aug '23 34
  • July '23 Jul '23 29
  • June '23 Jun '23 25
  • May '23 May '23 23
  • April '23 Apr '23 22
  • March '23 Mar '23 22

Southfield, MI Real Estate Market Overview

Last 30 days
  • Zip
    Median Est. Value
  • Zip
    Median Est. Value
  • Zip
    Median Est. Value

Southfield, MI Foreclosure Activity

There were a total of 12 Southfield, MI properties with a foreclosure filing in February 2024. Lenders started the foreclosure process on 12 Southfield, MI properties and repossessed 1 Southfield, MI properties through completed foreclosures (REOs) in February 2024.

Total Foreclosure Filings i
12
(Feb 2024)
+100%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • February '24 Feb '24 12
  • January '24 Jan '24 21
  • December '23 Dec '23 9
  • November '23 Nov '23 9
  • October '23 Oct '23 15
  • September '23 Sep '23 15
  • August '23 Aug '23 17
  • July '23 Jul '23 8
  • June '23 Jun '23 21
  • May '23 May '23 16
  • April '23 Apr '23 9
  • March '23 Mar '23 13
Foreclosure Starts i
12
(Feb 2024)
+100%
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • February '24 Feb '24 12
  • January '24 Jan '24 21
  • December '23 Dec '23 9
  • November '23 Nov '23 9
  • October '23 Oct '23 15
  • September '23 Sep '23 15
  • August '23 Aug '23 17
  • July '23 Jul '23 8
  • June '23 Jun '23 21
  • May '23 May '23 16
  • April '23 Apr '23 9
  • March '23 Mar '23 13
Completed Foreclosures (REOs) i
1
(Feb 2024)
year-over-year
y-o-y
List Graph
1 year 3 years Subscribe 5 years Subscribe
  • February '24 Feb '24 1
  • January '24 Jan '24 3
  • December '23 Dec '23 2
  • November '23 Nov '23 N/A
  • October '23 Oct '23 2
  • September '23 Sep '23 N/A
  • August '23 Aug '23 5
  • July '23 Jul '23 3
  • June '23 Jun '23 2
  • May '23 May '23 2
  • April '23 Apr '23 N/A
  • March '23 Mar '23 1
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