Farmington Hills Market Report
$423,690
AVERAGE PRICE OF 263 HOMES$1,824,666
AVERAGE PRICE OF 12 MULTI-MILLION DOLLAR HOMES$1,010,732
AVERAGE PRICE OF 9 NEWLY BUILT HOMES$239,412
AVERAGE PRICE OF 23 HOMES WITH A POOL$244,500
AVERAGE PRICE OF 10 REDUCED PRICE HOMES$416,673
AVERAGE PRICE OF 142 DISTRESSED HOMESAverage Home
| Average Price | $423,690 |
| Avg Bedrooms | 2.64 beds |
| Avg Bathrooms | 2.21 baths |
Average Price by Bedrooms
| 1 bedroom | $127,637 |
| 2 bedrooms | $247,561 |
| 3 bedrooms | $373,603 |
| 4 bedrooms | $489,469 |
| 5 bedrooms | $696,291 |
Farmington Hills Home Price Trends
| 12/2024 | 11/2024 | 10/2024 | 9/2024 | 8/2024 | |
|---|---|---|---|---|---|
| Total Listings | 290 | 350 | 399 | 402 | 389 |
| Average Price | $420,431 | $434,123 | $427,739 | $422,863 | $433,277 |
| Avg Price Change | -3.26% | +1.49% | +1.15% | -2.46% | -2.16% |
| Median Price | $354,282 | $367,696 | $371,565 | $376,951 | $380,068 |
| Med Price Change | -3.79% | -1.05% | -1.45% | -0.83% | +1.13% |
| Avg Bedrooms | 2.63 beds | 2.73 beds | 2.66 beds | 2.64 beds | 2.61 beds |
| Avg Bathrooms | 2.2 baths | 2.29 baths | 2.33 baths | 2.34 baths | 2.31 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Farmington Public School District | 2 | $459,950 | 80 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 263 | $423,690 | 90 days |
| Multi-Million Dollar Homes | 12 | $1,824,666 | 155 days |
| Newly Built Homes | 9 | $1,010,732 | 85 days |
| Homes with a Pool | 23 | $239,412 | 56 days |
| Reduced Price Homes | 10 | $244,500 | 51 days |
| Distressed Homes | 142 | $416,673 | 87 days |
