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Farmington Hills

Why you'd want to live in Farmington Hills

Farmington Hills is located in Southeastern Michigan in Oakland County. It's recognized as an upscale suburb of the city of Detroit. Oakland is the most prosperous county in the state and one of the most prosperous in the country. It has a reputation for excellent schools and has numerous recreational programs for citizens of all ages. Situated in a major automotive region and Automation Alley, Farmington Hills is home to a large number of manufacturing research, engineering and design companies. Numerous major corporations are located in the city including Robert Bosch Corporation, Allstate Insurance, Alcoa, Nissan, Gale, Daimler Chrysler, Cingular Wireless, Motorola and many others.

Farmington Hills Market Report

$402,534

AVERAGE PRICE OF 142 HOMES

$549,000

AVERAGE PRICE OF 1 DISTRESSED HOMES

$2,010,000

AVERAGE PRICE OF 1 MULTI-MILLION DOLLAR HOMES

$591,491

AVERAGE PRICE OF 28 NEWLY BUILT HOMES

$285,340

AVERAGE PRICE OF 15 HOMES WITH A POOL

$642,316

AVERAGE PRICE OF 6 REDUCED PRICE HOMES

Average Home

Average Price $402,534
Avg Bedrooms 3.2 beds
Avg Bathrooms 2.17 baths

Average Price by Bedrooms

1 bedroom $132,700
2 bedrooms $304,592
3 bedrooms $354,295
4 bedrooms $475,046
5 bedrooms $770,395
Farmington Hills Home Price Trends
  2/2023 1/2023 12/2022 11/2022 10/2022
Total Listings 158 145 165 200 224
Average Price $381,808 $383,741 $386,588 $383,108 $393,131
Avg Price Change -0.51% -0.74% +0.91% -2.62% -0.63%
Median Price $345,468 $327,780 $336,818 $344,890 $350,773
Med Price Change +5.40% -2.76% -2.40% -1.71% -1.38%
Avg Bedrooms 3.19 beds 3.22 beds 3.2 beds 3.23 beds 3.28 beds
Avg Bathrooms 2.07 baths 2.13 baths 2.14 baths 2.12 baths 2.17 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 142 $402,534 67 days
Distressed Homes 1 $549,000 1 day
Multi-Million Dollar Homes 1 $2,010,000 127 days
Newly Built Homes 28 $591,491 79 days
Homes with a Pool 15 $285,340 22 days
Reduced Price Homes 6 $642,316 52 days
Bellabay Realty Tri-Counties
37361 Eight Mile Rd
Livonia, MI 48152
248-274-6614

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