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ZIP 48240 in Redford, MI: housing market trends

The median home sale price in ZIP 48240 in Redford, MI was $169,950 for the three-month period ending September 2026. Sale prices were 0.6% lower than the same period one year earlier. These are area-level statistics; changes in the mix of homes sold can move the median.

Median sale price
$169,950
three-month period ending September 2026
Median sale price per sq ft
$121.32
three-month period ending September 2026
Active listings
141
three-month period ending September 2026
Typical monthly rent
$1,580
Rent index · August 2026

How is housing inventory changing?

There were 141 active listings for the three-month period ending September 2026. Active listings were 7.6% higher than the same period one year earlier. This counts homes active at any time during the period, not only those available on its final day.

How long are homes taking to sell?

The median time on market was 28 days for the three-month period ending September 2026. Sale prices, inventory, and selling time describe different parts of the market; none alone establishes what an individual home will sell for.

Home prices by property type

Published Redfin medians for each home type. Each row covers the three-month period ending in its listed month; missing values remain unavailable.

Property-type comparison for ZIP 48240 in Redford, MI
Home typePeriod endingMedian sale priceSale price / sq ftHomes sold
All homesSeptember 2026$169,950$121.3275
Single-familySeptember 2026$169,957$121.3276
TownhousesSeptember 2026UnavailableUnavailableUnavailable
Condos / co-opsSeptember 2026UnavailableUnavailableUnavailable
Multifamily (2–4 units)September 2026UnavailableUnavailableUnavailable

Compare nearby housing markets

Published city and place figures. Check each row’s reporting period and source before comparing; these are separate markets, not neighborhood boundaries.

Nearby market comparison for ZIP 48240 in Redford, MI
MarketMedian sale priceReporting period / source
Redford, MI$195,000Month ending July 2026 · Zillow
Southfield, MI$217,500Month ending July 2026 · Zillow
Livonia, MI$338,000Month ending July 2026 · Zillow
Farmington, MI$329,8433 months ending September 2026 · Redfin
Farmington Hills, MI$375,000Month ending July 2026 · Zillow
Lathrup Village, MI$299,8573 months ending September 2026 · Redfin

Recent sale-price history

All residential home types. Each row represents an overlapping three-month period ending in that month. Use the charts above for the full available history and home-type filters. Missing values remain unavailable.

Recent home sale prices for ZIP 48240 in Redford, MI
Period endingMedian sale priceSale price / sq ftActive listings
September 2026$169,950$121.32141
August 2026$165,000$138.52140
July 2026$165,000$141.51131
June 2026$162,500$130.09119
May 2026$165,000$130.09105
April 2026$165,000$132.42102
March 2026$166,500$131.7186
February 2026$165,750$130.0889
January 2026$170,000$129.4399
December 2025$169,400$127.72108
November 2025$170,000$125.42119
October 2025$171,500$129.33123
September 2025$171,000$132.49131
August 2025$170,000$137.52122
July 2025$159,000$139.76118
June 2025$167,500$137.18107
May 2025$158,000$137.14103
April 2025$161,250$135.67100
March 2025$165,000$127.92103
February 2025$160,000$121.94103
January 2025$159,788$116.40113
December 2024$150,000$122.62117
November 2024$150,000$120.80132
October 2024$152,500$129.26133

Sources and definitions

Sale-price and property-type histories use Redfin where available. Redfin observations cover rolling three-month periods. Zillow Research supplies monthly home-value and rent indices and additional market series. Provider selection is shown in the chart details. Each metric retains its own reporting date.

Sale price per square foot describes completed sales with reported floor area; it is not a listing-price measure. Active listings count listings active during the reporting period. Home values and rents are typical-value indices, not sale-price or rent medians. ZIP map boundaries are Census ZCTAs and may differ from provider regions. Related ZIP associations do not imply containment within city boundaries.

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