Southfield Real Estate
16 neighborhoods and communities
Active listings 150
Sold (past 12mo) 626
HFG +7.6%ⓘ
Household Formation Gap (HFG) is a secondary market indicator that measures hidden housing demand created by shrinking household sizes. As average household size decreases — due to divorce, single living, empty nesting, delayed marriage — more housing units are needed even without population growth. HFG compares the estimated number of households needed today versus 15 years ago: (population ÷ avg household size). This is a demographic trend signal, not a primary market indicator like income-based affordability or comparative market analysis. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates (2009–2023), Tables B01003, B25010, B25001.
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Condo Communities(16)
Autumn Ridge Condos 2
No active listings
Balmoral Club Condominiums
No active listings
Chanticleer
No active listings
Chelsea Crossing Of Southfield Condominium
No active listings
Cornerstone Village
No active listings
Cumberland Condos
No active listings
Greenbrooke Parkhomes
No active listings
Kingswood Place
No active listings
Meadowgrove Villas
No active listings
Mt Vernon Townhomes
No active listings
Park Place At Town Center
No active listings
Providence Tower
No active listings
Frequently Asked Questions about Southfield
What is the current real estate inventory in Southfield?
Buyers in Southfield can choose from 150 active listings. The median asking price is $245,000.
What is the median home price in Southfield?
The median sale price in Southfield is $245,000, based on 626 closed sales over the past 12 months.
How fast do homes sell in Southfield?
Homes in Southfield sell in an average of 68 days, based on 626 sales over the past 12 months.
What areas make up Southfield?
Southfield has 16 distinct neighborhoods and condo communities. Of these, 16 are condo communities.
What school districts serve Southfield?
Multiple school districts may serve Southfield. Michigan school district boundaries are independent of city borders. The school district for a specific property depends on its exact location within the city.
Is Southfield a buyer's or seller's market?
Southfield is currently a seller's market, with 2.9 months of supply. That ratio comes from 150 active listings relative to 626 sales per year.
How much are property taxes in Southfield?
Property taxes in Southfield are based on a property's State Equalized Value (SEV), which is roughly 50% of market value, multiplied by the local millage rate. Homestead properties (primary residences) receive a lower rate than non-homestead. Tax bills are split into summer and winter installments.
What does demographic data show about housing demand in Southfield?
Based on Census Bureau ACS 5-Year Estimates, the Household Formation Gap in Southfield is +7.6%. Shrinking household sizes (from 2.27 to 2.12 persons per household) have increased the number of households needing housing by 2,542 since 2009 — independent of the 0.5% population growth. This is a secondary demographic indicator, not a primary market measure.
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