Why Live in Southfield
Southfield, MI, is strategically located between downtown Detroit and Pontiac, making it a convenient spot for commuters. The city is a recognized business and commercial hub, with Ascension Providence Hospital being the largest employer. The Southfield Town Center, with its golden high rises, houses several Fortune 500 companies, restaurants, and a conference center. Major freeways like the John C. Lodge Freeway and US 696, along with thoroughfares such as Telegraph Road and Northwestern Highway, facilitate easy travel around the metro Detroit area. Southfield is working on becoming more pedestrian-friendly, with urban trails featuring benches, dog-resting stations, and bike-repair stations. Residential areas are characterized by quiet, tree-lined streets with homes in styles like ranch, bungalow, Cape Cod, and Tudor, many built in the 1940s and ‘50s. Larger properties with semi-wooded backyards can be found west of Telegraph Road, offering a more rural feel. The Southfield Public School District serves close to 5,000 students, and Lawrence Technological University provides higher education specializing in engineering, design, and architecture. Shopping and dining are concentrated along Telegraph Road, Evergreen Road, and Northwestern Highway, with popular spots like Nikola's Barbecue and Cornbread Restaurant. Recreational spaces include Beech Woods Recreation Center and Burgh Historical Park, which hosts summer concerts. The city experiences all four seasons, with cold winters and warm summers.
Frequently Asked Questions
What is the average home price in Southfield, MI?
Homes for sale in Southfield, MI have an average home price of $255,756.
How many homes have sold over the last 12 months in Southfield, MI?
722 homes have sold in Southfield, MI over the last 12 months.
What are the most popular zip codes in Southfield, MI?
How much do you need to make to afford a house in Southfield?
The median home price in Southfield is $240,000. If you put a 20% down payment of $48,000 and had a 30-year fixed mortgage with an interest rate of 6.75%, your estimated principal and interest payment would be $1,250 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $54K a year to afford the median home price in Southfield.
How are the schools in Southfield, MI?
Home Trends in Southfield, MI
On average, homes in Southfield, MI sell after 41 days on the market compared to the national average of 51 days. The median sale price for homes in Southfield, MI over the last 12 months is $235,000, up 4% from the median home sale price over the previous 12 months.
Median Sale Price
$235,000
Median Single Family Sale Price
$262,000
Median Townhouse Sale Price
$167,000
Median 2 Bedroom Sale Price
$173,250
Median 1 Bedroom Sale Price
$135,000
Average Price Per Sq Ft
$158
Number of Homes for Sale
118
Last 12 months Home Sales
722
Median List Price
$240,000
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
4%
