Bingham Farms Housing Market Report February 2025Oakland County, Michigan

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Housing Prices in Bingham Farms, MI

How much do homes in Bingham Farms, MI cost?

Median List Price

Median List Price
This is the middle price for which all homes in a given area are listed. Half of all the homes sold were below this price, and half were above.
$521,500$196/SqFt
-$137,500
-20.9%

Based on all homes listed in the last 12 months

Insight

The list price of homes in Bingham Farms has decreased by 20.9% since last year.

Summary: The median home list price in Bingham Farms was $521,500 in February 2025, down 20.9% from the previous year, and the median price per square foot was $196.

Median List Price By Cities

Median List Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Franklin
+15.7%
Beverly Hills
+9.9%
Southfield Township
+9.2%
Southfield
+8.1%
Bingham Farms
-20.9%

Median List Price By Bedrooms

Median List Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsFeb 2024Feb 2025Change YoY
1--
N/A
2$410K$425K
+3.7%
3$449.9K$455K
+1.1%
4$729K$1.0M
+47.1%
5$1.9M$3.9M
+100.2%

Summary: Bingham Farms housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +3.7%. The home price for 3 bedroom homes increased by +1.1%. The home price for 4 bedroom homes increased by +47.1%. The home price for 5 bedroom homes increased by +100.2%.

How does Bingham Farms, MI compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Bingham Farms, MI

Housing supply in Bingham Farms, MI

How many homes are available in Bingham Farms, MI?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
6Last MonthFeb 2025
42 months agoJan 2025
+50.0 %
Change MoMJan – Feb

Summary: The Bingham Farms real estate market had 6 homes for sale in Feb 2025, a 50.0 % increase compared to Jan 2025.

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
100
0.0%
200
0.0%
323
+50.0%
423
+50.0%
500
0.0%

Summary: Bingham Farms housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +50.0%. The inventory for 4 bedroom homes increased by +50.0%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Bingham Farms, MI cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price1 Home

At Asking Price0 Home

Under Asking Price0 Home

Insight

If you're buying a home in Bingham Farms, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Bingham Farms in February 2025, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and and 100% were sold over asking.

Days on Market for Bingham Farms, MI

How long does it take to sell a home in Bingham Farms, MI?

Breakdown of Home Sale Times

Under 30 Days0 Home

30 – 90 Days0 Home

Over 90 Days1 Home

Insight

Most homes in Bingham Farms are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2025, 1 homes were sold in Bingham Farms; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.

Average Listing Age

Average Listing Age
This is the average number of days an active home has been on the market.
This Year1 year agoChange YoY
70 DaysThis YearFeb 2025
220 Days1 year agoFeb 2024
-68.0 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in Bingham Farms had an average listing age of 70 days in Feb 2025, down by 68.0% compared to the previous year.

Newest Listings in Bingham Farms, MI

What homes are available in Bingham Farms, MI?

MLS Disclaimers and Copyright

Based on information from RealComp II Ltd., for the period 03/01/2023 - 03/01/2025

IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2025 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/13/2025, 7:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.