Birmingham Housing Market Report March 2025•Oakland County, Michigan

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Housing Prices in Birmingham, MI

How much do homes in Birmingham, MI cost?

Housing Market Conditions

Is Birmingham, MI a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Birmingham is a Neutral Market

Difference Since March 2024

At the same time last year, Birmingham was a Seller's Market.

Insight

Birmingham is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$850,000$306/SqFt
+$105,473
+14.2%

Based on all homes sold in the last 12 months

Insight

Homes in Birmingham have sold for 14.2% more than they did a year ago.

Summary: The median home sold price in Birmingham was $850,000 in March 2025, up 14.2% from last year, and the median price per square foot was $306.

Median Sold Price By Cities

Median Sold 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
Birmingham
+14.2%
Troy
+9.5%
Royal Oak
+0.9%
Bloomfield Charter Township
-0.1%
Bloomfield Hills
-1.6%

Median Sold Price By Bedrooms

Median Sold 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.
BedsMar 2024Mar 2025Change YoY
1$305.5K$240.7K
-21.2%
2$363K$330.2K
-9.0%
3$555K$621K
+11.9%
4$1.0M$1.1M
+11.9%
5$2.2M$2.0M
-9.8%

Summary: Birmingham housing price by bedroom type for March 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -21.2%. The home price for 2 bedroom homes decreased by -9.0%. The home price for 3 bedroom homes increased by +11.9%. The home price for 4 bedroom homes increased by +11.9%. The home price for 5 bedroom homes decreased by -9.8%.

How does Birmingham, MI compare with other places?

Market comparison tool

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

Birmingham, MI

Housing supply in Birmingham, MI

How many homes are available in Birmingham, 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
144Last MonthMar 2025
1152 months agoFeb 2025
+25.2 %
Change MoMFeb – Mar

Summary: The Birmingham real estate market had 144 homes for sale in Mar 2025, a 25.2 % increase compared to Feb 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
22Last MonthMar 2025
352 months agoFeb 2025
-37.1 %
Change MoMFeb – Mar

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.
BedsFeb 2025Mar 2025Change MoM
143
-25.0%
22027
+35.0%
33143
+38.7%
42933
+13.8%
53138
+22.6%

Summary: Birmingham housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -25.0%. The inventory for 2 bedroom homes increased by +35.0%. The inventory for 3 bedroom homes increased by +38.7%. The inventory for 4 bedroom homes increased by +13.8%. The inventory for 5 bedroom homes increased by +22.6%.

Asking Price vs. Sold Price

How much do homes in Birmingham, 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 Price9 Homes

At Asking Price6 Homes

Under Asking Price7 Homes

Insight

If you're buying a home in Birmingham, you could pay more than the asking price. 40.9% of homes here sold above asking price last month.

Summary: A total of 22 homes were sold or pending in Birmingham in March 2025, down by 37.1% month-over-month. Of the 22 sold homes, 32% were sold under asking, 27% were sold at asking, and and 41% were sold over asking.

Days on Market for Birmingham, MI

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

Breakdown of Home Sale Times

Under 30 Days17 Homes

30 – 90 Days5 Homes

Over 90 Days0 Home

Insight

Many homes in Birmingham are selling fast, if you're buying plan to act quickly.

Summary: During March 2025, 22 homes were sold in Birmingham; 77% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
16 DaysThis YearMar 2025
30 Days1 year agoMar 2024
-46.7 %
Change YoYMar 2024 – Mar 2025

Summary: Homes in Birmingham had an average listing age of 16 days in Mar 2025, down by 46.7% compared to the previous year.

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Newest Listings in Birmingham, MI

What homes are available in Birmingham, MI?

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Nearby markets

Popular Cities with Homes for Sale in Michigan

MLS Disclaimers and Copyright

Based on information from RealComp II Ltd., Michigan Regional Information Center LLC, and MiRealSource Inc. DL for the period 04/01/2023 - 04/01/2025

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/4/2025, 11:20:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Last updated on: 4/4/2025, 11:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/4/2025, 11:20:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.