What’s My Home Worth in Farmington Hills?

If you’re a homeowner in Farmington Hills, Michigan, you’ve probably wondered, “What’s my home worth in today’s market?” With the real estate landscape shifting through 2024 into 2025, it’s a smart question to ask. Farmington Hills has seen notable trends in home values, and understanding these trends can give you confidence whether you’re planning to sell or just curious about your equity. In this article, we’ll analyze the latest home value trends for 2024–2025 in Farmington Hills – including average and median sale prices, price per square foot, and days on market. We’ll also look at example home valuations by style (ranch, colonial, condo) and neighborhood (Rolling Oaks, Woodcreek, Ramblewood), and discuss what affects home values in the area. Throughout, we’ll highlight how The Perna Team uses these insights to accurately price homes and provide personalized market reports. (If you’re eager for a custom valuation of your own home, keep reading – we’ll share how our team can help with that, too.)

Farmington Hills Housing Market Trends (2024–2025)

The Farmington Hills real estate market has been very active and competitive heading into 2025. In fact, Farmington Hills is currently considered a seller’s market, meaning there are more buyers than homes available – which tends to drive prices up and lead to faster sales. Home values have been trending upward modestly over the past year. For example, the median sold home price in Farmington Hills was about $364,500 as of March 2025, which is a 3.9% increase year-over-year. Zillow’s Home Value Index (a measure of typical home values) echoes this trend, estimating the typical Farmington Hills home value around $370,824, up roughly 3.8% from last year. In other words, home prices are a bit higher in 2025 than they were in 2024 – good news for homeowners watching their equity grow.

To put the latest numbers in perspective, here are some key market stats for Farmington Hills as of early 2025:

Median sale price: roughly $360K–$375K, depending on the source and timeframe (e.g. about $364,500 in March 2025). This is up a few percentage points from a year prior, indicating steady appreciation.
Average sale price: around the high $300Ks. For instance, the average home sale price over the last 12 months is about $366,853 (approximately 1% higher than the previous year’s average). Higher-end sales in the area pull the average a bit above the median.
Median price per square foot: approximately $156–$173 per sq. ft. on recent sales, according to various market reports. This means buyers are paying on average in the mid-$100s for each square foot of home space – a figure that can vary by home type and condition.
Days on market (DOM): Homes are selling quickly. The average time to sell a home in Farmington Hills is now around 20–25 days (about 3 to 4 weeks). This is a significant improvement from roughly 30+ days a year ago. In March 2025, for example, the average DOM was just 20 days, down from 32 days in March 2024. Zillow even reports a median of just 11 days to pending for recent listings, highlighting how fast good homes are going under contract.
Market competition: Buyer demand is strong. Homes in Farmington Hills often receive multiple offers (about 2 offers on average per listing) and usually sell for near asking price. The Redfin Compete Score rates the city as “very competitive,” with many homes selling above list price and a typical sale-to-list price around 99%. In early 2025, roughly one-third of sales have even been closing above the list price– a sign of bidding wars on desirable properties.

In short, the 2024–2025 market in Farmington Hills is characterized by rising prices, quick sales, and eager buyers. The inventory of homes for sale has been limited (months of supply is around 1 month, which is very low), so well-priced homes in good condition tend to sell fast. If you’re seeing headlines about cooling real estate in some parts of the country, note that Farmington Hills has remained pretty resilient. Prices here are holding strong or rising slightly, rather than falling. For homeowners, that means your property’s value in 2025 is likely higher than it was a year ago. (Of course, every home is unique – if you’re curious how your home fits into these stats, The Perna Team can prepare a personalized report to show you exactly what your home might be worth in this market.)

Home Values by Style: Ranch vs. Colonial vs. Condo

Home values in Farmington Hills can vary widely depending on home style and type. Let’s look at how different styles – ranch homes, colonial two-story homes, and condominiums – tend to be valued, along with some example price ranges for each.

Ranch Homes: Ranch-style homes (typically single-story houses) are popular in Farmington Hills, especially many mid-century ranches built in the 1950s–1970s. These homes often feature 3 bedrooms and around 1,000 to 1,500 square feet (though some larger ranches exist). In today’s market, a typical ranch in good condition might sell in the upper $200Ks to mid $300Ks, depending on size, updates, and location. For example, a well-kept 3-bedroom ranch might be valued around $300,000–$350,000 if it has modern updates. Smaller or dated ranches may still trade in the mid-$200K range. Ranches are in demand (appealing for those who want one-level living), but their smaller size relative to two-story homes usually means they’re priced a bit below similarly located colonials. Upgrades can really boost a ranch’s value – a renovated kitchen, new roof, or finished basement can push the price upward. Many buyers are willing to pay a premium for a move-in-ready ranch, rather than one they’ll need to fix up.
Colonial (Two-Story) Homes: Colonial-style homes (two-story houses, often with 3-5 bedrooms) tend to command higher prices than ranches in Farmington Hills because they usually offer more square footage and larger lot sizes. A typical colonial in Farmington Hills might range from the mid-$300Ks to $500K+, depending on the neighborhood and features. For instance, a 4-bedroom, 2.5-bath colonial with 2,500 sq. ft. might easily be valued around $400,000–$450,000 in a nice subdivision. In some upscale neighborhoods, colonial homes can sell for well over half a million. (We’ll talk about one such area – Rolling Oaks – in a moment, where the median price is around $431K.) Key factors for colonial values include the home’s size, age, and level of modernization. An older colonial from the 1970s that hasn’t been updated might sell in the $300Ks, whereas a fully renovated one with a gourmet kitchen, open floor plan, and updated baths could fetch a premium. Families often seek out these larger homes, so being in a good school zone or on a quiet cul-de-sac can further bump up a colonial’s value.
Condominiums/Townhomes: Farmington Hills also has a variety of condos and townhomes, which generally offer a more affordable entry point into the market. Condo values vary by age, size, and whether it’s a townhouse-style condo or an apartment-style unit. Many older condos (say, 1970s or 1980s construction) with 2 bedrooms can be quite affordable – some units may sell for well under $200,000. In fact, certain condo communities like Woodcreek Village have had units in the $100K range; that development features condos priced roughly from $40,000 up to $190,000 for the larger units. On the other end, newer or larger townhome-style condos (with garages, 3 bedrooms, etc.) can reach into the high $200Ks or low $300Ks. As of 2025, a modern 2-bedroom, 2-bath condo with updates might be valued around $250K give or take, whereas a smaller 1-bedroom unit might be closer to $150K. Condos’ values are influenced by their location and amenities (e.g. a condo in a desirable complex with a pool or in a prime location might sell higher). Keep in mind, condo values can also be affected by HOA fees and regulations – buyers consider the monthly dues when deciding what they’re willing to pay. Overall, though, condos in Farmington Hills present a more budget-friendly option compared to single-family homes, making them attractive for first-time buyers, downsizers, or those who want a low-maintenance lifestyle.

Every home is a bit different, but these examples give a ballpark for what to expect. If you own a ranch or colonial, your home’s worth will depend on the specifics (square footage, lot size, upgrades, etc.) relative to these citywide trends. And if you own a condo, its value will hinge on factors like the unit’s size, condition, and the condo community’s desirability. Farmington Hills real estate offers everything from starter condos to expansive colonials, so values span a big range. (Not sure where your home falls? Our team can provide a free valuation analysis – just let us know your home’s details, and The Perna Team will gladly break down how it compares to recent sales of similar ranches, colonials, or condos.)

Neighborhood Spotlight: Woodcreek, Rolling Oaks and Ramblewood

Local neighborhood dynamics can greatly influence your home’s value. Farmington Hills is a city of distinct subdivisions and communities – some featuring large estate homes, others known for affordable condos or charming mid-range houses. Let’s spotlight three example neighborhoods (Rolling Oaks, Woodcreek, and Ramblewood) to see how home values can differ across the city:

Woodcreek (Upscale Area with Varied Homes)

Woodcreek is another notable area in Farmington Hills, which includes subdivisions like Woodcreek Farms or Woodcreek Hills near the Wood Creek elementary school. This area features a mix of upscale homes, ranging from mid-century houses to newer builds, and even some condo communities (like Woodcreek Village, mentioned earlier). Home values in the Woodcreek vicinity can vary quite a bit because of that mix – you’ll find everything from entry-level condos to luxury homes on large lots. To illustrate the upper end, in the Wood Creek neighborhood the median list price was around $525,000 in early 2025, which signals that many homes here are in the half-million range. It’s not unusual in Woodcreek to see large colonial or contemporary homes priced $500K–$600K or more, especially if the property has a big lot or has been fully renovated. At the same time, Woodcreek also includes more moderately priced pockets (and the nearby condos that are well below that price).

Overall, Woodcreek is viewed as a desirable area, known for its quiet residential feel and often for larger home sizes – factors that drive up the average value. If your home is in the Woodcreek area, its worth might be above the city median, particularly if it’s one of the bigger single-family homes. And even if you have a smaller home or condo there, the surrounding high-value properties and neighborhood reputation can positively influence your home’s value. The market in Woodcreek stays active; while we don’t have a specific days-on-market stat for all Woodcreek, homes in the higher price tier might take a little longer than the city average to sell (simply because there are fewer buyers at the very high end), but well-priced ones still move relatively quickly thanks to sustained demand. The bottom line: Woodcreek’s name carries weight in Farmington Hills real estate, often translating to strong property values.

Rolling Oaks (High-Value Subdivision)

Rolling Oaks is a sought-after neighborhood in Farmington Hills known for its beautiful larger homes (often colonial-style) on spacious lots. Home values here tend to be higher than the city’s average. In fact, the median sale price in Rolling Oaks was about $431,000 recently, which is about 7.7% higher than a year before. This means a typical home in Rolling Oaks sells for well into the $400Ks. Many houses here boast 4+ bedrooms, updated interiors, and plenty of square footage, which contribute to those higher values. Despite the lofty prices, Rolling Oaks remains very competitive – buyers love the area’s appeal.

Homes in Rolling Oaks sell in roughly 19 days on average, which is a quick turnaround. That fast market time shows that if you list a home in Rolling Oaks, you’re likely to see strong interest. Buyers are often willing to pay a premium to get into this neighborhood, thanks to its reputation, the size/quality of homes, and perhaps features like community amenities or excellent curb appeal on its streets. For a homeowner in Rolling Oaks, it’s good to know your property is in a high-value pocket of Farmington Hills – your home’s worth is bolstered by the neighborhood’s prestige and demand. (It’s not uncommon to see Rolling Oaks homes pushing the half-million-dollar mark, especially if they have been tastefully updated.)

Ramblewood (Affordable & Popular for Condos)

Ramblewood offers a different slice of the Farmington Hills market. This neighborhood (located in the northern part of the city near Middlebelt and 14 Mile) is known for a combination of townhome-style condos and smaller single-family homes, often at more affordable price points than places like Rolling Oaks or Woodcreek. The median sale price in Ramblewood was about $245,000 (Feb 2025), which actually represents a slight drop (~4% lower) compared to the year prior. So home values in Ramblewood have been relatively flat or slightly down year-over-year, bucking the citywide trend of increases. One reason might be the mix of properties – many Ramblewood units are condos or attached homes, which appreciate differently than detached houses. Still, mid-$200Ks as a median means Ramblewood is one of the more attainable neighborhoods in Farmington Hills for buyers. Homes in Ramblewood also tend to stay on the market longer – on average around 80 days on market (as of early 2025) before selling. That’s much longer than the city’s 20-30 day average. The longer timeframe could indicate that, while there are interested buyers, the pool is smaller or buyers are taking more time to decide in this particular area. It might also reflect that some properties in Ramblewood are niche (for example, condos that appeal mostly to downsizers or investors, who aren’t as frantic as families needing a house ASAP).

For homeowners in Ramblewood, your property value will be influenced by this overall affordable positioning – expect your home’s worth to be around the low-to-mid $200Ks if it’s similar to the median, more if you have a larger model or a fully updated unit. The good news is that Ramblewood remains attractive to budget-conscious buyers. Its combination of a convenient location and lower price point means there will always be interest. And if the broader market continues to rise, Ramblewood could see a bump in the future as well (especially if condo demand grows). Tip: If you own a home in Ramblewood and want to maximize its value, making some strategic updates (modernizing the interior, for instance) could help your property stand out and possibly sell faster, given that buyers in this price range love turnkey condition.

Neighborhood differences like these show why a one-size-fits-all approach to home valuation doesn’t work. Even within the same city, a home in Rolling Oaks could be worth nearly double what a similarly sized home in Ramblewood is worth. That’s why local expertise is key. The Perna Team closely tracks these neighborhood trends – whether it’s knowing the premium Rolling Oaks commands or understanding the buyer demographics in Ramblewood. (If you’re unsure how your neighborhood’s reputation and stats might be affecting your home’s value, we can walk you through it. A quick conversation with our team can give you clarity on where your home stands in the Farmington Hills market.)

What Factors Affect Your Farmington Hills Home’s Value?

Every home’s value is determined by a mix of factors. Some are under your control (like upgrades you’ve made), and others are about location or market conditions. In Farmington Hills, these key factors tend to have the biggest impact on home worth:

Overall Condition & Upgrades: The condition of your home – and any improvements or upgrades – hugely influence value. Updated homes with modern kitchens, renovated bathrooms, new flooring, and fresh paint will command higher prices than similar homes that are outdated or need repairs. For example, if you’ve replaced an old roof or HVAC, or updated to granite countertops and stainless appliances, your home can be valued significantly higher than a fixer-upper down the street. Buyers in Farmington Hills are often willing to pay a premium for “move-in ready.” On the other hand, a home that shows deferred maintenance (old roof, peeling paint, original 1970s kitchen, etc.) will likely see lower offers, as buyers factor in the cost of needed updates. Essentially, the better the condition, the higher the value. It can be worth tackling some strategic upgrades before selling – even minor cosmetic fixes can boost the perceived value of your property.
Location & Neighborhood: In real estate, location is everything, and that holds true in Farmington Hills as well. Certain neighborhoods or subdivisions carry extra value (as we saw above). A home on a quiet cul-de-sac or backing to a park or woods might appraise higher than the same model on a busy main road. Proximity to desirable amenities also matters – being near shopping centers, restaurants, parks, or having convenient freeway access (without the noise) can make your home more attractive. In Farmington Hills, areas closer to downtown Farmington or near the M-5/I-696 corridor might see strong demand due to convenience. Additionally, neighborhood reputation (safety, cleanliness, any HOA benefits) factors in. Simply put, your home’s specific location within the city – down to the street and neighborhood – plays a role in what buyers will pay. Two identical houses can have different values if one is in a “prime” spot and the other is less ideal. (The Perna Team always evaluates location carefully when pricing a home, adjusting for these micro-level factors.)
Schools and District: Many buyers with children prioritize school districts, and Farmington Hills benefits from having well-regarded schools. The city is served mostly by Farmington Public Schools, which include several highly-rated elementary and high schools. Being in a top school zone (or even just the perception of one) can raise your home’s value because of increased demand. Even buyers without kids recognize that down the line, a home in a strong school district is a good resale investment. Farmington Hills has a mix of public and private schools (14 public schools with an average 6/10 GreatSchools rating, plus a number of private schools in the area), and overall the education options are considered a plus for the community. If your home is zoned to a particularly coveted school (for example, if a certain elementary has a great reputation), that could give you a slight edge in market value. In contrast, if a home sits right on the border of a less-renowned school district, some buyers might be a bit more hesitant. School rankings, reputation, and boundaries thus subtly influence property values in our area.
Home Size, Layout & Features: Basic attributes like square footage, number of bedrooms/baths, and lot size obviously affect value. A four-bedroom home will appraise higher than a similar three-bedroom, simply because it can accommodate more people. Larger lot or a fenced yard? That’s a bonus for many buyers (especially those with kids or pets) and can increase value. Beyond size, the layout matters too – open-concept layouts are very popular right now, so a home with a flowing, open kitchen/family room might attract higher offers than an older home with a chopped-up floor plan, even if square footage is the same. Special features also add appeal: a finished basement, a renovated master suite, a three-car garage, a deck or pool – all these can differentiate your home and raise its market price compared to homes lacking those features. In Farmington Hills, where many homes are older, having modern touches or extra living spaces (like a basement rec room or a home office) can set your property apart. We always consider how your home’s unique features stack up against the competition when determining value.
Current Market Conditions: Broader economic and market factors will influence your home’s worth as well. These include the current interest rates, the level of buyer demand vs. supply of homes, and seasonal trends. For instance, mortgage interest rates rose in 2023, which cooled buyer affordability a bit – that can cap how high prices can go, even in a seller’s market. Conversely, if interest rates dip in 2025, we might see another surge of buyers able to pay more, which could boost values further. Additionally, the time of year plays a role: spring often brings more buyers out (and more listings), whereas mid-winter can be slower. While your home’s intrinsic value doesn’t wildly change month to month, the price you can get might be higher when the market has momentum (like in a competitive spring market) versus during a lull. Right now, as of early 2025, the market conditions are favoring sellers – low inventory and solid demand – which is propping up home values. However, savvy pricing still matters; buyers are knowledgeable and won’t wildly overpay beyond what recent comps support.

These are just some of the main factors determining what your Farmington Hills home is worth. It’s a mix of your home’s qualities and the market environment. As a homeowner, you can’t change your location or the school district, but you can often enhance your home’s value by improving its condition or adding desirable features. And regardless of what you do to the home, understanding the market context (competition, recent sales, etc.) is crucial for setting the right price.

(Feeling overwhelmed by all the factors? Don’t worry – this is exactly where a local expert can help. The Perna Team analyzes all these aspects when valuing your home. We can point out which upgrades might give you the best return and how the current market trends impact your specific situation. If you ever want a free consultation to discuss your home’s value, just reach out – we’re happy to boil it down for you in simple terms.)

How The Perna Team Accurately Prices Your Home (and Offers Personalized Reports)

Determining the perfect listing price for your Farmington Hills home is both an art and a science – and it’s something The Perna Team prides itself on getting right. Our approach to pricing is rooted in data, local knowledge, and personal evaluation:

Deep Market Analysis: We constantly study the latest market data for Farmington Hills. That means looking at recent comparable sales (comps) of homes similar to yours, monitoring price trends month-by-month, and even tracking metrics like average price per square foot and days on market in your neighborhood. By staying on top of the numbers, we know exactly where the market is at any given moment. For example, we know if the median price in your area has shifted this quarter, or if homes are suddenly selling faster or slower than last season. This data-driven approach ensures that when we suggest a price, it’s backed by evidence – we’re not just guessing or using outdated information.
Local Expertise: Beyond the raw data, our team’s years of experience in Farmington Hills give us insight into those intangible factors. We know the neighborhoods, the different builders and styles of homes, and what features local buyers love most. We understand that a home in Independence Commons might fetch a different price than a similar home in Olde Franklin Towne, or how a house on a busy road might need a slight discount. This kind of hyper-local nuance is something you only get by working in the community day in and day out. The Perna Team has helped price and sell countless homes in the area, so we have a pulse on buyer preferences and how to highlight a home’s best attributes to justify top dollar. When we price your home, we take into account its unique story – the neighborhood, the lot, the renovations – in addition to the market comps.
Accurate, Competitive Pricing: Our goal is to price your home right – high enough to reflect its true value (so you don’t leave money on the table), but not so high that it deters buyers. Overpricing can cause a listing to stagnate, and underpricing means you lose out on potential profit. We strike that balance by using our analysis and expertise. In this fast-moving market, we also consider pricing strategically. For instance, given that many homes are getting multiple offers right now, we might price a home at a sweet spot to encourage competition, resulting in bids that drive the final price up. Accuracy is key: an accurately priced home sells faster and often for closer to asking price. The statistics in Farmington Hills show that homes are generally selling at about 99% of their listing price on average, and our aim is to keep you in that successful range by pricing it right from the start.
Personalized Market Reports: One unique service The Perna Team offers is providing personalized market reports to homeowners. If you’re not necessarily ready to sell today, but do want to keep an eye on your home’s value, we can set you up with regular updates. These reports detail what homes are selling for in your neighborhood, how long they’re taking, and how your own home’s estimated value changes with the market. It’s like having a financial statement for your property – invaluable information for making decisions. Many of our clients love receiving monthly or quarterly updates on their home’s worth; it helps them stay informed, and when the time comes to sell, there are no surprises. Our market reports are tailored – we adjust for the specifics of your home (we know if your model typically sells for more than the subdivision average, for example) so you get a realistic range. Think of it as a “home report card” that we’re happy to provide. And of course, if you ever want to dive deeper into the report or get an up-to-the-minute valuation, we’re just a phone call or email away.

Ultimately, accurate pricing comes down to understanding both the market at large and the individual home. The Perna Team combines both. We use the latest figures for Farmington Hills, but we also walk through your home personally to gauge its condition and features. When you work with us, you get a pricing strategy that’s custom-fit to your home – one that aims to attract the right buyers and maximize your sale price.

Perhaps you’re just curious right now – maybe you’ve plugged your address into an online estimator and got a number, but you’re not sure how accurate it is. This is where we can step in. We’ll gladly provide a free, professional home valuation for you, with no obligation. Our report will show you how we arrive at the price, including comparisons to recent sales and adjustments for your home’s unique qualities. Many homeowners in Farmington Hills have been pleasantly surprised at how much their home is worth in 2025’s market. If you’d like to find out, reach out to The Perna Team anytime and we’ll get started on a personalized report for your property.

Wrapping Up: Knowing Your Home’s Worth in Farmington Hills

The Farmington Hills market in 2024–2025 is healthy and strong, with home values holding firm or rising. We’ve seen that the average home price is in the upper $300s and the median sale price is in the mid $300s – a reflection of a robust demand for housing in our community. Whether you own a modest ranch in a cozy subdivision or a sprawling colonial in an upscale neighborhood, it’s important to stay informed about what your property could be worth. Real estate is one of our biggest financial assets, after all.

By looking at recent trends and examples in Farmington Hills, we can draw a few conclusions. First, pricing is nuanced – it depends on style, location, and condition. Second, our local market conditions (low inventory, solid buyer interest) are favoring sellers right now, which means it’s an opportune time to consider selling or at least assess your home’s value. Even if you’re not moving, knowing the market value can help with refinancing, home equity decisions, or just peace of mind about your investment.

We hope this deep dive has given you a clearer picture of home values in Farmington Hills. Knowledge is power when it comes to real estate. When you know what homes like yours are selling for, and what factors matter, you can make better decisions. If there’s one takeaway here, it’s that your home might be worth more than you think – the data shows a generally upward trend, and many homeowners have gained equity in the past year.

Lastly, you don’t have to figure it all out on your own. The Perna Team is here to help. We live and breathe Farmington Hills real estate, and nothing makes us happier than sharing that knowledge with our neighbors. If you’re ever wondering “What’s my home worth?” and want a reliable answer, reach out to us for a personalized assessment. We’ll give you an honest, comprehensive evaluation and answer any questions you have about the process. No pressure, just information and guidance from professionals who care about your goals.

Your home is special, and knowing its value is the first step in making the most of it. Whether you’re looking to sell soon, refinance, or just stay informed, keep this guide handy as a reference. And remember, we’re only a call or message away if you’d like to discuss your home’s worth in detail. Here’s to staying informed and making confident real estate decisions in Farmington Hills!