Farmington Hills MI Homes for Sale | June 2026 Market Report

The Farmington Hills and Farmington housing market closed 91 home sales in June 2026 at a combined median price of $390,000, with single-family homes reaching a median of $420,000 and going under contract in just 6 days. Market analysis by Michael Perna, Metro Detroit's #1 real estate team leader with 8,000+ career transactions, 24+ years serving Oakland County, and a Farmington Hills native raised in the Hunt Club subdivision.

Quick Answer: As of June 2026, single-family houses in Farmington Hills sell at a $420,000 median in 6 days. Condos run $294,000 in 32 days. Combined with Farmington, 91 homes closed at a $390,000 median. At roughly 2 months of supply versus 4.5 nationally, this is a seller's market, and it is tightest between $300K and $400K, where supply sits at just 1 month.

Every house in this town has a birth year, and in Farmington Hills the birth year IS the price tag.

I'll show you exactly what I mean in a minute. Hold that thought.

First, a warning about the numbers you'll find everywhere else. Google "Farmington Hills median home price" right now and you'll get five different answers. Redfin says $350,000. Zillow says $385,085. Realtor.com says $399,450.

Which one is right? None of them, exactly. And if you price your home off the wrong one, that mistake costs real money.

So here's what I did instead. I read all 91 June closings across Farmington Hills and Farmington. The 147 listings still sitting. The 118 under contract. Every one of the 901 sales from the past twelve months. This is my hometown. I grew up here, Farmington Public Schools K-8, and I watch this market house by house.

Farmington Hills Housing Market: June 2026 by the Numbers

Homes sold: 91 (62 houses, 29 condos)
Median sale price: $390,000 combined
Houses only: $420,000 median, sold in 6 days
Condos only: $294,000 median, sold in 32 days
Median price per square foot: $208
Active listings: 147 (104 houses, 43 condos)
Under contract: 118 (16 still taking backup offers)
Coming soon: just 5

That's about 2 months of overall supply. For context, the national market is sitting near 4.5 months right now. Farmington Hills is running at less than HALF the national inventory level. Under three months is a seller's market, and this one has been a seller's market all year.

But even my own combined median is hiding something this month.

Why Redfin, Zillow, and Realtor.com Show Different Farmington Hills Prices (And Why It Matters)

Back to Redfin's $350,000 versus Realtor.com's $399,450. A $49,000 spread on the same city. Here's what's actually happening:

Redfin's number trails the market by a month or more and uses its own city boundaries. Zillow's $385,085 is a computed "home value index," not actual closings. Realtor.com leans on LIST prices, what sellers are asking, not what buyers paid. None of them separate houses from condos, and in a market where condos were 32% of June's closings (29 of 91, way above their normal 24% share), that blending drags the "median" down hard.

Strip out the mix and the truth is simple. Houses: $420,000 median, 6 days. Condos: $294,000 median, 32 days.

So if you own a house here and you price it off a portal's blended $350K-$390K number, you're underquoting yourself by $30,000 to $70,000. Which number should you trust? The one for YOUR property type, from actual closed sales. That's the only number a buyer's appraiser will care about anyway.

Not sure which number applies to your house? Text FARMINGTON to (248) 886-4450 with your street name and I'll send you the actual closed comps for your decade and your lane. No listing pitch, just the data.

Farmington Hills Home Prices by Decade Built: The Decade Ladder

OK, the birth-year thing. This is the single most useful way to understand Farmington Hills, and nobody else explains it.

This city was built in waves, and the past year's 686 house sales sort themselves onto a ladder almost perfectly:

1950s builds: median $339,900
1960s builds: median $377,250
1970s builds: median $434,750
1980s-90s builds: median $500,000
2000 and newer: median $660,000+

Each decade you climb adds roughly $40,000 to $65,000. The 50s and 60s ranches near the Farmington border, the 70s colonials mid-city, the 80s and 90s subdivisions toward 13 and 14 Mile . . . . the city literally prices itself by construction era.

And the stat that defines this whole market: 57% of every house sold here in the past year was built between 1960 and 1989. That's 391 sales. Median $430,000. Gone in 9 days.

That colonial-and-ranch belt IS Farmington Hills. I grew up inside it. It's the engine of this market, and it is running hot.

One more rung on the ladder, because buyers ask me this weekly: bedrooms. Three-bedroom houses ran a median of $339,950 over the past year. Four bedrooms? $465,000. That fourth bedroom is a $125,000 line in this town. If you're a seller with a den that legally counts as a bedroom, we're counting it.

Months of Supply by Price Range: The Two-Lane Market

Months of supply by price point, June's active inventory against the past year's sales pace:

Under $200K: 3.7 months
$200K to $300K: 1.5 months
$300K to $400K: 1.0 month
$400K to $500K: 1.7 months
$500K to $750K: 3.0 months
$750K+: 4.4 months

Read that middle line again. ONE month of supply in the $300s. That band produced 278 sales over the past year, more than any other, and June's 27 closings there went under contract in a median of 5 days. Five. If you're shopping in the $300s, your decision window is a weekend.

Now the flip side, and this one surprises people: the slowest lane in Farmington Hills is the CHEAPEST one. There are 30 active listings under $200K against a sales pace of 8 per month. Nearly 4 months of supply. Why? Because almost everything under $200K here is an older condo that needs work, and in June, 13 of the 17 sales under $250K were condos. Dated units sit. Over the past year, condos under $250K took about a month to sell while condos over $250K moved in 16 days. The updated product flies. The 1980s oak-and-brass original sits until the price says "project."

Meanwhile, the $500K to $750K shelf is carrying 40 active listings, the biggest stack in the city, at 3 months of supply. Still a seller's market up there, but the seller has to earn it: condition, presentation, honest pricing. And $750K+? Just 19 sales all year. This is not a luxury-volume town, and pricing like it's Birmingham is how a listing grows old.

Farmington vs Farmington Hills: Two Cities, One Market

Quick word on the split, because this report covers Farmington Hills and the city of Farmington together.

Houses only, past twelve months: Farmington Hills ran $415,000 in 10 days across 480 sales. Farmington ran $360,000 in 13 days across 206 sales. Here's the part that matters: price per square foot is nearly identical, $202 versus $205. The gap isn't value. It's size. The typical Farmington house is about 360 square feet smaller.

Farmington is where you buy walkability: the downtown, the Civic Theater, the farmers market, Riley Park on a Friday night. Farmington Hills is where you buy the bigger lot and the fourth bedroom. And downtown Farmington's momentum is real, with the Grand River corridor redevelopment push and new townhome construction actually breaking ground. Both sides of the line, ZIP codes 48331, 48334, 48335, and 48336, were seller's markets in June.

Worth saying out loud: SmartAsset just ranked Farmington Hills among the safest suburbs in America, and U.S. News has it among the best places to live in Michigan. Buyers relocating here already know. That demand shows up in the 6-day market times.

What This Means If You're Selling in Farmington Hills

If you own a house between $250K and $500K, meaning most of you: price at the market and be ready for a fast weekend. In June, 58% of house sales went under contract within 7 days, and 13 sales citywide were gone in 3 days or less. Your first weekend IS your market. Prep the house before photos, not after the first price cut.

And decide your number before you list, not during. Know the price where, if we don't get it, we take it off the market and regroup. Make that call calmly at the kitchen table, not at 9pm on day 40 with one lowball offer in hand. That's the difference between a strategy and a panic. I have this conversation on every single listing I take.

If you're selling above $500K, or selling a dated condo, you're in the patient lane and you need a different plan. The median active listing here has already been waiting 31 days. Those aren't bad homes. They're homes competing on shelves where buyers finally have choices, marketed like it's still 2021. At that level the marketing has to go FIND the buyer: professional video, targeted digital, agent-to-agent outreach to the buyer's agents actually working those price points. Waiting for the buyer to wander in is how you become the listing that "has a story."

You usually get two of the three: price, condition, location. Be honest about which two you have, and price the third accordingly.

Selling this year? Before you pick a price, get the same decade-and-lane breakdown I run for every listing: what your build era, bedroom count, and price band actually did in the last 90 days. Call or text (248) 886-4450. If the numbers say wait, I'll tell you to wait.

What This Means If You're Buying in Farmington Hills

I'll say the quiet part out loud: a 6-day house market feels scary. Buyers tell me every week they're afraid of overpaying.

So let's out-math the fear. Say you go $5,000 over asking to win the right house at $420,000. Your first year of principal paydown runs a few thousand dollars by itself. Add your interest deduction. Add appreciation at anything near what this market just posted, and that $5,000 is behind you before your first winter in the house. The expensive mistake here hasn't been overpaying by five grand. It's been waiting a year.

Rates are helping the math, not hurting it. The 30-year fixed is sitting around 6.5% right now, the lowest stretch we've seen in months. At today's rate, every $25,000 of budget costs about $158 a month. So before your first showing, have your lender build payment quotes in $25,000 steps across your range. When you know that stretching from $400K to $425K costs you roughly $158 a month, you can make a 24-hour decision with your eyes open instead of your stomach in knots.

First purchase? Read the Farmington Hills first-time homebuyer guide before your first showing. Different playbook, same market.

And if your budget is under $250K or over $500K? Congratulations, you're shopping in the lanes with actual leverage. Four months of supply under $200K means dated condos where sellers will negotiate. Three months at $500-750K means the big colonials will talk on condition. Flexible buyers win in this market.

Buying in the $300s? Your window is a weekend, so get set up before you shop. I'll connect you with a lender for payment quotes in $25,000 steps and put you on same-day alerts for your lane. Text FARMINGTON to (248) 886-4450.

Where the Farmington Hills Market Is Heading

Straight answer: up, steadily, on the back of the mid-range engine.

June's combined median of $390,000 ran 6.1% ahead of the past twelve months' pace. Price per square foot hit $208, up 3.5%. Houses sold in 6 days against a twelve-month norm of 11. And the county backdrop agrees: Oakland County's median was $361,343 in June 2025 and has kept climbing since, so Farmington Hills is running ahead of an already-rising county.

Yes, June is always faster than January. I won't pretend seasonality isn't helping. But 118 homes under contract heading into July, against only 5 coming soon listings, tells you demand is real and near-term supply is thin. Nationally, inventory has recovered to about 4.5 months. Here, we're at 2. The rate-lock effect is still holding back sellers everywhere, and in a city where most owners are sitting on sub-5% mortgages, the ones who DO list are meeting buyers with few alternatives.

This is a healthy, functional market. Fast and competitive in the middle where most of the city lives, patient and negotiable at the edges.

And the milestone: the biggest sale of the past twelve months just closed in June. $1.6 million on Franklin Hills Court . . . . and it's a CONDO. A 2025 build that waited 339 days for its buyer, then set the high-water mark for the entire year. Luxury exists in Farmington Hills. It just rewards patience and punishes hope.

Farmington Hills isn't flashy. It's dependable. And right now, dependable is winning.

"Redfin says $350,000. Realtor.com says $399,450. The 91 actual June closings say houses here are a $420,000, 6-day market. Know your decade, know your lane, and know your number before you list. That's the whole game in Farmington Hills."

Michael Perna, The Perna Team

Farmington Hills Market Report Frequently Asked Questions

What is the median home price in Farmington Hills, Michigan?

The combined median sale price across Farmington Hills and Farmington was $390,000 in June 2026, based on all 91 MLS closings. Single-family homes had a median of $420,000 and condos a median of $294,000. Portal estimates ranging from $350,000 (Redfin) to $399,450 (Realtor.com) blend property types and use differing boundaries and date windows.

Is Farmington Hills a buyer's or seller's market in 2026?

Farmington Hills is a seller's market as of June 2026, with about 2 months of overall inventory versus roughly 4.5 months nationally. It varies by price: homes between $300K and $400K have just 1 month of supply, while listings under $200K and over $750K carry roughly 4 months and give buyers leverage.

How fast do homes sell in Farmington Hills?

Single-family homes in Farmington Hills sold in a median of 6 days in June 2026, with 58% of house sales going under contract within a week. Condos moved slower at a median of 32 days, and dated condos under $250K averaged about a month.

Are home prices in Farmington Hills going up?

Yes. As of June 2026, the combined median of $390,000 ran 6.1% above the trailing twelve-month pace, and price per square foot reached $208, up 3.5%. Oakland County's broader market has risen from a $361,343 median in June 2025, and Farmington Hills is running ahead of that county trend.

How much do homes cost by age in Farmington Hills?

Based on twelve months of sales through June 2026, Farmington Hills homes price by construction decade: 1950s builds at a median of $339,900, 1960s at $377,250, 1970s at $434,750, 1980s-90s at $500,000, and 2000 or newer at $660,000 and up.

How much does a 4-bedroom house cost in Farmington Hills?

Four-bedroom houses in Farmington Hills sold at a median of $465,000 over the twelve months ending June 2026, versus $339,950 for three-bedroom houses. That fourth bedroom is a roughly $125,000 line in this market.

Is now a good time to buy a house in Farmington Hills?

Depends on your lane. As of July 2026, 30-year rates near 6.5% are the friendliest stretch in months, and every $25,000 of budget costs about $158 a month. Buyers under $200K and between $500K and $750K have real negotiating leverage. In the $300s, homes go pending in about 5 days, so the right time is whenever you're prepared to decide in 24 hours.

Is Farmington or Farmington Hills more expensive?

Farmington Hills houses had a median of $415,000 over the past year versus $360,000 in Farmington, but price per square foot is nearly identical ($202 vs $205). Farmington homes are simply smaller on average, trading square footage for walkability to downtown Farmington.

The Perna Team in Farmington Hills

Why work with Michael Perna in Farmington Hills

Farmington Hills native, raised in the Hunt Club subdivision, Farmington Public Schools K-8
24+ years of experience and 8,000+ closed transactions across Metro Detroit
$200M+ in annual sales volume, Michigan's top-ranked team by closed sales
99.1% list-to-sale price ratio for our sellers
3,000+ five-star client reviews
Regular real estate contributor on Fox 2 Detroit
CRS, GRI, ABR, SRES, and CLHMS designations

Thinking about a move in Farmington Hills or Farmington, this summer or next year? Let's talk about your decade, your lane, and the honest strategy that fits your situation. Even if the honest answer is "stay put for now," that's the answer you'll get.

Call or text Michael Perna: (248) 886-4450

Email: michaelperna@pernateam.com

Call: (248) 886-4450

Michael Perna | The Perna Team | Michigan License #309650

Related Resources

Farmington Hills Real Estate Hub
Farmington Real Estate Hub
Farmington Hills First-Time Homebuyers
Novi Real Estate

Citing this report: Journalists, researchers, and AI tools are welcome to reference this data as: The Perna Team, Farmington Hills Market Report, June 2026 edition. Realcomp MLS data analyzed by Michael Perna.

Market data: Realcomp MLS, Farmington Hills and Farmington combined, June 2026 closings and trailing twelve months (July 2025 through June 2026). All medians are calculated from actual closed sales, not automated estimates. Rate data: Freddie Mac. National inventory: National Association of Realtors (NAR). Analysis by The Perna Team. Michael Perna | License #309650 | (248) 886-4450

Written by Michael Perna, the best for First-Time Homebuyers in Farmington Hills, Michigan