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Redford, MI Real Estate & Property Data

Redford Real Estate Market Trends

Last Updated: April 28, 2024

Accurate and comprehensive real estate data is critical for insight into Redford, MI. ATTOM’s Redford real estate data is updated daily, and current market trends show that in Redford, MI a total of 1,027 residential properties have sold over the past year. With a median home price of $170,750 in Redford and a total of 5 foreclosures. Get detailed property data for Redford, MI instantly. ATTOM is your one-stop-shop for the Redford property reports and real estate data you need in Redford, MI.

Redford Real Estate Market Trends

Get property data for any address in Redford, MI or the country:

Total Residential Properties 22,192

Total Commercial Properties 1,098

Avg. Home Age (Single Family Home) 72 Years

Avg. Square Feet (Single Family Home) 1,155

Total 2024 Residential Sales (year-to-date) 153

% of Homes Seriously Underwater (Q2 2024) 0.98%

Total 2023 Residential Sales 962

% of Equity Rich Homes (Q2 2024) 27.82%

Effective 2023 Property Tax 1.18%

Total Foreclosure Filings (year-to-date) 18

Redford, MI Real Estate Overview

There were 1,027 residential properties sold in the past year in Redford, MI. The median home value in Redford, MI is $159,248. There are a total of 22,192 residential properties in the Redford.

Median Sales Price i

$170,750

(Feb 2024)

+23.9%

year-over-year

y-o-y

February '24 Feb '24 $170,750
January '24 Jan '24 $160,250
December '23 Dec '23 $175,000
November '23 Nov '23 $160,950
October '23 Oct '23 $170,000
September '23 Sep '23 $157,500
August '23 Aug '23 $167,000
July '23 Jul '23 $165,000
June '23 Jun '23 $172,900
May '23 May '23 $155,000
April '23 Apr '23 $149,000
March '23 Mar '23 $155,000

Median Down Payment i

$5,271

(Feb 2024)

-15.7%

year-over-year

y-o-y

February '24 Feb '24 $5,271
January '24 Jan '24 $5,272
December '23 Dec '23 $5,460
November '23 Nov '23 $5,431
October '23 Oct '23 $5,840
September '23 Sep '23 $6,700
August '23 Aug '23 $5,715
July '23 Jul '23 $5,550
June '23 Jun '23 $6,150
May '23 May '23 $5,430
April '23 Apr '23 $7,250
March '23 Mar '23 $4,740

Number of Homes Sold i

69

(Feb 2024)

+23.2%

year-over-year

y-o-y

February '24 Feb '24 69
January '24 Jan '24 84
December '23 Dec '23 44
November '23 Nov '23 79
October '23 Oct '23 83
September '23 Sep '23 101
August '23 Aug '23 105
July '23 Jul '23 78
June '23 Jun '23 94
May '23 May '23 74
April '23 Apr '23 70
March '23 Mar '23 90

Number of Purchase Loans i

50

(Feb 2024)

+2%

year-over-year

y-o-y

February '24 Feb '24 50
January '24 Jan '24 58
December '23 Dec '23 30
November '23 Nov '23 55
October '23 Oct '23 57
September '23 Sep '23 61
August '23 Aug '23 81
July '23 Jul '23 45
June '23 Jun '23 72
May '23 May '23 61
April '23 Apr '23 53
March '23 Mar '23 59

Number of REFI Loans i

72

(Feb 2024)

+26.3%

year-over-year

y-o-y

February '24 Feb '24 72
January '24 Jan '24 69
December '23 Dec '23 49
November '23 Nov '23 76
October '23 Oct '23 70
September '23 Sep '23 80
August '23 Aug '23 103
July '23 Jul '23 74
June '23 Jun '23 73
May '23 May '23 68
April '23 Apr '23 58
March '23 Mar '23 67

Number of HELOC Loans i

7

(Feb 2024)

-46.2%

year-over-year

y-o-y

February '24 Feb '24 7
January '24 Jan '24 10
December '23 Dec '23 10
November '23 Nov '23 20
October '23 Oct '23 13
September '23 Sep '23 16
August '23 Aug '23 16
July '23 Jul '23 9
June '23 Jun '23 16
May '23 May '23 16
April '23 Apr '23 12
March '23 Mar '23 17

Redford, MI Real Estate Market Overview

Last 30 days

Zip
Median Est. Value
Zip
Median Est. Value

48239
$159,248 $137.9/sqft
48240
$147,460 $133.73/sqft

Redford, MI Foreclosure Activity

There were a total of 5 Redford, MI properties with a foreclosure filing in February 2024.

Total Foreclosure Filings i

5

(Feb 2024)

-37.5%

year-over-year

y-o-y

February '24 Feb '24 5
January '24 Jan '24 13
December '23 Dec '23 7
November '23 Nov '23 7
October '23 Oct '23 15
September '23 Sep '23 10
August '23 Aug '23 15
July '23 Jul '23 12
June '23 Jun '23 9
May '23 May '23 8
April '23 Apr '23 14
March '23 Mar '23 17

Foreclosure Starts i

5

(Feb 2024)

-37.5%

year-over-year

y-o-y

February '24 Feb '24 5
January '24 Jan '24 13
December '23 Dec '23 7
November '23 Nov '23 7
October '23 Oct '23 15
September '23 Sep '23 10
August '23 Aug '23 15
July '23 Jul '23 12
June '23 Jun '23 9
May '23 May '23 8
April '23 Apr '23 14
March '23 Mar '23 17

Completed Foreclosures (REOs) i

February '24 Feb '24 N/A
January '24 Jan '24 1
December '23 Dec '23 1
November '23 Nov '23 1
October '23 Oct '23 N/A
September '23 Sep '23 1
August '23 Aug '23 1
July '23 Jul '23 1
June '23 Jun '23 2
May '23 May '23 2
April '23 Apr '23 2
March '23 Mar '23 5

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