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Redford, MI 48240 Real Estate & Property Data

Redford, MI 48240 Real Estate Market Trends

Last Updated: April 29, 2024

A total of 404 residential properties have been sold over the past 12 months in 48240. With a median sales price of $172,450 in 48240 and a total of 2 foreclosures in Redford, MI 48240. Discover market trends and get the granular level real estate data for Redford, MI 48240 to keep your pulse on the housing market. Curate compelling home reports for Redford, MI 48240 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Redford, MI 48240 Real Estate Market Trends

Get property data for any address in Redford, MI 48240 or the country:

Total Residential Properties 7,289

Total Commercial Properties 421

Avg. Home Age (Single Family Home) 73 Years

Avg. Square Feet (Single Family Home) 1,103

Total 2024 Residential Sales (year-to-date) 54

% of Homes Seriously Underwater (Q2 2024) 0.91%

Total 2023 Residential Sales 380

% of Equity Rich Homes (Q2 2024) 25.82%

Effective 2023 Property Tax 1.13%

Total Foreclosure Filings (year-to-date) 5

Redford, MI 48240 Real Estate Overview

There were 404 residential properties sold in the past year in Redford, MI 48240. The median home value in Redford, MI 48240 is $147,460. There are a total of 7,289 residential properties in the 48240.

Median Sales Price i

$172,450

(Feb 2024)

+23.2%

year-over-year

y-o-y

February '24 Feb '24 $172,450
January '24 Jan '24 $140,000
December '23 Dec '23 $121,250
November '23 Nov '23 $155,000
October '23 Oct '23 $162,000
September '23 Sep '23 $146,750
August '23 Aug '23 $152,500
July '23 Jul '23 $162,500
June '23 Jun '23 $145,000
May '23 May '23 $148,000
April '23 Apr '23 $138,500
March '23 Mar '23 $150,000

Median Down Payment i

$9,100

(Feb 2024)

+116.7%

year-over-year

y-o-y

February '24 Feb '24 $9,100
January '24 Jan '24 $3,821
December '23 Dec '23 $4,125
November '23 Nov '23 $5,100
October '23 Oct '23 $6,250
September '23 Sep '23 $8,750
August '23 Aug '23 $5,400
July '23 Jul '23 $5,400
June '23 Jun '23 $4,725
May '23 May '23 $4,365
April '23 Apr '23 $6,562
March '23 Mar '23 $4,220

Number of Homes Sold i

26

(Feb 2024)

+30%

year-over-year

y-o-y

February '24 Feb '24 26
January '24 Jan '24 28
December '23 Dec '23 12
November '23 Nov '23 38
October '23 Oct '23 37
September '23 Sep '23 42
August '23 Aug '23 39
July '23 Jul '23 35
June '23 Jun '23 30
May '23 May '23 28
April '23 Apr '23 34
March '23 Mar '23 35

Number of Purchase Loans i

22

(Feb 2024)

+22.2%

year-over-year

y-o-y

February '24 Feb '24 22
January '24 Jan '24 17
December '23 Dec '23 9
November '23 Nov '23 26
October '23 Oct '23 23
September '23 Sep '23 27
August '23 Aug '23 32
July '23 Jul '23 13
June '23 Jun '23 22
May '23 May '23 24
April '23 Apr '23 22
March '23 Mar '23 24

Number of REFI Loans i

20

(Feb 2024)

+25%

year-over-year

y-o-y

February '24 Feb '24 20
January '24 Jan '24 23
December '23 Dec '23 11
November '23 Nov '23 24
October '23 Oct '23 26
September '23 Sep '23 29
August '23 Aug '23 36
July '23 Jul '23 27
June '23 Jun '23 21
May '23 May '23 26
April '23 Apr '23 17
March '23 Mar '23 17

Number of HELOC Loans i

2

(Feb 2024)

-50%

year-over-year

y-o-y

February '24 Feb '24 2
January '24 Jan '24 1
December '23 Dec '23 2
November '23 Nov '23 10
October '23 Oct '23 4
September '23 Sep '23 3
August '23 Aug '23 5
July '23 Jul '23 4
June '23 Jun '23 5
May '23 May '23 5
April '23 Apr '23 6
March '23 Mar '23 3

Redford, MI 48240 Real Estate Market Overview

Last 30 days

Street
Street
Street

Redford, MI 48240 Foreclosure Activity

There were a total of 2 Redford, MI 48240 properties with a foreclosure filing in February 2024.

Total Foreclosure Filings i

2

(Feb 2024)

-33.3%

year-over-year

y-o-y

February '24 Feb '24 2
January '24 Jan '24 3
December '23 Dec '23 N/A
November '23 Nov '23 1
October '23 Oct '23 7
September '23 Sep '23 1
August '23 Aug '23 5
July '23 Jul '23 6
June '23 Jun '23 1
May '23 May '23 2
April '23 Apr '23 3
March '23 Mar '23 7

Foreclosure Starts i

2

(Feb 2024)

-33.3%

year-over-year

y-o-y

February '24 Feb '24 2
January '24 Jan '24 3
December '23 Dec '23 N/A
November '23 Nov '23 1
October '23 Oct '23 7
September '23 Sep '23 1
August '23 Aug '23 5
July '23 Jul '23 6
June '23 Jun '23 1
May '23 May '23 2
April '23 Apr '23 3
March '23 Mar '23 7

Completed Foreclosures (REOs) i

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

Nearby Zip Codes

1. 48239

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