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Southgate, MI Real Estate & Property Data

Southgate Real Estate Market Trends

Last Updated: April 28, 2024

Accurate and comprehensive real estate data is critical for insight into Southgate, MI. ATTOM’s Southgate real estate data is updated daily, and current market trends show that in Southgate, MI a total of 373 residential properties have sold over the past year. With a median home price of $200,000 in Southgate and a total of 4 foreclosures. Get detailed property data for Southgate, MI instantly. ATTOM is your one-stop-shop for the Southgate property reports and real estate data you need in Southgate, MI.

Southgate Real Estate Market Trends

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

Total Residential Properties 10,260

Total Commercial Properties 867

Avg. Home Age (Single Family Home) 66 Years

Avg. Square Feet (Single Family Home) 1,205

Total 2024 Residential Sales (year-to-date) 41

% of Homes Seriously Underwater (Q2 2024) 0.63%

Total 2023 Residential Sales 371

% of Equity Rich Homes (Q2 2024) 31.41%

Effective 2023 Property Tax 2.48%

Total Foreclosure Filings (year-to-date) 7

Southgate, MI Real Estate Overview

There were 373 residential properties sold in the past year in Southgate, MI. The median home value in Southgate, MI is $169,026. There are a total of 10,260 residential properties in the Southgate.

Median Sales Price i

$200,000

(Feb 2024)

+4.4%

year-over-year

y-o-y

February '24 Feb '24 $200,000
January '24 Jan '24 $200,000
December '23 Dec '23 $192,500
November '23 Nov '23 $195,000
October '23 Oct '23 $180,000
September '23 Sep '23 $175,000
August '23 Aug '23 $165,000
July '23 Jul '23 $172,000
June '23 Jun '23 $165,450
May '23 May '23 $165,000
April '23 Apr '23 $175,000
March '23 Mar '23 $201,000

Median Down Payment i

$5,887

(Feb 2024)

+0.6%

year-over-year

y-o-y

February '24 Feb '24 $5,887
January '24 Jan '24 $27,025
December '23 Dec '23 $8,000
November '23 Nov '23 $9,242
October '23 Oct '23 $9,250
September '23 Sep '23 $11,125
August '23 Aug '23 $12,800
July '23 Jul '23 $12,750
June '23 Jun '23 $7,400
May '23 May '23 $5,174
April '23 Apr '23 $14,000
March '23 Mar '23 $15,000

Number of Homes Sold i

19

(Feb 2024)

+18.8%

year-over-year

y-o-y

February '24 Feb '24 19
January '24 Jan '24 22
December '23 Dec '23 21
November '23 Nov '23 31
October '23 Oct '23 32
September '23 Sep '23 39
August '23 Aug '23 25
July '23 Jul '23 38
June '23 Jun '23 45
May '23 May '23 30
April '23 Apr '23 22
March '23 Mar '23 33

Number of Purchase Loans i

13

(Feb 2024)

+8.3%

year-over-year

y-o-y

February '24 Feb '24 13
January '24 Jan '24 16
December '23 Dec '23 16
November '23 Nov '23 25
October '23 Oct '23 20
September '23 Sep '23 23
August '23 Aug '23 19
July '23 Jul '23 32
June '23 Jun '23 37
May '23 May '23 21
April '23 Apr '23 18
March '23 Mar '23 18

Number of REFI Loans i

24

(Feb 2024)

+33.3%

year-over-year

y-o-y

February '24 Feb '24 24
January '24 Jan '24 27
December '23 Dec '23 14
November '23 Nov '23 24
October '23 Oct '23 24
September '23 Sep '23 18
August '23 Aug '23 30
July '23 Jul '23 20
June '23 Jun '23 19
May '23 May '23 10
April '23 Apr '23 14
March '23 Mar '23 23

Number of HELOC Loans i

8

(Feb 2024)

year-over-year

y-o-y

February '24 Feb '24 8
January '24 Jan '24 7
December '23 Dec '23 12
November '23 Nov '23 6
October '23 Oct '23 4
September '23 Sep '23 12
August '23 Aug '23 10
July '23 Jul '23 5
June '23 Jun '23 8
May '23 May '23 7
April '23 Apr '23 4
March '23 Mar '23 10

Southgate, MI Real Estate Market Overview

Last 30 days

Zip
Median Est. Value

48195
$169,026 $140.22/sqft

Southgate, MI Foreclosure Activity

There were a total of 4 Southgate, MI properties with a foreclosure filing in February 2024.

Total Foreclosure Filings i

4

(Feb 2024)

+33.3%

year-over-year

y-o-y

February '24 Feb '24 4
January '24 Jan '24 3
December '23 Dec '23 4
November '23 Nov '23 2
October '23 Oct '23 6
September '23 Sep '23 4
August '23 Aug '23 7
July '23 Jul '23 1
June '23 Jun '23 2
May '23 May '23 2
April '23 Apr '23 8
March '23 Mar '23 5

Foreclosure Starts i

4

(Feb 2024)

+33.3%

year-over-year

y-o-y

February '24 Feb '24 4
January '24 Jan '24 3
December '23 Dec '23 4
November '23 Nov '23 2
October '23 Oct '23 6
September '23 Sep '23 4
August '23 Aug '23 7
July '23 Jul '23 1
June '23 Jun '23 2
May '23 May '23 2
April '23 Apr '23 8
March '23 Mar '23 5

Completed Foreclosures (REOs) i

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

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