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Birmingham Market Report

$1,309,538

AVERAGE PRICE OF 124 HOMES

$265,000

AVERAGE PRICE OF 1 DISTRESSED HOMES

$2,021,706

AVERAGE PRICE OF 65 MULTI-MILLION DOLLAR HOMES

$2,025,222

AVERAGE PRICE OF 36 NEWLY BUILT HOMES

$2,947,000

AVERAGE PRICE OF 2 HOMES WITH A POOL

$1,336,000

AVERAGE PRICE OF 3 REDUCED PRICE HOMES

Average Home

Average Price $1,309,538
Avg Bedrooms 3.52 beds
Avg Bathrooms 3.07 baths

Average Price by Bedrooms

1 bedroom $931,633
2 bedrooms $761,578
3 bedrooms $802,020
4 bedrooms $1,487,167
5 bedrooms $2,296,334
Birmingham Home Price Trends
  12/2022 11/2022 10/2022 9/2022 8/2022
Total Listings 118 125 140 155 167
Average Price $1,270,019 $1,222,359 $1,179,614 $1,189,349 $1,192,614
Avg Price Change +3.90% +3.62% -0.83% -0.27% +2.17%
Median Price $1,139,520 $1,045,067 $982,883 $895,216 $874,610
Med Price Change +9.04% +6.33% +9.79% +2.36% +3.81%
Avg Bedrooms 3.49 beds 3.47 beds 3.43 beds 3.38 beds 3.41 beds
Avg Bathrooms 3.03 baths 3 baths 2.95 baths 2.86 baths 2.87 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 124 $1,309,538 124 days
Distressed Homes 1 $265,000 7 days
Multi-Million Dollar Homes 65 $2,021,706 180 days
Newly Built Homes 36 $2,025,222 174 days
Homes with a Pool 2 $2,947,000 86 days
Reduced Price Homes 3 $1,336,000 73 days
Arterra Luxe Collection LLC
148 Pierce Street
Birmingham, MI
248-733-5893

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