Birmingham, MI 48009 Real Estate Market Report

ZIP Code: 48009
Report Date: May 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

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Key Findings

1. The $799,000 median sold price is the primary indicator of recent market value and, given the market is labeled hot with prices up, supports a narrative of continued appreciation even as seller expectations appear elevated.

2. The 261 median days on market suggests slower sales velocity than a rapid-turnover market; sellers and pricing strategies should account for extended marketing timelines, which may indicate pricing friction rather than immediate liquidity.

3. The $377 median price per square foot provides a clear valuation benchmark for underwriting and comparative pricing; combined with elevated inventory relative to sales activity, this suggests buyers have room to compare options and that aggressive listing strategies may be required to achieve asking prices.

4. The $2,750 median market rent and a flat rent year-over-year trend, alongside moderate interest rate pressure, indicate limited near-term upside from rental growth and a financing environment that may temper investor yield expectations — prioritize properties with clear value-add potential or strong cash flow protections.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.

Birmingham, MI 48009 Real Estate Market Report

ZIP Code: 48009
Report Date: May 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

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Key Findings

1. median sold price: $283,450 is the primary indicator of recent market value and shows realized transaction levels in Birmingham ZIP 48009; this figure should be treated as the most reliable signal of market pricing rather than asking prices.

2. median listing price: $685,000 sits well above recent sale values and may indicate a pricing mismatch or elevated seller expectations relative to closed transactions — this gap appears to create pricing friction and may slow negotiated deals.

3. median days on market: 264 suggests slower sales velocity than typically expected in a hot market; while the broader marketTemperature is hot, extended time to close indicates liquidity is uneven and transactions may require more marketing or pricing adjustments to convert.

4. median price per square foot: $272 and median market rent: $2,300 combined with a rent year-over-year trend of flat suggest price levels are strong relative to rental growth, and interest rate pressure is moderate, which may sustain buyer demand but keep some buyers cautious.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.