Lathrup Village, MI 48076 Real Estate Market Report
ZIP Code: 48076
Report Date: May 2026
Market Temperature: COLD
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.
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.
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.
Rental Market
Property Taxes
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.
Market Trends & Context
Understanding Market Temperature
A Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels relative to sales.
Key Findings
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The primary indicator of market value is 259,000 as the median sold price, which reflects recent transaction activity and suggests that finalized sale values are below asking expectations; price pressure appears to be present given the market context.
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The market shows prolonged sell-side friction with 261 median days on market, signaling slower sales velocity and reduced liquidity that may require sellers to adjust pricing or concessions; cold market temperature aligns with this slowdown.
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There is a clear listing-to-sale gap where the 325,000 median listing price exceeds the median sold price, indicating seller expectations are higher than recent transaction levels and may require downward adjustment to accelerate closings.
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Rental dynamics remain comparatively strong with 1,722 median market rent and an upward rent year-over-year trend; rent growth may support investor interest despite elevated interest rate pressure, which is noted as elevated.
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.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold at market average
Sold at market average
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold below market average
Sold at market average
Lathrup Village, MI 48076 Real Estate Market Report
ZIP Code: 48076
Report Date: May 2026
Market Temperature: COLD
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.
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.
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.
Rental Market
Property Taxes
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.
Market Trends & Context
Understanding Market Temperature
A Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels relative to sales.
Key Findings
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146,450 is the primary indicator of current market value—recent transactions show the neighborhood price direction is down, consistent with a colder market temperature that suggests a shift toward buyer-favorable conditions.
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262 median days on market signals materially slower sales velocity and suggests increased time-to-contract; combined with the sample's characterization of relatively constrained active supply, this appears to create pricing friction for sellers.
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124 median price per square foot provides a current market benchmark for comparative valuation and should be used for comp-driven pricing and underwriting decisions in this neighborhood.
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1,599 median market rent is above county/state averages in local context and rent trend is up, while interest rate pressure is elevated—this combination may support rental demand but will constrain owner-occupant affordability and underwriting capacity.
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.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold above market average
Sold at market average
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold at market average
Sold below market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.5% rate, 1.5% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 5/1/2026
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