Rochester Hills, MI 48306 Real Estate Market Report

ZIP Code: 48306
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.

---

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

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.

---

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 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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Rochester Hills, MI, average approximately 6.5%, reflecting a stable market environment for property owners in this area.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

---

Key Findings

1. median sold price: $649,900 is the most reliable indicator of realized market value in May 2026 and suggests recent transactions are anchoring pricing well below asking levels, which may indicate pricing friction between seller expectations and closed deals.

2. median listing price: $1,000,000 relative to the median sold price highlights a meaningful gap that appears to pressure negotiations and may extend time-to-close; paired with median days on market: 283, this suggests slower sales velocity even as prices trend upward.

3. market temperature: hot and price year-over-year trend: up together signal persistent demand that supports higher price levels, meaning sellers can remain selective but should account for the observed listing-to-sale gap when pricing to transact quickly.

4. median price per square foot: $216 and median market rent: $2,800 provide context for valuation and income comparables in underwriting and pricing decisions, while interest rate pressure: moderate (with 30-year fixed rates around 6.5% locally) advises caution on buyer affordability and financing-dependent offers.

---

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.

Rochester Hills, MI 48306 Real Estate Market Report

ZIP Code: 48306
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.

---

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 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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Rochester Hills, MI, average approximately 6.5%, reflecting a stable market environment for property owners in this area.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

---

Key Findings

1. The neighborhood's primary market value indicator is the median sold price: $324,900, which reflects recent transaction levels and should be treated as the leading signal for pricing decisions in listings and offers (hot market backdrop).

2. The median listing price is $481,450, a materially higher asking level compared with realized sales that suggests seller expectations are above transaction prices and may create pricing friction between buyers and sellers.

3. Observed liquidity signals are mixed: the median days on market is 284, which points to slower sales velocity even though the market temperature is reported as hot and interest rate pressure is moderate (current average 30‑year fixed ~ 6.5%), suggesting that extended time-to-contract may reflect pricing gaps rather than weak demand.

4. Valuation context: the median price per square foot is $226 while the median market rent is $1,900, and rent year-over-year trend is up, indicating sustained demand for rental accommodation even as for-sale pricing shows a spread between asking and achieved sale prices.

---

Notable Properties

The following 7 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.