Waterford, MI 48327 Real Estate Market Report

ZIP Code: 48327
Report Date: May 2026
Market Temperature: NEUTRAL
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

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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 Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Waterford, MI are approximately 6.37%, which is 0.5% higher than the 5.87% average observed during February 2026.

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

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Key Findings

1. The median sold price is 255,000, which should be treated as the primary indicator of current market value and recent transaction activity, and it anchors pricing guidance for comparable SFR and condo listings.

2. Despite that median sold price, the market shows a cooling signal with down price year-over-year trend and prolonged selling timelines (median days on market at 288), which suggests slower sales velocity and increased pricing friction against seller expectations.

3. Liquidity appears muted: the market displays a relatively constrained active supply in the analyzed sample alongside neutral market conditions, which may indicate a more balanced negotiation environment rather than a clear seller advantage.

4. Rising financing pressure is a material headwind—interest rate pressure is elevated and current 30-year fixed mortgage rates are 6.37% (about 0.5% higher than a recent February 2026 average), and rent dynamics are weakening with down rent year-over-year trend and median market rent at 1,500, which together may reduce investor yield appetite and slow demand further.

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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.

Waterford, MI 48327 Real Estate Market Report

ZIP Code: 48327
Report Date: May 2026
Market Temperature: NEUTRAL
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

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Waterford, MI are approximately 6.37%, which is 0.5% higher than the 5.87% average observed during February 2026.

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

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Key Findings

1. The neighborhood’s primary transaction indicator, the median sold price is 239,000, which anchors local pricing expectations and suggests recent transactions are clustering around that level rather than listing aspirations.

2. Liquidity is slow: the median days on market is 377, which points to materially slower sales velocity and downward pressure on transactional pace despite a neutral overall market temperature.

3. Pricing context shows a median price per square foot of 173 alongside a median market rent of 1,500; given the down price year-over-year trend and down rent year-over-year trend, this appears consistent with softening demand and increased pricing friction.

4. Market balance is mixed: the market temperature is reported as neutral, while interest rate pressure is elevated (current 30-year fixed ~6.37%), which may constrain buyer purchasing power and prolong time-to-contract even as supply exhibits relatively constrained active availability in the analyzed sample.

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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.