Waterford, MI 48327 Real Estate Market Report

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

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

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 median sold price is 228,000, which should be treated as the primary indicator of recent market value; the gap versus the median listing price of 335,000 suggests pricing friction between seller expectations and achieved transaction levels.
2. The median days on market is 327, indicating slower sales velocity and suggesting that sellers may need to allow more time or greater flexibility on terms before contracts are ratified; given the market temperature is neutral, this appears as a normalization rather than a sharp shift in balance.
3. The median price per square foot is 201 while the median market rent is 1,600 and rent year-over-year trend is up, signaling strengthening rental demand that may support buy-to-rent strategies or investor interest in supported cash-flow dynamics.
4. Interest rate pressure is reported as moderate and current 30-year fixed mortgage rates are averaging approximately 6.69%, while the market temperature is neutral; this combination suggests cautious buyer behavior and the need for price or term concessions to close deals in the near term.

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.