Southfield's Housing Market Soars: November Sees 8.7% Price Increase & Top 5 Luxury Homes Sold

Southfield Housing Market Trends in November

In November 2023, Southfield home prices were up 8.7% compared to last year, selling for a median price of $217,500. On average, homes in Southfield sell after 16 days on the market compared to 24 days last year. There were 52 homes sold in November this year, down from 57 last year.

Southfield Migration & Relocation Trends

In Sep '23 - Nov '23, 27% of Southfield homebuyers searched to move out of Southfield, while 73% looked to stay within the metropolitan area.

Photo by Redfin

Where are people moving to Southfield from?

• Across the nation, 0.81% of homebuyers searched to move into Southfield from outside metros.
• Los Angeles homebuyers searched to move into Southfield more than any other metro followed by San Francisco and New York.

Where are people from Southfield moving to?

• 73% of Southfield homebuyers searched to stay within the Southfield metropolitan area.
• Grand Rapids was the most popular destination among Southfield homebuyers followed by Washington and Boston.

Top 5 Most Expensive Homes Sold in Southfield in the Last Month

1. 30559 Marshall St, Southfield, MI, 48076

Photo by Redfin

• Sold on DEC 11, 2023 for $375,000
• 3 Beds, 3 Baths, 1750 Sq Ft
• Description: Updated three-bedroom colonial in Southfield with Birmingham Schools, open floor plan, large kitchen, and a new Trex deck. Features a large primary suite. More details here.

2. 19290 Eldridge Ln, Southfield, MI, 48076

Photo by Redfin

• Sold on DEC 6, 2023 for $355,000
• 4 Beds, 2 Baths, 2409 Sq Ft
• Description: Well-maintained colonial in Greentree's North, Southfield with original features, oversized lot, and private backyard. Lived in for over 30 years. More details here.

3. 18251 Onyx St, Southfield, MI, 48075

Photo by Redfin

• Sold on DEC 20, 2023 for $354,000
• 4 Beds, 2 Baths, 2670 Sq Ft
• Description: Charming 4-bedroom brick colonial in Southfield with numerous updates including a newer furnace and hot water tank. Features a 1st-floor laundry room. More details here.

4. 20300 Roseland St, Southfield, MI, 48076

Photo by Redfin

• Sold on DEC 8, 2023 for $350,000
• 4 Beds, 2 Baths, 1835 Sq Ft
• Description: Renovated home in Southfield with a new kitchen, modern bathrooms, new roof, and new vinyl siding. Freshly painted interior. More details here.

5. 23650 Twining Dr, Southfield, MI, 48075

Photo by Redfin

• Sold on DEC 4, 2023 for $335,000
• 3 Beds, 3 Baths, 1727 Sq Ft
• Description: Custom brick ranch in Southfield with 3 bedrooms, 3 baths, new fixtures, windows, and HWT. Features a natural fireplace, den/office, and 2-car garage. More details here.

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