Updated May 2026 · Redfin · 3-month window
48240 Real Estate Market Update: Redford, MI, May 2026
The latest housing-market numbers for ZIP code 48240 in Redford, Michigan, for May 2026, from the Redfin Data Center. ZIP-level figures are a rolling three-month window.
| Metric | Value | MoM | YoY |
|---|---|---|---|
| Median sale price | $168K | ▲ +1.5% | ▲ +6.0% |
| Days on market | 39 | ▼ -4.9% | ▲ +77.3% |
| Homes for sale | 39 | ▼ -4.9% | ▲ +21.9% |
| Sale-to-list | 99.7% | ▲ +0.9% | ▲ +1.0% |
| Homes sold | 52 | ▲ +10.6% | ▼ -13.3% |
Figures from the Redfin Data Center ZIP-code tracker (rolling 3-month window, not seasonally adjusted). Verify against your MLS before posting. Not a valuation for a specific home.
What the 48240 numbers say
Prices in Redford's 48240 ZIP are still climbing. The median sale price reached $167,500, up 6.0% year over year. Pace is steady: a typical listing goes under contract in about 39 days, with sellers getting 99.7% of list price.
Based on 52 recent sales, 48240 is currently an active market.
What this means if you sell in 48240
Use these figures to set expectations early. Lead a listing appointment with the median price and the 39-day pace, show the year-over-year direction, and frame 48240 as an active market. Buyers and sellers trust an agent who knows their exact ZIP, not just the metro average.
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Build the Redford post →Frequently asked: the 48240 housing market
- What is the median home price in ZIP 48240 (Redford, MI)?
- As of May 2026, the median sale price in ZIP 48240 is $167,500 (+6.0% year over year), per the Redfin Data Center. Figures are a rolling 3-month window for this ZIP code.
- Is ZIP 48240 a buyer's or seller's market right now?
- ZIP 48240 is currently an active market, based on a 99.7% sale-to-list ratio, about 39 days on market for May 2026.
- How long do homes take to sell in ZIP 48240?
- A typical listing in 48240 goes under contract in about 39 days as of May 2026. Always verify against your local MLS before quoting figures to clients.
- Where does this 48240 market data come from?
- All figures come from the Redfin Data Center ZIP-code market tracker, a rolling 3-month window refreshed monthly. LOKAL turns them into a ready-to-post carousel, story and square graphic. LOKAL is not affiliated with Redfin.
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Data: Redfin · Redfin Data Center (ZIP-code market tracker). Figures are a ZIP-level 3-month snapshot, not a valuation for a specific home.