48304 — Oakland County, Michigan Market Snapshot
Housing market data for zip code 48304 in Oakland County, Michigan. Updated monthly with median prices, days on market, and more.
Market Sales Data
31 sales in 2026 (year to date)
Median Sale Price
$835,000
Days to Sell
12
Homes Sold
31
Inventory
40
Sale-to-List
100.5%
New Listings
70
Price/SqFt
$273
Pending Sales
47
Jumbo Loan Likely Needed
The median home in 48304 at $835,000 exceeds the 2026 conforming loan limit of $832,750 by $2,250. Most buyers here will need jumbo loans, which typically require higher credit scores, larger down payments, and come with different rate pricing.
Market Insights
Market Temperature
48304 is an extremely competitive market with homes selling in just 12 days on average. Buyers need pre-approval letters ready before making offers.
Sale-to-List Ratio
Homes are selling very close to asking price in 48304 (100.5% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
The median home in 48304 at $835,000 exceeds the 2026 conforming loan limit of $832,750 by $2,250. Most buyers here will need jumbo loans, which typically require higher credit scores, larger down payments, and come with different rate pricing.
Loan limits in 48304 are set at the county level.
2026 Loan Limits — Oakland County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 48304
To purchase the median home at $835,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $6,548.
Monthly Payment
$6,548
Income Required
$280,607
Principal & Interest
$5,145/mo
Down Payment (5%)
$41,750
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 48304.
Estimated Monthly Payment
$5,318
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