48309 — Oakland County, Michigan Market Snapshot
Housing market data for zip code 48309 in Oakland County, Michigan. Updated monthly with median prices, days on market, and more.
Market Sales Data
28 sales in 2026 (year to date)
Median Sale Price
$279,500
Days to Sell
20
Homes Sold
28
Inventory
25
Sale-to-List
99.2%
New Listings
45
Price/SqFt
$183
Pending Sales
29
Conforming Loan Available
Most homebuyers in 48309 can comfortably use conventional financing. The median home price of $279,500 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
Homes in 48309 are moving quickly at 20 days on market, indicating healthy buyer demand. Well-priced homes are likely seeing multiple offers.
Sale-to-List Ratio
Homes are selling very close to asking price in 48309 (99.2% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 48309 can comfortably use conventional financing. The median home price of $279,500 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 48309 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 48309
To purchase the median home at $279,500 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,291.
Monthly Payment
$2,291
Income Required
$98,205
Principal & Interest
$1,722/mo
Down Payment (5%)
$13,975
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 48309.
Estimated Monthly Payment
$1,880
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