48323 — Oakland County, Michigan Market Snapshot
Housing market data for zip code 48323 in Oakland County, Michigan. Updated monthly with median prices, days on market, and more.
Market Sales Data
33 sales in 2026 (year to date)
Median Sale Price
$640,000
Days to Sell
12
Homes Sold
33
Inventory
43
Sale-to-List
98.8%
New Listings
74
Price/SqFt
$219
Pending Sales
41
Conforming Loan Available
Most homebuyers in 48323 can comfortably use conventional financing. The median home price of $640,000 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
48323 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 48323 (98.8% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 48323 can comfortably use conventional financing. The median home price of $640,000 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 48323 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 48323
To purchase the median home at $640,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $5,053.
Monthly Payment
$5,053
Income Required
$216,578
Principal & Interest
$3,943/mo
Down Payment (5%)
$32,000
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 48323.
Estimated Monthly Payment
$4,111
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