48360 — Oakland County, Michigan Market Snapshot
Housing market data for zip code 48360 in Oakland County, Michigan. Updated monthly with median prices, days on market, and more.
Market Sales Data
12 sales in 2026 (year to date)
Median Sale Price
$319,950
Days to Sell
20
Homes Sold
12
Inventory
14
Sale-to-List
100.3%
New Listings
14
Price/SqFt
$176
Pending Sales
14
Conforming Loan Available
Most homebuyers in 48360 can comfortably use conventional financing. The median home price of $319,950 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 48360 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 48360 (100.3% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 48360 can comfortably use conventional financing. The median home price of $319,950 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 48360 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 48360
To purchase the median home at $319,950 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,601.
Monthly Payment
$2,601
Income Required
$111,487
Principal & Interest
$1,971/mo
Down Payment (5%)
$15,998
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 48360.
Estimated Monthly Payment
$2,130
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