48363 — Oakland County, Michigan Market Snapshot
Housing market data for zip code 48363 in Oakland County, Michigan. Updated monthly with median prices, days on market, and more.
Market Sales Data
15 sales in 2026 (year to date)
Median Sale Price
$993,308
Days to Sell
19
Homes Sold
15
Inventory
22
Sale-to-List
100.0%
New Listings
29
Price/SqFt
$260
Pending Sales
22
Jumbo Loan Likely Needed
The median home in 48363 at $993,308 exceeds the 2026 conforming loan limit of $832,750 by $160,558. 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
Homes in 48363 are moving quickly at 19 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 48363 (100.0% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
The median home in 48363 at $993,308 exceeds the 2026 conforming loan limit of $832,750 by $160,558. 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 48363 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 48363
To purchase the median home at $993,308 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $7,760.
Monthly Payment
$7,760
Income Required
$332,589
Principal & Interest
$6,120/mo
Down Payment (5%)
$49,665
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 48363.
Estimated Monthly Payment
$6,297
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