What the Pros Know

1,270,426

Population

0% YoY

2023

39.7

Median Age

3.2% YoY

2022

$92,620

Median Household Income

7.4% YoY

2022

690,809

Labor Force

0.8% MoM

0.9% YoY

8/2024

668,006

Employed

0.6% MoM

0.9% YoY

8/2024

3.3%

Unemployment Rate

29.8% MoM

2.9% YoY

8/2024

$395,000

Median Sale Price

0.6% MoM

4.6% YoY

8/2024

1,178

Homes Sold

5.1% MoM

11.5% YoY

8/2024

1.5

Months Inventory

4.7% MoM

2.2% YoY

8/2024

17

Days on Market

3 MoM

2 YoY

8/2024

1,809

Listings

3.2% MoM

5.3% YoY

8/2024

100.4%

Sale Price to List Price

0.5% MoM

0.5% YoY

8/2024

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Cities included in Oakland County: South Lyon, Troy, Farmington Hills, Southfield, Rochester Hills, Novi, Pontiac, Royal Oak, Oak Park, Madison Heights, Auburn Hills, Birmingham, Ferndale, Wixom, Berkley, Hazel Park, Rochester, Clawson, Farmington, Beverly Hills, Walled Lake, Milford, Huntington Woods, Holly, Wolverine Lake, Bloomfield Hills, Lathrup Village, Oxford, Lake Orion, Franklin, Keego Harbor, Pleasant Ridge, Sylvan Lake, Bingham Farms, Ortonville, Leonard, Lake Angelus


 1.  Population Data from U.S. Census Bureau.
 2.  Employment Data from Bureau of Labor and Statistics
 3.  Sales Data provided by Redfin, a national real estate brokerage.

MoM = Month over Month. The percentage change from the previous month to the current month.
YoY = Year over Year. The percentage change from the same period the previous year to the current period.

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