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

703,019

Labor Force

1.3% MoM

1% YoY

7/2025

671,225

Employed

0.5% MoM

1.1% YoY

7/2025

4.5%

Unemployment Rate

21.6% MoM

4.3% YoY

7/2025

$410,000

Median Sale Price

0.1% MoM

3.8% YoY

8/2025

1,293

Homes Sold

7.2% MoM

5.3% YoY

8/2025

1.7

Months Inventory

4.7% MoM

12.6% YoY

8/2025

20

Days on Market

3 MoM

3 YoY

8/2025

2,236

Listings

7.5% MoM

9.2% YoY

8/2025

209

Price per Sq Ft

3% MoM

1.1% YoY

8/2025

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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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