The story of this market
The typical home in ZIP 48237 sells for about $230,000, or $174 per square foot.
Prices are down 3.5% from a year ago, which gives buyers more room to negotiate. Homes take about 36 days to sell. HUD's fair market rent for a two-bedroom is $1,396 a month.
ZIP 48237 — Oak Park
The Oak Park housing market is experiencing a cooling phase with median prices declining 3.5% year-over-year. While the market remains competitive with homes selling in 36 days, the increase in inventory and price adjustments suggest a shift toward a more balanced environment for buyers.
Median prices moved down 3.5% year over year.
Homes spend a median of 36 days on market with 8.0 months of supply — a balanced-paced market.
22% of listings have cut prices · homes sell at 101.4% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 10.8% · poverty 12.0% — a mixed stability profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 48237, Oakland County MI
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Data retrieved from US Census Bureau QuickFacts and ZCTA-level aggregations.
- C.J. Barrymore's4.418.6 mi
- Dave & Buster's Livonia412.5 mi
- Dave & Buster's Utica4.114.5 mi
- Round1 Bowling & Arcade - Auburn Hills4.117.7 mi
- Adventure Bay Family Water Park Presented by WFCU Credit Union4.412.1 mi
- Little Caesars Arena4.610.5 mi
- Comerica Park4.710.8 mi
- Ford Field4.610.8 mi
- Huntington Place4.511.5 mi
- Vibe Credit Union Showplace4.316.5 mi
- Ambassador Bridge411.8 mi
- Comerica Park4.710.8 mi
- Henry Ford Museum of American Innovation4.811.2 mi
- Detroit Zoo4.52 mi
- Detroit Institute of Arts4.89.2 mi
- Henry Ford Museum of American Innovation4.811.2 mi
- Detroit Institute of Arts4.89.2 mi
- Greenfield Village4.811.1 mi
- Michigan Central4.810.5 mi
- Motown Museum4.78.2 mi
- Campus Martius Park4.711.2 mi
- Detroit Riverwalk4.811.8 mi
- Dodge Park4.712.6 mi
- Cranbrook House & Gardens4.88.1 mi
- Red Oaks Waterpark4.46.2 mi
- Western Golf & Country Club4.67.6 mi
- Rackham Golf Course3.81.4 mi
- Farmington Hills Golf Club4.212.2 mi
- Maple Lane Golf Club and Driving Range410.3 mi
- Sanctuary Lake Golf Course3.911.9 mi
- Somerset Collection4.66.8 mi
- Oakland Mall4.16.3 mi
- Fairlane Town Center4.110.2 mi
- Meijer43.3 mi
- Detroit Metropolitan Wayne County Airport4.319.2 mi
- Windsor International Airport4.217.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.