The story of this market
The typical home in ZIP 48324 sells for about $399,000, or $215 per square foot.
Prices are down 20.2% from a year ago, which gives buyers more room to negotiate. Homes take about 8 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,571 a month.
ZIP 48324 — West Bloomfield
The 48324 housing market shows a divergence between high-end luxury sales and broader market price corrections. While median prices have seen a year-over-year decline, the area remains a high-demand enclave due to its lakefront amenities and strong school districts. Current conditions are driven by a limited supply of premium inventory and a cautious buyer base adjusting to interest rate environments.
This ZIP is ideal for affluent families and professionals seeking lakefront living, high-quality schools, and a quiet suburban environment within reach of major employment centers.
Median prices moved down 20.2% year over year.
Homes spend a median of 8 days on market with 3.2 months of supply — a fast-moving market.
18% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.5% · poverty 5.1% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 48324, Oakland County MI
Crime rates in the area remain low compared to regional averages, with a stable trend reported in recent years.
The area is served by highly-rated public school districts, consistently recognized for strong academic performance and college readiness.
The region faces standard Midwestern climate risks, including seasonal wind and storm events, with flood risk primarily concentrated near local lakefront properties.
Economic momentum is driven by proximity to major corporate hubs in Oakland County, with steady demand for high-end residential development.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Michigan) — Disabled Veterans Homestead Exemption: Provides an exemption from property taxes levied for school operating purposes and potentially other local taxes depending on eligibility. State (Michigan) — General Property Tax Act: Property is assessed at 50% of true cash value (State Equalized Value). Taxable value is capped at the lesser of the state equalized value or the previous year's taxable value adjusted by the consumer price index (up to 5%), unless a transfer of ownership occurs.
Residents primarily commute by car, with convenient access to major highway corridors connecting to the Detroit metropolitan employment core.
The area features extensive access to Orchard Lake and surrounding water bodies, offering numerous parks, trails, and private golf clubs within a 3-mile radius.
The rental market is characterized by low vacancy rates and high demand for single-family homes, with limited multi-family inventory available.
The local economy is supported by a mix of professional services, healthcare, and proximity to the automotive industry headquarters in Oakland County.
Transportation is heavily reliant on private vehicle use, with major arterial roads providing access to the broader Detroit metro area.
Development is strictly managed by local zoning to preserve the residential character and lakefront environment.
The Oakland County Equalization Division oversees property assessments, ensuring compliance with state tax laws.
Parcels are subject to local school district taxes and county-wide millages for public services.
Property insurance premiums are influenced by proximity to water and the age of housing stock, with standard coverage widely available.
Data retrieved from Census Reporter and US Census Bureau ZCTA profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Dave & Buster's Livonia412.3 mi
- Round1 Bowling & Arcade - Auburn Hills4.18.1 mi
- Dave & Buster's Utica4.119.3 mi
- Urban Air Trampoline and Adventure Park4.219.4 mi
- Red Oaks Waterpark4.416.1 mi
- Pine Knob Music Theatre4.69.7 mi
- Topgolf4.28.4 mi
- Vibe Credit Union Showplace4.39.9 mi
- Michigan Renaissance Festival4.418.8 mi
- SEA LIFE Michigan Aquarium4.38.3 mi
- SEA LIFE Michigan Aquarium4.38.3 mi
- Emagine Novi4.59.3 mi
- Dave & Buster's Livonia412.3 mi
- AMC Livonia 203.812.4 mi
- Round1 Bowling & Arcade - Auburn Hills4.18.1 mi
- Cranbrook House & Gardens4.87.8 mi
- Sri Venkateswara Temple & Cultural Center4.810.1 mi
- Cranbrook Institute of Science4.77.5 mi
- Meadow Brook Hall4.810.6 mi
- River Bends Park4.717.3 mi
- Glenlore Trails4.54.7 mi
- Cranbrook House & Gardens4.87.8 mi
- Innovation Hills4.710.8 mi
- Heritage Park4.78.8 mi
- Firefighters Park4.610.6 mi
- Topgolf4.28.4 mi
- Shepherd's Hollow Golf Club4.39.4 mi
- Novi Putting Edge4.29.1 mi
- Lyon Oaks County Park and Golf Course4.310.9 mi
- On The Dunes Sports4.24.4 mi
- Great Lakes Crossing Outlets4.58.2 mi
- Somerset Collection4.610.9 mi
- Twelve Oaks Mall4.48.8 mi
- Meijer4.211.5 mi
- One World Market - Novi4.79.6 mi
- Detroit Metropolitan Wayne County Airport4.327.1 mi
- Bishop International Airport4.530.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A large, prominent lake serving as the central recreational anchor for the community.
A private, historic golf and social club located within the ZIP.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).