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Redford, MI 48240 Real Estate & Property Data

Redford, MI 48240 Real Estate Market Trends

Last Updated: September 06, 2025

A total of 383 residential properties have been sold over the past 12 months in 48240. With a median sales price of $170,000 in 48240 and a total of 3 foreclosures in Redford, MI 48240. Discover market trends and get the granular level real estate data for Redford, MI 48240 to keep your pulse on the housing market. Curate compelling home reports for Redford, MI 48240 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

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Total Residential Properties 7,300

Total Commercial Properties 421

Avg. Home Age (Single Family Home) 74 Years

Avg. Square Feet (Single Family Home) 1,107

Total 2025 Residential Sales (year-to-date) 166

% of Homes Seriously Underwater (Q3 2025) 0.78%

Total 2024 Residential Sales 353

% of Equity Rich Homes (Q3 2025) 34.1%

Effective 2024 Property Tax 1.22%

Total Foreclosure Filings (year-to-date) 24

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Redford, MI 48240 Real Estate Overview

There were 383 residential properties sold in the past year in Redford, MI 48240. The median home value in Redford, MI 48240 is $198,411. There are a total of 7,300 residential properties in the 48240.

Median Sales Price i

$170,000

(Jun 2025)

+4.9%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

June '25 Jun '25 $170,000
May '25 May '25 $177,000
April '25 Apr '25 $165,000
March '25 Mar '25 $140,000
February '25 Feb '25 $173,500
January '25 Jan '25 $165,000
December '24 Dec '24 $155,000
November '24 Nov '24 $151,500
October '24 Oct '24 $159,000
September '24 Sep '24 $176,000
August '24 Aug '24 $150,000
July '24 Jul '24 $176,500

Median Down Payment i

$6,600

(Jun 2025)

-30.5%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

June '25 Jun '25 $6,600
May '25 May '25 $4,348
April '25 Apr '25 $5,025
March '25 Mar '25 $17,000
February '25 Feb '25 $6,673
January '25 Jan '25 $15,750
December '24 Dec '24 $3,550
November '24 Nov '24 $7,128
October '24 Oct '24 $4,639
September '24 Sep '24 $9,950
August '24 Aug '24 $3,804
July '24 Jul '24 $9,113

Number of Homes Sold i

(Jun 2025)

-10.3%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

June '25 Jun '25 26
May '25 May '25 28
April '25 Apr '25 31
March '25 Mar '25 22
February '25 Feb '25 28
January '25 Jan '25 31
December '24 Dec '24 29
November '24 Nov '24 20
October '24 Oct '24 37
September '24 Sep '24 29
August '24 Aug '24 35
July '24 Jul '24 38

Number of Purchase Loans i

(Jun 2025)

-10.5%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

June '25 Jun '25 17
May '25 May '25 21
April '25 Apr '25 27
March '25 Mar '25 16
February '25 Feb '25 22
January '25 Jan '25 25
December '24 Dec '24 20
November '24 Nov '24 19
October '24 Oct '24 30
September '24 Sep '24 24
August '24 Aug '24 24
July '24 Jul '24 31

Number of REFI Loans i

(Jun 2025)

+41.2%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

June '25 Jun '25 24
May '25 May '25 19
April '25 Apr '25 24
March '25 Mar '25 23
February '25 Feb '25 19
January '25 Jan '25 31
December '24 Dec '24 32
November '24 Nov '24 17
October '24 Oct '24 27
September '24 Sep '24 25
August '24 Aug '24 24
July '24 Jul '24 22

Number of HELOC Loans i

(Jun 2025)

+100%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

June '25 Jun '25 8
May '25 May '25 9
April '25 Apr '25 3
March '25 Mar '25 3
February '25 Feb '25 9
January '25 Jan '25 3
December '24 Dec '24 2
November '24 Nov '24 2
October '24 Oct '24 6
September '24 Sep '24 11
August '24 Aug '24 9
July '24 Jul '24 14

Redford, MI 48240 Real Estate Market Overview

Last 30 days

Street
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Redford, MI 48240 Foreclosure Activity

There were a total of 3 Redford, MI 48240 properties with a foreclosure filing in June 2025. Lenders started the foreclosure process on 3 Redford, MI 48240 properties and repossessed 1 Redford, MI 48240 properties through completed foreclosures (REOs) in June 2025.

Total Foreclosure Filings i

(Jun 2025)

+50%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years