Redford, MI 48240 Real Estate & Property Data

Redford, MI 48240 Real Estate Market Trends
Last Updated: April 22, 2025

A total of 384 residential properties have been sold over the past 12 months in 48240. With a median sales price of $173,500 in 48240 and a total of 6 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.

Redford, MI 48240 Real Estate Market Trends
Total Residential Properties 7,293
Total Commercial Properties 420
Avg. Home Age (Single Family Home) 74 Years
Avg. Square Feet (Single Family Home) 1,106
Total 2025 Residential Sales (year-to-date) 59
% of Homes Seriously Underwater (Q2 2025) 1.07%
Total 2024 Residential Sales 353
% of Equity Rich Homes (Q2 2025) 27.35%
Effective 2024 Property Tax 1.53%
Total Foreclosure Filings (year-to-date) 9
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Redford, MI 48240 Real Estate Overview

There were 384 residential properties sold in the past year in Redford, MI 48240. The median home value in Redford, MI 48240 is $159,091. There are a total of 7,293 residential properties in the 48240.

Median Sales Price i
$173,500
(Feb 2025)
+4.8%
year-over-year
y-o-y
  • 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
  • June '24 Jun '24 $162,050
  • May '24 May '24 $172,500
  • April '24 Apr '24 $160,000
  • March '24 Mar '24 $154,500
Median Down Payment i
$6,521
(Feb 2025)
-28.3%
year-over-year
y-o-y
  • February '25 Feb '25 $6,521
  • 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
  • June '24 Jun '24 $9,500
  • May '24 May '24 $5,355
  • April '24 Apr '24 $5,391
  • March '24 Mar '24 $9,858
Number of Homes Sold i
28
(Feb 2025)
+7.7%
year-over-year
y-o-y
  • 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
  • June '24 Jun '24 29
  • May '24 May '24 28
  • April '24 Apr '24 33
  • March '24 Mar '24 21
Number of Purchase Loans i
22
(Feb 2025)
-4.3%
year-over-year
y-o-y
  • 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 25
  • August '24 Aug '24 24
  • July '24 Jul '24 32
  • June '24 Jun '24 19
  • May '24 May '24 21
  • April '24 Apr '24 19
  • March '24 Mar '24 16
Number of REFI Loans i
20
(Feb 2025)
+11.1%
year-over-year
y-o-y
  • February '25 Feb '25 20
  • 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
  • June '24 Jun '24 17
  • May '24 May '24 16
  • April '24 Apr '24 20
  • March '24 Mar '24 18
Number of HELOC Loans i
9
(Feb 2025)
+350%
year-over-year
y-o-y
  • 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
  • June '24 Jun '24 4
  • May '24 May '24 2
  • April '24 Apr '24 7
  • March '24 Mar '24 1

Redford, MI 48240 Foreclosure Activity

There were a total of 6 Redford, MI 48240 properties with a foreclosure filing in February 2025.

Total Foreclosure Filings i
6
(Feb 2025)
+200%
year-over-year
y-o-y
  • February '25 Feb '25 6
  • January '25 Jan '25 3
  • December '24 Dec '24 4
  • November '24 Nov '24 6
  • October '24 Oct '24 4
  • September '24 Sep '24 1
  • August '24 Aug '24 2
  • July '24 Jul '24 8
  • June '24 Jun '24 2
  • May '24 May '24 4
  • April '24 Apr '24 1
  • March '24 Mar '24 3
Foreclosure Starts i
6
(Feb 2025)
+200%
year-over-year
y-o-y
  • February '25 Feb '25 6
  • January '25 Jan '25 3
  • December '24 Dec '24 4
  • November '24 Nov '24 6
  • October '24 Oct '24 4
  • September '24 Sep '24 1
  • August '24 Aug '24 2
  • July '24 Jul '24 8
  • June '24 Jun '24 2
  • May '24 May '24 4
  • April '24 Apr '24 1
  • March '24 Mar '24 3
Completed Foreclosures (REOs) i
  • February '25 Feb '25 N/A
  • January '25 Jan '25 N/A
  • December '24 Dec '24 1
  • November '24 Nov '24 N/A
  • October '24 Oct '24 N/A
  • September '24 Sep '24 N/A
  • August '24 Aug '24 N/A
  • July '24 Jul '24 N/A
  • June '24 Jun '24 N/A
  • May '24 May '24 N/A
  • April '24 Apr '24 N/A
  • March '24 Mar '24 N/A
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