Oakland County Luxury Real Estate Market Report — Bloomfield Hills, Novi & Farmington Hills Spring 2026

TL;DR: Realcomp reported a $354,500 Oakland County median sale price in March 2026. For a luxury home in Bloomfield Hills, Novi or Farmington Hills, use recent closed sales in the same market and price tier to estimate value.

What the spring data covers

Realcomp recorded 966 Oakland County closed sales in March 2026, down 1.3% year over year. Its county median sale price rose 4.3% to $354,500. These are countywide figures across price tiers. Realcomp March 2026 county statistics.

Realcomp’s broader MLS report for April 2026 recorded a $286,950 median sale price and 2.5 months of inventory for residential and condo listings. The April figures cover a wider geography than the March county figures. Realcomp April 2026 MLS report.

Bloomfield Hills

Confirm the municipality first, especially when a listing uses a Bloomfield Hills mailing address. Compare recent sales with similar acreage, condition, renovation and features. If you are considering waterfront property, check the access, frontage and restrictions for that specific parcel.

Novi

Begin with sales in the same subdivision or a comparable nearby area. Separate new construction from resales when incentives, lot premiums or upgrade packages affect the comparison. Track current competing listings separately from closed sales.

Farmington Hills

Compare homes with similar floor area, condition, lot and location. An extensively renovated home and a similar home needing major work can attract different offers. Review closed sales for pricing and active listings for current competition.

How to build a luxury comparison

Define the geography, price tier, property type and date range before calculating a median or time on market. Ask how many sales support the estimate. With few sales, one unusual property can shift the median. Review individual comparable sales and explain where the homes differ.

Key takeaways

• Use the March county median as historical context.
• Confirm the address and select comparable closed sales in the relevant price tier.
• Review today’s competing listings before setting a list price.

After 24 years of guiding buyers and sellers across Oakland County, I focus on local comparable sales, pricing and marketing strategy. — Tom Gilliam

Frequently asked questions

What was Oakland County’s median sale price in March 2026?

Realcomp reported a March 2026 Oakland County median sale price of $354,500, up 4.3% from March 2025. The county figure covers the broader market.

What did Realcomp report for April 2026?

For its broader MLS area, Realcomp reported a $286,950 median sale price and 2.5 months of inventory for residential and condo listings in April 2026.

Can the county median price a luxury home?

Use it for market context. To estimate a particular home’s value, compare recent closed sales in the same area and price tier and account for meaningful property differences.

What should I compare in Bloomfield Hills?

Confirm the municipality and compare similar closed sales with attention to lot size, condition, renovation and features such as waterfront access where applicable.

How should I compare luxury homes in Novi?

Start with the subdivision or a nearby comparable area and compare property type, build year, lot and upgrades. Review recent sales and competing listings separately.

What matters when pricing a Farmington Hills luxury home?

Start with sales that match the property’s location, size, condition and features. Review current listings to see what buyers can choose from today.

Recommended reading

• Farmington Hills spring 2026 home market
• Oakland County real estate negotiation strategies

About Tom Gilliam

Tom Gilliam | RE/MAX Classic | 29630 Orchard Lake Rd, Farmington Hills, MI 48334. ABR | SRES | SFR | RE/MAX Hall of Fame | Top 1% Oakland County | 24 Years Experience | 700+ successful transactions.