Oakland County, Michigan : Housing Market Trends Are Changing

Oakland County, Michigan : Housing Market Trends Are Changing

The housing market has taken a lot of people by storm recently. Homeowners, Realtors, home buyers, and mortgage brokers in Oakland County can probably attest to that. Residential real estate sales in cites such as Farmington Hills, Novi, Northville, and West Bloomfield have been booming. Home prices have been on the rise as has sales transactions.

Looking at the high number of homes for sale in Oakland County, MI, there may be some indicators that a homes for sale in oakland county market may be on the horizon. If you are a home seller or buyer who has been trying to time the market, there are some housing sales trends that will be of interest to you. However, like all trends, even the experts find it challenging to determine the exact timing of upswings and downturns.

What are Some of the Indicators of a Cooling Housing Market?

In a red hot real estate market, home prices tend to go sky high, and the number days that homes for sale in Oakland County, Michigan remain on the market is impressively low. Houses sell fast at their asking price and frequently above the listed price.

Never underestimate the wisdom of the rule of supply and demand. When the supply of homes for sale in Oakland County, MI exceed the demand, this is a signal that something is changing. This may or may not mean that there are many homes just listed on the market. What you could be witnessing is that homes are on the market for longer than they used to be, and the demand is not keeping up with the supply.

There appears to be some subtle undertones in the Oakland County, Michigan housing market according to some people who are watching it closely. When one piece of the puzzle waivers even slightly, it could be the beginning of a domino effect that is about to happen. If their home is not selling as quickly as expected, a homeowner reacts by lowering their asking price. If this happens enough, other sellers are forced to lower their price to be competitive in the Oakland County, Michigan housing market.

This has a negative impact on home sellers who, of course, want to get top dollar for their real estate. It does, however, open up an opportunity for the buyers. A first-time buyer may now find themselves able to purchase a home in a market that was previously price prohibitive for them as long as they can qualify for a mortgage.

The Economic Unknowns in 2021

There are many economic unknowns at this time, and more seem to come into play all the time. While many people are talking about Washington DC’s inclination to raise interest rates, it’s a bit of a mystery so far. A rise in the prime interest rate will be reflected in the rate at which a consumer can obtain a home mortgage. Uncertainty slows down many sectors, and the residential real estate market is no exception. Potential buyers in the Oakland County, Michigan housing market may be forced to take a “wait and see” attitude before they buy a house.

Many people are concerned about the uncertainty of the stock market and what this could mean to their personal erage American home buyers in Oakland County, Michigan have IRAs and 401ks they need to protect, and that will negatively impacted whether they believe they are ready to buy a new home.

Another economic uncertainty is also likely to bring on a cooling housing market in Oakland County and across the country for that matter. There is an ongoing threat that higher taxes will be imposed on businesses, corporations, and individual taxpayers. If this new tax policy was to get passed, the impact would affect people in every income level. Businesses have historically reacted to higher tax rates by laying employees off and decreasing hiring. Fear of losing their job is another reason why people put off buying a house and taking on any new financial obligations.

Another current issue that could cause a cooling housing market in Oakland County, Michigan is the rising rate of inflation that people are already feeling in 2021. People are paying more for practically everything, and their money is not going as far as it used to just a year ago. This, combined with the other aforementioned new developments, is not going unnoticed by consumers in Michigan. When consumers get “hit in the pocketbook” or wallet, they understandably change their buying habits. With so much negative economic news, however, it doesn’t necessarily mean that the real estate market in Oakland County will come to a standstill. Even if home sales slow down, home sellers should remember that it has been in quite a boom.

A boom in real estate is a trend that comes and goes from time to time. People will always want or need to move for one reason or another. Homes that are priced right will continue to sell, and buyers will continue to buy them. The days of bidding wars may be fewer and further between, but it’s always exciting when it happens! Now that school is open again after summer vacation, the families of Oakland County are hopefully all settled in their lovely new homes. Farmington Hills, Novi, Northville, West Bloomfield, and all of the other wonderful communities in Oakland County are great places to live, work, raise a family, or just live life to the fullest as an empty nester.

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Oakland County MI Homes for Sale 800,000 on Up

novi-mi-homes-for-sale

OAKLAND COUNTY MI HOMES FOR SALE 800,000 ON UP

Explore Oakland County MI Homes for Sale 800,000 on Up! What appeals to homebuyers about Oakland County, Michigan is the sheer volume of available jobs, entertainment, housing, and great neighborhoods. Situated northwest of Detroit, Oakland County is the wealthiest county in Metro Detroit. Home to approximately 1.251 million people, Oakland County is the second-most populated county in Michigan. Buyers will find a wide range of Oakland County MI homes for sale 800,000 on up to choose from in the county’s 62 cities, townships, and villages. Whether you’re in the market for low-maintenance condos/townhomes, single-family homes, lakefront homes, or gorgeous luxury estates, you're certain to find the home of your dreams in Oakland County. 

There are several communities in the county with vibrant, historic downtowns such as Milford, Ferndale, Birmingham, Farmington, Royal Oak, and Rochester. These Main street downtowns and heritage corridors feature a variety of boutiques, retail stores, galleries, art exhibitions, farmer's markets, sidewalk cafes, international cuisine, fine dining, and much more. The most affluent cities are located primarily in the center of the county such as Birmingham, Beverly Hills, Bloomfield Hills, Bloomfield Township, Franklin, and West Bloomfield. These upscale communities include many exclusive luxury homes priced from one million on up. 

Tom Gilliam is a top producing Oakland County MI REALTOR® with over 20 years of experience assisting home buyers. Tom’s knowledge and professionalism and his expertise in the local market will give you the assurance you need for making the best home purchase decision. To learn more about Oakland County MI real estate, feel free to call Tom directly at (248) 790-5594 or you can get in touch with him here!

Search the MLS below where you’ll find the most accurate and up-to-date listings for Oakland County MI homes for sale 800,000 on up. Also, be sure to scroll down below to learn more about real estate in Oakland County MI and living in one of the wealthiest counties in metro Detroit:

Browse Oakland County MI homes for sale 800,000 on up

New Listing - 3 weeks online
$10,550,000
Single Family Home For Sale
Active
6
BEDS
10
TOTAL BATHS
15,123
SQFT
2756 Turtle Bluff Drive
Bloomfield Twp, MI 48302
Turtle Lake Condo Subdivision
$9,950,000
Single Family Home For Sale
Active
7
BEDS
15
TOTAL BATHS
12,143
SQFT
3499 Franklin Road
Bloomfield Twp, MI 48302
Suprvr'S Plat of North Devon Acres Subdivision
$6,999,000
Single Family Home For Sale
Active
5
BEDS
8
TOTAL BATHS
11,974
SQFT
780 Vaughan Road
Bloomfield Hills, MI 48304
Oak Knob Farms Subdivision
$6,199,000
Single Family Home For Sale
Active
5
BEDS
7
TOTAL BATHS
10,012
SQFT
220 Lake Park Drive
Birmingham, MI 48009
Quarton Lake Estates Sub Subdivision
$5,999,000
Single Family Home For Sale
Active
6
BEDS
8
TOTAL BATHS
8,741
SQFT
860 Vaughan Road
Bloomfield Hills, MI 48304
Oak Knob Farms Subdivision
$5,950,000
Land For Sale
Active
6.29
ACRES
OAKLAND
COUNTY
Tbd Turtle Lake Drive
Bloomfield Twp, MI 48302
Turtle Lake Condo Subdivision
$5,699,000
Single Family Home For Sale
Active
6
BEDS
8
TOTAL BATHS
10,578
SQFT
7420 Inner Circle Drive
Bloomfield Twp, MI 48301
 
$5,200,000
Single Family Home For Sale
Active
4
BEDS
8
TOTAL BATHS
8,152
SQFT
5393 Barrington Drive
Oakland Twp, MI 48306
Orchard Ridge Occpn 1031 Subdivision

Current Market Trends

The Oakland County market is hot right now. Oakland County MI home values have gone up 2.5% over the past year and real estate industry experts predict they will rise another 1.8% within the next year. The median price of Oakland County MI homes for sale 800,000 on up currently listed is $312,250.  

Why Homebuyers Should Consider Living in Oakland County, Michigan

Oakland County is among the ten highest-income counties in the U.S. The county's "Automation Alley" is one of the largest employment centers for engineering and related occupations in the country. General Motors, Ford, and Chrysler automotive companies are major employers within southeast Michigan and have a significant presence in Oakland County.

In addition, Oakland County is the proud home of Oakland University,  a large public research university in Auburn Hills and Rochester Hills. The county has a multitude of great shopping options including three super-regional shopping malls: the upscale Somerset Collection mall, the Twelve Oaks Mall, and Auburn Hills Great Lake Crossing Outlets.   

Oakland County Lakes and Lakefront homes

Known for having hundreds of lakes, Oakland County is home to large lakes, small lakes, private lakes, lakes with public access, lakes with state parks on them, lakes that only allow electric motors on them, and lakes that allow speed boats and jet skis on them. You’ll also find a wide range of Oakland County MI lakefront homes for sale from cozy lakefront cottages to spacious luxury waterfront homes. 

Residents of Oakland County have many options for enjoying the outdoors including several state parks, state recreation areas, and regional and city parks to choose from. Many of the communities in the county provide hiking trails, skate parks, sports courts, and multi-use sports fields. During the winter months, you can have fun at the ski and snowboard resorts in the Oakland County, such as Alpine Valley in White Lake Township, Mt. Holly in Groveland Township, and Pine Knob in Clarkston. 

Popular Oakland County Communities:

  • Bloomfield Hills is one of the most affluent communities in Oakland County and the perfect choice for buyers who desire a high-end lifestyle. Located only 20 miles from downtown Detroit, Bloomfield Hills has numerous gated communities, larger homes, and top-rated schools. More than half the homes in Bloomington Hills are over $1 million. 
  • Auburn Hills is a prosperous community with abundant employment opportunities. Buyers will find a wide range of Oakland County MI homes for sale 800,000 on up within upscale neighborhoods to historic homes to family-friendly neighborhoods near great schools. Auburn Hills is home to the Palace Arena (NBA's Detroit Pistons) and attracts couples, families, and retirees alike.  
  • Birmingham has many prestigious neighborhoods, gated communities, and top-rated schools. The popular downtown area is brimming with cafes, bistros, boutiques, shops, and more. The community boasts an average family income of over $100,000 per year and you’ll find many luxurious homes.
  • Royal Oak - is popular among young professionals, with plenty of nightlife, entertainment, employment opportunity, and close proximity to Detroit. There's also plenty of opportunities to buy your first home or condo overlooking the Royal Oak downtown area.  
  • Franklin is an affluent suburban community in Oakland County filled with gorgeous luxury estates on large acreage. Franklin has a charming downtown area featuring high-end shops and restaurants. It's a great community for homebuyers who are seeking a luxurious lifestyle along with plenty of privacy.

The nearest major airport serving Oakland County MI real estate is Detroit Metropolitan Wayne County Airport with international and domestic flights from Detroit, located about 37 miles from the center of Oakland County. Windsor International Airport, which has domestic flights from Windsor, Canada and is about 37 miles from Oakland County. Bishop International Airport, with domestic flights from Flint, Michigan is located about 48 miles from the county.

Partner with Top Oakland County REALTOR® - Tom Gilliam

Whether you’re interested in Oakland County MI homes for sale 800,000 on up, or its time to list your current property, Tom Gilliam provides the kind of knowledge, dedication, and personalized service you need and deserve. As a member of the National Association of REALTORS®, Tom adheres to a strict ‘Code of Ethics and Standards of Practice.’ He possesses a strong work ethic and will do whatever is necessary to facilitate a smooth and successful transaction. Tom will take the time to listen to your needs and concerns and will always have your best interests in mind.

Partner with Tom and you’ll have an Oakland County real estate expert by your side who will protect your interests, advocate for you, and skillfully handle the details of your home purchase or sale for the best possible outcome. To find out more about buying or selling Oakland County MI real estate, please call Tom directly at (248) 790-5594 or send him an email today!   

Tom Gilliam

REALTOR®

RE/MAX Classic

29630 Orchard Lake Rd.

Farmington Hills 48334

Call: 248-790-5594

Office: 248-737-6800

Email: [email protected]

License #301741

STAY INFORMED OF MARKET CHANGES

SIGN UP FOR OUR NEWSLETTER

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Oakland County MI Homes for Sale 600,000-800,000

novi-mi-homes-for-sale

OAKLAND COUNTY MI HOMES FOR SALE 600,000-800,000

Explore Oakland County MI Homes for Sale 600,000-800,000! What appeals to homebuyers about Oakland County, Michigan is the sheer volume of available jobs, entertainment, housing, and great neighborhoods. Situated northwest of Detroit, Oakland County is the wealthiest county in Metro Detroit. Home to approximately 1.251 million people, Oakland County is the second-most populated county in Michigan. Buyers will find a wide range of Oakland County MI homes for sale 600,000-800,000 to choose from in the county’s 62 cities, townships, and villages. Whether you’re in the market for low-maintenance condos/townhomes, single-family homes, lakefront homes, or gorgeous luxury estates, you're certain to find the home of your dreams in Oakland County. 

There are several communities in the county with vibrant, historic downtowns such as Milford, Ferndale, Birmingham, Farmington, Royal Oak, and Rochester. These Main street downtowns and heritage corridors feature a variety of boutiques, retail stores, galleries, art exhibitions, farmer's markets, sidewalk cafes, international cuisine, fine dining, and much more. The most affluent cities are located primarily in the center of the county such as Birmingham, Beverly Hills, Bloomfield Hills, Bloomfield Township, Franklin, and West Bloomfield. These upscale communities include many exclusive luxury homes priced from one million on up. 

Tom Gilliam is a top producing Oakland County MI REALTOR® with over 20 years of experience assisting home buyers. Tom’s knowledge and professionalism and his expertise in the local market will give you the assurance you need for making the best home purchase decision. To learn more about Oakland County MI real estate, feel free to call Tom directly at (248) 790-5594 or you can get in touch with him here!

Search the MLS below where you’ll find the most accurate and up-to-date listings for Oakland County MI homes for sale 600,000-800,000. Also, be sure to scroll down below to learn more about real estate in Oakland County MI and living in one of the wealthiest counties in metro Detroit:

Browse Oakland County MI homes for sale 600,000-800,000

$800,000
Single Family Home For Sale
Active
4
BEDS
5
TOTAL BATHS
3,188
SQFT
24707 Ravine Drive
Lyon Twp, MI 48178
Walnut Creek Estates @ Woodwind Condo Occpn 1798 Subdivision
$800,000
Single Family Home For Sale
Active
4
BEDS
3
TOTAL BATHS
2,060
SQFT
48080 8 Mile Road
Novi, MI 48167
 
$800,000
Single Family Home For Sale
Active
4
BEDS
3
TOTAL BATHS
3,160
SQFT
10396 Andersonville Road
Springfield Twp, MI 48350
 
New Listing - 2 weeks online
$799,999
Single Family Home For Sale
Active
4
BEDS
5
TOTAL BATHS
3,299
SQFT
312 Hupp Cross Road
Bloomfield Twp, MI 48301
Judson Bradway Bloomfield Village Subdivision
$799,969
Single Family Home For Sale
Active
4
BEDS
3
TOTAL BATHS
2,760
SQFT
1863 Union Lake Road
Commerce Twp, MI 48382
Peninsular Park Sub - Commerce Subdivision
Price Change - 3 weeks ago
$799,900
Single Family Home For Sale
Active
4
BEDS
4
TOTAL BATHS
3,122
SQFT
787 Palermo
Troy, MI 48084
The Villas of Troy Occpn 2013 Subdivision
$799,900
Single Family Home For Sale
Active
4
BEDS
4
TOTAL BATHS
2,373
SQFT
5150 Haven Road
Addison Twp, MI 48367
 
$799,900
Single Family Home For Sale
Active
4
BEDS
4
TOTAL BATHS
3,000
SQFT
1403 N Blair Avenue
Royal Oak, MI 48067
Southlawn Park Sub Subdivision

Current Market Trends

The Oakland County market is hot right now. Oakland County MI home values have gone up 2.5% over the past year and real estate industry experts predict they will rise another 1.8% within the next year. The median price of Oakland County MI homes for sale 600,000-800,000 currently listed is $312,250.  

Why Homebuyers Should Consider Living in Oakland County, Michigan

Oakland County is among the ten highest-income counties in the U.S. The county's "Automation Alley" is one of the largest employment centers for engineering and related occupations in the country. General Motors, Ford, and Chrysler automotive companies are major employers within southeast Michigan and have a significant presence in Oakland County.

In addition, Oakland County is the proud home of Oakland University,  a large public research university in Auburn Hills and Rochester Hills. The county has a multitude of great shopping options including three super-regional shopping malls: the upscale Somerset Collection mall, the Twelve Oaks Mall, and Auburn Hills Great Lake Crossing Outlets.   

Oakland County Lakes and Lakefront homes

Known for having hundreds of lakes, Oakland County is home to large lakes, small lakes, private lakes, lakes with public access, lakes with state parks on them, lakes that only allow electric motors on them, and lakes that allow speed boats and jet skis on them. You’ll also find a wide range of Oakland County MI lakefront homes for sale from cozy lakefront cottages to spacious luxury waterfront homes. 

Residents of Oakland County have many options for enjoying the outdoors including several state parks, state recreation areas, and regional and city parks to choose from. Many of the communities in the county provide hiking trails, skate parks, sports courts, and multi-use sports fields. During the winter months, you can have fun at the ski and snowboard resorts in the Oakland County, such as Alpine Valley in White Lake Township, Mt. Holly in Groveland Township, and Pine Knob in Clarkston. 

Popular Oakland County Communities:

  • Bloomfield Hills is one of the most affluent communities in Oakland County and the perfect choice for buyers who desire a high-end lifestyle. Located only 20 miles from downtown Detroit, Bloomfield Hills has numerous gated communities, larger homes, and top-rated schools. More than half the homes in Bloomington Hills are over $1 million. 
  • Auburn Hills is a prosperous community with abundant employment opportunities. Buyers will find a wide range of Oakland County MI homes for sale 600,000-800,000 within upscale neighborhoods to historic homes to family-friendly neighborhoods near great schools. Auburn Hills is home to the Palace Arena (NBA's Detroit Pistons) and attracts couples, families, and retirees alike.  
  • Birmingham has many prestigious neighborhoods, gated communities, and top-rated schools. The popular downtown area is brimming with cafes, bistros, boutiques, shops, and more. The community boasts an average family income of over $100,000 per year and you’ll find many luxurious homes.
  • Royal Oak - is popular among young professionals, with plenty of nightlife, entertainment, employment opportunity, and close proximity to Detroit. There's also plenty of opportunities to buy your first home or condo overlooking the Royal Oak downtown area.  
  • Franklin is an affluent suburban community in Oakland County filled with gorgeous luxury estates on large acreage. Franklin has a charming downtown area featuring high-end shops and restaurants. It's a great community for homebuyers who are seeking a luxurious lifestyle along with plenty of privacy.

The nearest major airport serving Oakland County MI real estate is Detroit Metropolitan Wayne County Airport with international and domestic flights from Detroit, located about 37 miles from the center of Oakland County. Windsor International Airport, which has domestic flights from Windsor, Canada and is about 37 miles from Oakland County. Bishop International Airport, with domestic flights from Flint, Michigan is located about 48 miles from the county.

Partner with Top Oakland County REALTOR® - Tom Gilliam

Whether you’re interested in Oakland County MI homes for sale 600,000-800,000, or its time to list your current property, Tom Gilliam provides the kind of knowledge, dedication, and personalized service you need and deserve. As a member of the National Association of REALTORS®, Tom adheres to a strict ‘Code of Ethics and Standards of Practice.’ He possesses a strong work ethic and will do whatever is necessary to facilitate a smooth and successful transaction. Tom will take the time to listen to your needs and concerns and will always have your best interests in mind.

Partner with Tom and you’ll have an Oakland County real estate expert by your side who will protect your interests, advocate for you, and skillfully handle the details of your home purchase or sale for the best possible outcome. To find out more about buying or selling Oakland County MI real estate, please call Tom directly at (248) 790-5594 or send him an email today!   

Tom Gilliam

REALTOR®

RE/MAX Classic

29630 Orchard Lake Rd.

Farmington Hills 48334

Call: 248-790-5594

Office: 248-737-6800

Email: [email protected]

License #301741

STAY INFORMED OF MARKET CHANGES

SIGN UP FOR OUR NEWSLETTER

QUICK SEARCH

Price
Beds
Baths
For Sale / All Types

Oakland County MI Homes for Sale 400,000-600,000

novi-mi-homes-for-sale

OAKLAND COUNTY MI HOMES FOR SALE 400,000-600,000

Explore Oakland County MI Homes for Sale 400,000-600,000! What appeals to homebuyers about Oakland County, Michigan is the sheer volume of available jobs, entertainment, housing, and great neighborhoods. Situated northwest of Detroit, Oakland County is the wealthiest county in Metro Detroit. Home to approximately 1.251 million people, Oakland County is the second-most populated county in Michigan. Buyers will find a wide range of Oakland County MI homes for sale 400,000-600,000 to choose from in the county’s 62 cities, townships, and villages. Whether you’re in the market for low-maintenance condos/townhomes, single-family homes, lakefront homes, or gorgeous luxury estates, you're certain to find the home of your dreams in Oakland County. 

There are several communities in the county with vibrant, historic downtowns such as Milford, Ferndale, Birmingham, Farmington, Royal Oak, and Rochester. These Main street downtowns and heritage corridors feature a variety of boutiques, retail stores, galleries, art exhibitions, farmer's markets, sidewalk cafes, international cuisine, fine dining, and much more. The most affluent cities are located primarily in the center of the county such as Birmingham, Beverly Hills, Bloomfield Hills, Bloomfield Township, Franklin, and West Bloomfield. These upscale communities include many exclusive luxury homes priced from one million on up. 

Tom Gilliam is a top producing Oakland County MI REALTOR® with over 20 years of experience assisting home buyers. Tom’s knowledge and professionalism and his expertise in the local market will give you the assurance you need for making the best home purchase decision. To learn more about Oakland County MI real estate, feel free to call Tom directly at (248) 790-5594 or you can get in touch with him here!

Search the MLS below where you’ll find the most accurate and up-to-date listings for Oakland County MI homes for sale 400,000-600,000. Also, be sure to scroll down below to learn more about real estate in Oakland County MI and living in one of the wealthiest counties in metro Detroit:

Browse Oakland County MI homes for sale 400,000-600,000

$600,000
Single Family Home For Sale
Active
4
BEDS
3
TOTAL BATHS
2,552
SQFT
6522 Cambridge Circle
Independence Twp, MI 48346
Cambridge Commons Condo Occpn 1977 Subdivision
New Listing - 4 weeks online
$600,000
Multi-Family For Sale
Active
4
TOTAL BATHS
2,588
SQFT
333 Woodward Avenue
Rochester, MI 48307
Albertson Add Subdivision
Price Change - 4 weeks ago
$600,000
Land For Sale
Active
1,500
SQFT
2860 Crooks
Rochester Hills, MI 48309
Avondale Farms Subdivision
$600,000
Single Family Home For Sale
Active
4
BEDS
3
TOTAL BATHS
2,552
SQFT
4120 Inverrary Court
Commerce Twp, MI 48382
Wildwood Commons Occpn 2070 Subdivision
$600,000
Land For Sale
Active
2.75
ACRES
OAKLAND
COUNTY
363 W Commerce Road
Commerce Twp, MI 48382
 
New Listing - 6 days online
$600,000
Single Family Home For Sale
Active
3
BEDS
3
TOTAL BATHS
2,543
SQFT
1609 N Altadena Avenue
Royal Oak, MI 48067
Golf Homes Sub Subdivision
New Listing - yesterday
$600,000
Single Family Home For Sale
Active
4
BEDS
5
TOTAL BATHS
3,275
SQFT
1259 Tulberry Circle
Rochester, MI 48306
Stony Creek Ridge North No 1 Subdivision
$600,000
Single Family Home For Sale
Active
4
BEDS
3
TOTAL BATHS
2,552
SQFT
6531 Cambridge Circle
Independence Twp, MI 48346
Cambridge Commons Condo Occpn 1977 Subdivision

Current Market Trends

The Oakland County market is hot right now. Oakland County MI home values have gone up 2.5% over the past year and real estate industry experts predict they will rise another 1.8% within the next year. The median price of Oakland County MI homes for sale 400,000-600,000 currently listed is $312,250.  

Why Homebuyers Should Consider Living in Oakland County, Michigan

Oakland County is among the ten highest-income counties in the U.S. The county's "Automation Alley" is one of the largest employment centers for engineering and related occupations in the country. General Motors, Ford, and Chrysler automotive companies are major employers within southeast Michigan and have a significant presence in Oakland County.

In addition, Oakland County is the proud home of Oakland University,  a large public research university in Auburn Hills and Rochester Hills. The county has a multitude of great shopping options including three super-regional shopping malls: the upscale Somerset Collection mall, the Twelve Oaks Mall, and Auburn Hills Great Lake Crossing Outlets.   

Oakland County Lakes and Lakefront homes

Known for having hundreds of lakes, Oakland County is home to large lakes, small lakes, private lakes, lakes with public access, lakes with state parks on them, lakes that only allow electric motors on them, and lakes that allow speed boats and jet skis on them. You’ll also find a wide range of Oakland County MI lakefront homes for sale from cozy lakefront cottages to spacious luxury waterfront homes. 

Residents of Oakland County have many options for enjoying the outdoors including several state parks, state recreation areas, and regional and city parks to choose from. Many of the communities in the county provide hiking trails, skate parks, sports courts, and multi-use sports fields. During the winter months, you can have fun at the ski and snowboard resorts in the Oakland County, such as Alpine Valley in White Lake Township, Mt. Holly in Groveland Township, and Pine Knob in Clarkston. 

Popular Oakland County Communities:

  • Bloomfield Hills is one of the most affluent communities in Oakland County and the perfect choice for buyers who desire a high-end lifestyle. Located only 20 miles from downtown Detroit, Bloomfield Hills has numerous gated communities, larger homes, and top-rated schools. More than half the homes in Bloomington Hills are over $1 million. 
  • Auburn Hills is a prosperous community with abundant employment opportunities. Buyers will find a wide range of Oakland County MI homes for sale 400,000-600,000 within upscale neighborhoods to historic homes to family-friendly neighborhoods near great schools. Auburn Hills is home to the Palace Arena (NBA's Detroit Pistons) and attracts couples, families, and retirees alike.  
  • Birmingham has many prestigious neighborhoods, gated communities, and top-rated schools. The popular downtown area is brimming with cafes, bistros, boutiques, shops, and more. The community boasts an average family income of over $100,000 per year and you’ll find many luxurious homes.
  • Royal Oak - is popular among young professionals, with plenty of nightlife, entertainment, employment opportunity, and close proximity to Detroit. There's also plenty of opportunities to buy your first home or condo overlooking the Royal Oak downtown area.  
  • Franklin is an affluent suburban community in Oakland County filled with gorgeous luxury estates on large acreage. Franklin has a charming downtown area featuring high-end shops and restaurants. It's a great community for homebuyers who are seeking a luxurious lifestyle along with plenty of privacy.

The nearest major airport serving Oakland County MI real estate is Detroit Metropolitan Wayne County Airport with international and domestic flights from Detroit, located about 37 miles from the center of Oakland County. Windsor International Airport, which has domestic flights from Windsor, Canada and is about 37 miles from Oakland County. Bishop International Airport, with domestic flights from Flint, Michigan is located about 48 miles from the county.

Partner with Top Oakland County REALTOR® - Tom Gilliam

Whether you’re interested in Oakland County MI homes for sale 400,000-600,000, or its time to list your current property, Tom Gilliam provides the kind of knowledge, dedication, and personalized service you need and deserve. As a member of the National Association of REALTORS®, Tom adheres to a strict ‘Code of Ethics and Standards of Practice.’ He possesses a strong work ethic and will do whatever is necessary to facilitate a smooth and successful transaction. Tom will take the time to listen to your needs and concerns and will always have your best interests in mind.

Partner with Tom and you’ll have an Oakland County real estate expert by your side who will protect your interests, advocate for you, and skillfully handle the details of your home purchase or sale for the best possible outcome. To find out more about buying or selling Oakland County MI real estate, please call Tom directly at (248) 790-5594 or send him an email today!   

Tom Gilliam
REALTOR®
RE/MAX Classic
29630 Orchard Lake Rd.
Farmington Hills 48334
Call: 248-790-5594
Office: 248-737-6800
Email: [email protected]
License #301741

STAY INFORMED OF MARKET CHANGES

SIGN UP FOR OUR NEWSLETTER

QUICK SEARCH

Price
Beds
Baths
For Sale / All Types

Oakland County MI Homes for Sale 300,000-400,000

novi-mi-homes-for-sale

OAKLAND COUNTY MI HOMES FOR SALE 300,000-400,000

Explore Oakland County MI Homes for Sale 300,000-400,000! What appeals to homebuyers about Oakland County, Michigan is the sheer volume of available jobs, entertainment, housing, and great neighborhoods. Situated northwest of Detroit, Oakland County is the wealthiest county in Metro Detroit. Home to approximately 1.251 million people, Oakland County is the second-most populated county in Michigan. Buyers will find a wide range of Oakland County MI homes for sale 300,000-400,000 to choose from in the county’s 62 cities, townships, and villages. Whether you’re in the market for low-maintenance condos/townhomes, single-family homes, lakefront homes, or gorgeous luxury estates, you're certain to find the home of your dreams in Oakland County. 

There are several communities in the county with vibrant, historic downtowns such as Milford, Ferndale, Birmingham, Farmington, Royal Oak, and Rochester. These Main street downtowns and heritage corridors feature a variety of boutiques, retail stores, galleries, art exhibitions, farmer's markets, sidewalk cafes, international cuisine, fine dining, and much more. The most affluent cities are located primarily in the center of the county such as Birmingham, Beverly Hills, Bloomfield Hills, Bloomfield Township, Franklin, and West Bloomfield. These upscale communities include many exclusive luxury homes priced from one million on up. 

Tom Gilliam is a top producing Oakland County MI REALTOR® with over 20 years of experience assisting home buyers. Tom’s knowledge and professionalism and his expertise in the local market will give you the assurance you need for making the best home purchase decision. To learn more about Oakland County MI real estate, feel free to call Tom directly at (248) 790-5594 or you can get in touch with him here!

Search the MLS below where you’ll find the most accurate and up-to-date listings for Oakland County MI homes for sale 300,000-400,000. Also, be sure to scroll down below to learn more about real estate in Oakland County MI and living in one of the wealthiest counties in metro Detroit:

Browse Oakland County MI homes for sale 300,000-400,000

$400,000
Land For Sale
Active
1.32
ACRES
OAKLAND
COUNTY
1590 Walton Boulevard
Rochester Hills, MI 48309
 
$400,000
Single Family Home For Sale
Active
3
BEDS
2
TOTAL BATHS
1,400
SQFT
4907 John R Road
Troy, MI 48085
 
$400,000
Land For Sale
Active
0.82
ACRES
OAKLAND
COUNTY
580 South Street
Rochester, MI 48307
 
$400,000
Land For Sale
Active
53.69
ACRES
OAKLAND
COUNTY
000 Ormond Rd
White Lake Twp, MI 48383
 
$400,000
Land For Sale
Active
20.43
ACRES
OAKLAND
COUNTY
000 Weaver Road E
Milford Twp, MI 48381
 
$400,000
Condo For Sale
Active
2
BEDS
2
TOTAL BATHS
1,275
SQFT
350 N Main St Unit 619
Royal Oak, MI 48067
Main North Lofts Occpn 1666 Subdivision
$400,000
Land For Sale
Active
0.18
ACRES
OAKLAND
COUNTY
510 W University Drive
Rochester, MI 48307
Suprvr'S Plat No 3 - Vlg of Roch Subdivision
New Listing - 6 days online
$400,000
Single Family Home For Sale
Active
3
BEDS
2
TOTAL BATHS
1,650
SQFT
18120 Locherbie Avenue
Beverly Hills Vlg, MI 48025
Beverly Hills Sub No 4 Subdivision

Current Market Trends

The Oakland County market is hot right now. Oakland County MI home values have gone up 2.5% over the past year and real estate industry experts predict they will rise another 1.8% within the next year. The median price of Oakland County MI homes for sale 300,000-400,000 currently listed is $312,250.  

Why Homebuyers Should Consider Living in Oakland County, Michigan

Oakland County is among the ten highest-income counties in the U.S. The county's "Automation Alley" is one of the largest employment centers for engineering and related occupations in the country. General Motors, Ford, and Chrysler automotive companies are major employers within southeast Michigan and have a significant presence in Oakland County.

In addition, Oakland County is the proud home of Oakland University,  a large public research university in Auburn Hills and Rochester Hills. The county has a multitude of great shopping options including three super-regional shopping malls: the upscale Somerset Collection mall, the Twelve Oaks Mall, and Auburn Hills Great Lake Crossing Outlets.   

Oakland County Lakes and Lakefront homes

Known for having hundreds of lakes, Oakland County is home to large lakes, small lakes, private lakes, lakes with public access, lakes with state parks on them, lakes that only allow electric motors on them, and lakes that allow speed boats and jet skis on them. You’ll also find a wide range of Oakland County MI lakefront homes for sale from cozy lakefront cottages to spacious luxury waterfront homes. 

Residents of Oakland County have many options for enjoying the outdoors including several state parks, state recreation areas, and regional and city parks to choose from. Many of the communities in the county provide hiking trails, skate parks, sports courts, and multi-use sports fields. During the winter months, you can have fun at the ski and snowboard resorts in the Oakland County, such as Alpine Valley in White Lake Township, Mt. Holly in Groveland Township, and Pine Knob in Clarkston. 

Popular Oakland County Communities:

  • Bloomfield Hills is one of the most affluent communities in Oakland County and the perfect choice for buyers who desire a high-end lifestyle. Located only 20 miles from downtown Detroit, Bloomfield Hills has numerous gated communities, larger homes, and top-rated schools. More than half the homes in Bloomington Hills are over $1 million. 
  • Auburn Hills is a prosperous community with abundant employment opportunities. Buyers will find a wide range of Oakland County MI homes for sale 300,000-400,000 within upscale neighborhoods to historic homes to family-friendly neighborhoods near great schools. Auburn Hills is home to the Palace Arena (NBA's Detroit Pistons) and attracts couples, families, and retirees alike.  
  • Birmingham has many prestigious neighborhoods, gated communities, and top-rated schools. The popular downtown area is brimming with cafes, bistros, boutiques, shops, and more. The community boasts an average family income of over $100,000 per year and you’ll find many luxurious homes.
  • Royal Oak - is popular among young professionals, with plenty of nightlife, entertainment, employment opportunity, and close proximity to Detroit. There's also plenty of opportunities to buy your first home or condo overlooking the Royal Oak downtown area.  
  • Franklin is an affluent suburban community in Oakland County filled with gorgeous luxury estates on large acreage. Franklin has a charming downtown area featuring high-end shops and restaurants. It's a great community for homebuyers who are seeking a luxurious lifestyle along with plenty of privacy.

The nearest major airport serving Oakland County MI real estate is Detroit Metropolitan Wayne County Airport with international and domestic flights from Detroit, located about 37 miles from the center of Oakland County. Windsor International Airport, which has domestic flights from Windsor, Canada and is about 37 miles from Oakland County. Bishop International Airport, with domestic flights from Flint, Michigan is located about 48 miles from the county.

Partner with Top Oakland County REALTOR® - Tom Gilliam

Whether you’re interested in Oakland County MI homes for sale 300,000-400,000, or its time to list your current property, Tom Gilliam provides the kind of knowledge, dedication, and personalized service you need and deserve. As a member of the National Association of REALTORS®, Tom adheres to a strict ‘Code of Ethics and Standards of Practice.’ He possesses a strong work ethic and will do whatever is necessary to facilitate a smooth and successful transaction. Tom will take the time to listen to your needs and concerns and will always have your best interests in mind.

Partner with Tom and you’ll have an Oakland County real estate expert by your side who will protect your interests, advocate for you, and skillfully handle the details of your home purchase or sale for the best possible outcome. To find out more about buying or selling Oakland County MI real estate, please call Tom directly at (248) 790-5594 or send him an email today!   

Tom Gilliam

REALTOR®

RE/MAX Classic

29630 Orchard Lake Rd.

Farmington Hills 48334

Call: 248-790-5594

Office: 248-737-6800

Email: [email protected]

License #301741

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