Welcome to Farmington Hills!
Farmington Hills is an established community. It features moderate to luxury-priced homes. The city ranks as one of the safest cities in the United States, as well as in the state of Michigan. It also ranks high on national lists of best cities to live. Offering a number of excellent golf courses and parks, there is tons to do for those seeking recreation. Farmington Hills and Farmington are distinct cities but because of their proximity they have a lot of similarities. Features of the community include a recently renovated downtown, boutiques, a vintage cinema, numerous restaurants, exotic car dealerships, art galleries, and public parks including Heritage Park. The schools here are highly rated and in a desirable district.
Lastly, don’t forget to use our map feature to search for properties in Farmington Hills.
Visit the official website here.
Farmington Hills Market Stats
This graph displays in the last year, how many closed sales, pending sales and new listings on a month by month basis. (Note: It is typical to see seasonal fluctuation where the trend is going up in Spring and Summer and going down in Fall and Winter.)
This graph displays the monthly trend of median sale price over the last 2 years in a given area.
This graph displays the ratio between sale price and list price. Generally speaking, when the ratio is 95% or higher we are in a strong seller’s market; when it’s at 95% or less, the market is softening up and could be a buyer’s market.
This graph displays two key components of the selling process. Days to contract measures how long it takes to market a home and receive an offer. This indicator measures how hot or cool the market is. Days to settle measures how long is it taking buyers to get mortgage commitment. This indicator measures how strict or lose the lenders generally are in underwriting mortgage loans.
This graph displays the median price per square foot of all homes recently SOLD, pending, and currently listed.
Data provided by Greatschools.org