Oak Park, MI housing market
The typical Oak Park home is worth about $235,000, up 1.6% in a year, 12% below the Michigan typical home. Homes typically sell in 17 days, a little above asking.
Home values, sales, trends and how Oak Park compares with the towns next door — updated as new data is published.
Oak Park at a glance
A strong seller's market
Homes are selling faster than new ones are listed: less than two months of supply. Well-priced homes can draw several offers.
Typical home value, 2016–2026
Show as a table
| January | Oak Park | Michigan |
|---|---|---|
| 2017 | $108,000 | $144,000 |
| 2018 | $128,000 | $155,000 |
| 2019 | $153,000 | $165,000 |
| 2020 | $164,000 | $175,000 |
| 2021 | $181,000 | $194,000 |
| 2022 | $197,000 | $217,000 |
| 2023 | $214,000 | $230,000 |
| 2024 | $223,000 | $241,000 |
| 2025 | $232,000 | $253,000 |
| 2026 | $236,000 | $262,000 |
| August 2026 | $235,000 | $266,000 |
Oak Park and its neighbors
| Town | Typical value | 1-yr change | Days on market | Median income |
|---|---|---|---|---|
| Oak Park | $235K | +1.6% | 17 | $71,510 |
| Ferndale | $251K | −1.5% | 16 | $94,640 |
| Southfield | — | — | 28 | $68,166 |
| Huntington Woods | $543K | +4.5% | — | $190,150 |
| Royal Oak | $331K | +2.1% | — | $47,679 |
| Berkley | $317K | +1.9% | 8 | $116,239 |
3.3 years of income
The typical Oak Park home costs about 3.3 years of the town's median household income, less than across Michigan (3.7 years).
How Oak Park ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.