48363 — Oakland County, Michigan Market Snapshot
Housing market data for zip code 48363 in Oakland County, Michigan. Updated monthly with median prices, days on market, and more.
Market Sales Data
15 sales in 2026 (year to date)
Median Sale Price
$993,308
Days to Sell
19
Homes Sold
15
Inventory
22
Sale-to-List
100.0%
New Listings
29
Price/SqFt
$260
Pending Sales
22
Above Conforming Limit Estimate
At 5% down, the estimated base loan for the $993,308 median-priced home in 48363 is $943,643. The 2026 conforming limit is $832,750. The limit applies to the loan amount, not the home price. The estimated base loan is $110,893 above the limit. A base loan at or below the limit would require at least 16.2% down before financed costs. This estimate does not determine loan eligibility, approval, rate, fees, or mortgage insurance.
Market Insights
Market Temperature
The median listing-to-close time for the reported sales in 48363 is 19 days. Use this measure with the sale count, property type, condition, price range, and inventory. It does not predict competition or negotiation results for a specific home.
Sale-to-List Ratio
The reported average sale-to-list ratio in 48363 is 100.0%. This aggregate does not predict the sale price or appraisal for a specific home.
Conforming Loan Feasibility
At 5% down, the estimated base loan for the $993,308 median-priced home in 48363 is $943,643. The 2026 conforming limit is $832,750. The limit applies to the loan amount, not the home price. The estimated base loan is $110,893 above the limit. A base loan at or below the limit would require at least 16.2% down before financed costs. This estimate does not determine loan eligibility, approval, rate, fees, or mortgage insurance.
Loan limits in 48363 are set at the county level.
2026 Loan Limits — Oakland County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 48363
To purchase the median home at $993,308 with 5% down at the assumed 6.75% rate, the estimated monthly payment is approximately $8,154.
Monthly Payment
$8,154
Income Required
$349,440
Principal & Interest
$6,120/mo
Property Tax
$1,490/mo
Home Insurance
$150/mo
Estimated PMI
$393/mo
Down Payment (5%)
$49,665
Assumes a 30-year fixed loan at 6.75%, 1.8% property tax, $1,800 annual insurance, and a 28% housing-to-income planning ratio. Planning estimate only. The income figure divides the displayed monthly housing estimate by a 28% housing-to-income ratio. It is not an approval rule. The mortgage insurance estimate uses 0.5% of the loan amount per year. Actual rates, taxes, insurance, mortgage insurance, HOA or condo dues, closing costs, repairs, utilities, other debts, and approval rules can differ. Compare actual terms and your Loan Estimate.
Mortgage Calculator
Estimate your monthly payment for a home in 48363.
Estimated Monthly Payment
$6,297
Estimates only. Actual payments, taxes, insurance, mortgage insurance, rates, and loan terms can differ. This calculator is not a loan offer.
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