48393 — Oakland County, Michigan Market Snapshot
Housing market data for zip code 48393 in Oakland County, Michigan. Updated monthly with median prices, days on market, and more.
Market Sales Data
14 sales in 2026 (year to date)
Median Sale Price
$316,500
Days to Sell
34
Homes Sold
14
Inventory
11
Sale-to-List
97.6%
New Listings
19
Price/SqFt
$196
Pending Sales
19
Conforming Loan Available
Most homebuyers in 48393 can comfortably use conventional financing. The median home price of $316,500 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
48393's market is balanced with homes taking an average of 34 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
The average home in 48393 sells for 2.4% below asking price (97.6% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 48393 can comfortably use conventional financing. The median home price of $316,500 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 48393 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 48393
To purchase the median home at $316,500 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,575.
Monthly Payment
$2,575
Income Required
$110,354
Principal & Interest
$1,950/mo
Down Payment (5%)
$15,825
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 48393.
Estimated Monthly Payment
$2,109
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