Oakland County Real Estate: What to Expect in 2026

As we move deeper into 2026, Oakland County continues to stand out as one of Southeast Michigan’s most dynamic real estate markets. From the thriving corridors of Novi to the historic charm of Northville, this region offers something for every buyer and seller. Here’s what you need to know about the Oakland County market this year.

Strong Market Fundamentals

Oakland County’s real estate market remains robust, driven by a diverse economy, excellent schools, and proximity to Detroit’s revitalized downtown. We’re seeing steady appreciation across most communities, with average home prices in desirable areas like Northville and West Bloomfield holding firm despite national economic uncertainty.

Inventory levels have stabilized compared to the frenzy of 2021-2023, which means buyers have more options and slightly more negotiating power. However, well-priced homes in top school districts still move quickly—often within days of listing.

Neighborhood Spotlight: Where Buyers Are Looking

Novi continues to attract families and young professionals thanks to its excellent Novi Community Schools, vibrant commercial districts, and easy highway access. The market here is competitive, with homes typically receiving multiple offers.

Northville remains one of the county’s most sought-after communities. Its historic downtown, top-rated schools, and meticulously maintained neighborhoods command premium prices. Expect to see homes here priced 15-20% above the county median.

West Bloomfield offers a unique blend of waterfront living and suburban convenience. Properties on the area’s many lakes tend to hold their value exceptionally well, and we’re seeing increased interest from buyers looking for larger lots and privacy.

The Seller’s Perspective

If you’re thinking of selling in Oakland County, 2026 presents a solid opportunity. While we’re no longer in the “sell sight unseen” market of recent years, properly prepared and priced homes are still attracting serious buyers.

Key strategies for sellers this year include:

• Professional staging and photography—first impressions matter more than ever
• Competitive pricing based on recent comparable sales, not 2023 peak values
• Being flexible with showing times to accommodate serious buyers
• Addressing any deferred maintenance before listing

Interest Rates and Affordability

Mortgage rates have settled into a more predictable range, typically hovering between 6.5-7.5% for well-qualified buyers. While higher than the historic lows of 2020-2021, these rates are actually in line with historical averages and haven’t significantly dampened buyer demand in Oakland County’s strongest markets.

Many buyers are opting for adjustable-rate mortgages (ARMs) or taking advantage of buy-down programs offered by builders and motivated sellers.

New Construction vs. Existing Homes

Oakland County offers both options, and each has its advantages. New construction communities are active in areas like Lyon Township and Commerce Township, offering modern floor plans and energy efficiency. However, existing homes in established neighborhoods often provide better value per square foot and the character that comes with mature landscaping and established communities.

Looking Ahead

The Oakland County market shows no signs of slowing down. The region’s strong employment base—anchored by the automotive industry’s tech transformation, healthcare, and professional services—continues to attract new residents. Schools remain excellent, infrastructure investments are ongoing, and quality of life metrics consistently rank among the best in Michigan.

Whether you’re buying your first home, moving up, or considering selling, 2026 is shaping up to be a year of opportunity in Oakland County real estate.

Ready to explore Oakland County real estate? Contact Kavitha Velmurugan at kavitha@kvmhomes.com or call (313) 438-8128 to start your journey today.