Is Melvindale, MI 48122 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Melvindale is a seller’s market. With about 1.9 months of supply and 32% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply1.9Under 4 months = seller’s market

Sold above original list32.1%Share of sales, last 3 months

Median sale-to-list98.7%Sold price ÷ list price

Median days on market32Listing to accepted offer

Median price per sq ft$118▼ −12.7% vs. last year

Run the numbers for 48122

Prefilled for 48122Can I win this house?Multiple-offer likelihood for a listing Prefilled for 48122Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Allen Park 48101Seller’s market $145 /sq ft Belleville 48111Seller’s market $184 /sq ft Canton 48187Seller’s market $196 /sq ft Canton 48188Seller’s market $192 /sq ft Browse all markets →

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology