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Southfield and Lathrup Village, MI: Homes, Prices and Getting Around

Southfield and Lathrup Village for buyers and sellers: the housing, 2025 Realcomp sales figures for Southfield, highway access, and how property taxes work.

Southfield home sales in 2025

Figures for Southfield

Homes sold in 2025
653
Median residential sale
$274,000
Median days on market
31

Source: Realcomp Local Market Update, Southfield, 2025, data as of January 7, 2026. Residential and condo sales combined; median price and days on market are for residential sales.

Raven's office is in Lathrup Village, on Southfield Road, so this is home ground. Realcomp recorded 653 residential and condo sales in the City of Southfield in 2025, with a median residential sale of $274,000 and a median of 31 days on the market. Lathrup Village is reported separately.

The homes

Southfield grew quickly after the Second World War. Expect brick ranches and colonials from the 1950s and 1960s, larger homes in some northern neighborhoods, and a wide choice of condos and apartments. Lathrup Village is almost entirely single-family homes on tree-lined streets, many of them mid-century brick.

Getting around

Few places in Metro Detroit have better highway access. The Lodge Freeway (M-10), I-696, the Southfield Freeway (M-39) and Telegraph Road all run through or beside Southfield, so downtown Detroit, Troy, Farmington Hills and Royal Oak are each a short drive.

Work and parks

Southfield is one of the region's largest office centers, with corporate offices along Northwestern Highway and around the Southfield Town Center towers. Both cities run neighborhood parks; see each city's own site for current parks and recreation programs.

Buying here: taxes and costs

Southfield, Lathrup Village and their school districts each set their own millage, so compare tax estimates for specific addresses. As anywhere in Michigan, a home's taxable value resets after a sale; estimate from the state equalized value and file the Principal Residence Exemption after closing.

Thinking about Southfield or Lathrup Village?

Tell us your price range and a Raven agent will send you listings as they come on the market. Selling? Ask what your home is worth, or stop by the office at 28551 Southfield Road.

Written by Vlad Kruk, Principal Broker. Updated October 13, 2026. For school information, see the district's own site and the State of Michigan's MI School Data.

Southfield and Lathrup Village questions

Is Lathrup Village part of Southfield?

No. Lathrup Village is its own city, about a square mile and a half, surrounded by Southfield. It has its own city government and taxes.

Do the sales figures include Lathrup Village?

No. The figures on this page are Realcomp's for the City of Southfield. Lathrup Village is reported separately; ask us for its latest numbers.