Independence Township Housing Update: Tight Supply Keeps Prices Firm

Home prices in Independence Township, MI are holding steady as the spring market begins to unfold. Inventory remains limited, keeping the area in a seller’s market, though conditions are less frenzied than in recent years.

Top takeaways

• Median sale prices generally range from the high $300Ks to low $400Ks.
• Inventory sits around 2–3 months of supply, supporting seller leverage.
• Homes are averaging roughly a month on market, slower than peak pandemic years.
• Mortgage rates hovering near 6% are keeping buyers selective.

Market snapshot

Recent local market reports show median sale prices commonly cited between about $380,000 and $430,000, depending on property type and neighborhood. Realtor.com data lists a median sold price near $425,000 earlier this year, reinforcing the township’s position as one of Oakland County’s steadier submarkets.

Active listings across the township have hovered roughly in the 100–150 range, translating to about 2–3 months of supply. That remains below the six-month benchmark typically associated with a balanced market. Average days on market are tracking around 30 days, signaling healthy — but not rushed — buyer activity.

What’s for sale

Current offerings span entry-level ranch homes in the mid-$200Ks to lake-area and newer construction properties well above $600K. A recently listed three-bedroom ranch with lake privileges in the 48348 area is priced around $275,000, reflecting continued demand for updated, move-in-ready homes at attainable price points.

Higher-end listings are seeing longer marketing times, particularly where updates are needed. Buyers are prioritizing condition and value as monthly payments remain elevated compared with prior years.

Property tax season reminder

The township’s March 2026 Board of Review sessions are underway at Township Hall, an important checkpoint for homeowners reviewing assessed values as prices stabilize.

Sources

https://www.michiganhomesellers.com/real-estate-blog/independence-housing-market/
https://www.realtor.com/local/market/michigan/oakland-county/independence
https://www.ratemyagent.com/real-estate-agency/national-realty-centers-birmingham/property-listings/8990-woodlawn-avenue-independence-township-bq7zqd
https://cms2.revize.com/revize/independencemi/2026%20MBOR%20Newspaper%20Notice%20013.pdf?t=202602180722110

What are you seeing this spring — more listings, price cuts, or steady competition?