Market Datavs. 1 year ago
30-year mortgage6.71%▲ +0.21 pts15-year mortgage6.04%▲ +0.44 pts10-year Treasury4.79%▲ +0.51 ptsMortgage spread1.92 pts▼ -0.30 ptsMedian list price$429k▼ -2.4%List $/sqft$226▼ -2.2%Days on market57▼ -1 daysActive listings1.13M▲ +2.1%New listings424k▼ -2.5%Pending sales470k▲ +1.9%Housing starts1.24M▼ -13.5%Building permits1.43M▲ +2.4%New-home sales607k▼ -6.3%Existing-home sales4.06M▲ +0.7%Months of supply9.6▲ +0.4 moMortgage delinquency1.86%▲ +0.08 pts
as of Sep 2026
Top Sales

Detroit, Michigan Metro Area Top 5 Home Sales, Week Ending August 9, 2026: Orchard Lake Closing Tops the Week at $2.85 Million

A 2017 waterfront house on Upper Straits Lake in Orchard Lake sold for $2.85 million to lead the five highest-priced home sales publicly reported in the Detroit, Michigan metro area for the week ending August 9, 2026.

Detroit, Michigan Metro Area Top 5 Home Sales, Week Ending August 9, 2026: Orchard Lake Closing Tops the Week at $2.85 Million

A 2017 waterfront house on Upper Straits Lake in Orchard Lake sold for $2.85 million, the highest-priced home sale publicly reported in the Detroit, Michigan metro area for the week ending August 9, 2026. The five leading closings reported across the metro that week combined for $11.38 million in Detroit-area real estate.

The sales span Orchard Lake, Bloomfield Hills, Birmingham and Grosse Ile, with Bloomfield Hills accounting for two of them. Build years run from 1928 to 2017, and water figures in several of the week’s transactions: lake frontage at No. 1, a Rouge River ravine at No. 4 and 200 feet of Detroit River frontage at No. 5.

No. 1 — $2,850,000 · 5820 Lakeview Ave, Orchard Lake, Michigan

Top home sale No. 1 in the Detroit, Michigan metro area — 5820 Lakeview Ave, Orchard Lake, Michigan, week ending August 9, 2026

Upper Straits Lake produced the metro’s highest reported closing of the week. A 2017 house at 5820 Lakeview Ave in Orchard Lake sold for $2,850,000 on August 3, 2026, sited on a double lot with roughly 80 feet of frontage on the all-sports Oakland County lake. The residence carries four bedrooms, five full and three half bathrooms and a reported 8,508 square feet.

Twenty-foot ceilings and heated floors open an interior arranged so that water views carry through the main rooms, and the kitchen is fitted with Thermador appliances, a Sub-Zero refrigerator and stone counters.

A private elevator reaches every level, and the walkout lower level holds a second kitchen, a fireplace and a retractable projector screen opening onto an oversized terrace above the water. A whole-house generator and a heated three-and-a-half-car garage serve the estate, which previously changed hands for $2,491,000 in 2021.

Edinam Moten and Sheel Sohal of Bridge Cross Realty were the listing agents. Ann Michael of Dobi Real Estate represented the buyer. The $2,850,000 closing put Moten and Sohal at the listing side of RealtyWire’s highest-priced reported home sale in the Detroit metro area for the week ending August 9, 2026.

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No. 2 — $2,375,000 · 7400 Parkstone Ln, Bloomfield Hills, Michigan

Top home sale No. 2 in the Detroit, Michigan metro area — 7400 Parkstone Ln, Bloomfield Hills, Michigan, week ending August 9, 2026

A contemporary ranch in Bloomfield Hills took the No. 2 position. The 1953 house at 7400 Parkstone Ln traded for $2,375,000 in a transaction that closed August 3, 2026, and it offers four bedrooms, four bathrooms and a reported 3,517 square feet on a private one-acre parcel.

Young & Young Architects designed the house, and Mosher Design Co. completed the backyard in 2023 with a pool, an integrated spa, a sundeck and a covered stone patio with a fire bowl. Bamboo floors, floor-to-ceiling windows and illuminated tray ceilings run through an open plan, and the kitchen centers on dual quartz islands. The property previously changed hands for $1,575,000 in 2021.

Matthew Barker and Jeffrey S Barker of Max Broock, REALTORS®-Birmingham were the listing agents. Christian J Grothe of Max Broock, REALTORS®-Birmingham represented the buyer. The house went under contract 17 days after the current listing date, and the sale ranked No. 2 in RealtyWire’s Detroit Metro Area Top 5 for the week.

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No. 3 — $2,100,000 · 182 Chewton Rd, Bloomfield Hills, Michigan

Top home sale No. 3 in the Detroit, Michigan metro area — 182 Chewton Rd, Bloomfield Hills, Michigan, week ending August 9, 2026

Bloomfield Village accounted for the No. 3 sale, at 182 Chewton Rd in Bloomfield Hills. Built in 1964 and extensively updated since, the house changed hands for $2,100,000 in a closing recorded August 7, 2026, with five bedrooms, four full and three half bathrooms and a reported 6,289 square feet.

An oversized island anchors a kitchen with a built-in refrigerator, double wall ovens, dual dishwashers, a Viking gas cooktop and granite counters, opening to a family room with a stone fireplace and custom built-ins. A second stone fireplace and floor-to-ceiling built-ins define the library, and the lower level adds a second kitchen with bar seating and a fitness room.

Dan A Gutfreund of Signature Sotheby’s International Realty Bham was the listing agent. Meredith R Colburn of The Agency Hall & Hunter represented the buyer. The property went under contract 16 days after the current listing date, and the $2,100,000 result ranked No. 3 in RealtyWire’s Detroit Metro Area Top 5 home sales for the week.

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No. 4 — $2,050,000 · 405 Bonnie Brier Ave, Birmingham, Michigan

Top home sale No. 4 in the Detroit, Michigan metro area — 405 Bonnie Brier Ave, Birmingham, Michigan, week ending August 9, 2026

A reported 4,609 square feet is arranged over three levels at 405 Bonnie Brier Ave, a 1989 house that closed on August 5, 2026 for $2,050,000. The three-bedroom, four-bathroom residence sits a short walk from downtown Birmingham on a parcel bordered by woods and ravines, and an elevator serves all three floors.

Soaring ceilings open the living room, which shares the main level with a private office overlooking the ravine, a kitchen joined to a family room with a stone fireplace and a separate dining room. The second floor is given over to the primary suite, with walk-in closets, a sauna and a large deck above the property’s Rouge River ravine, while two more bedrooms and a wine cellar fill the walk-out lower level.

Kathleen F Wilson of Berkshire Hathaway HomeServices Kee Realty Bham was the listing agent. Meredith M Myers Kulka of Cranbrook Associates-Birm represented the buyer. The $2,050,000 transaction ranked No. 4 in RealtyWire’s Detroit Metro Area Top 5 home sales for the week ending August 9, 2026.

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No. 5 — $2,000,000 · 19123 Parke Ln, Grosse Ile, Michigan

Top home sale No. 5 in the Detroit, Michigan metro area — 19123 Parke Ln, Grosse Ile, Michigan, week ending August 9, 2026

Grosse Ile closed out the week’s list with a 1928 estate at 19123 Parke Ln, which changed hands for $2,000,000 in a sale dated August 7, 2026. Set far back from the road on a three-acre lot with 200 feet of Detroit River frontage, the house carries seven bedrooms, 12 bathrooms and a reported 9,988 square feet.

Listing materials identify Charles Fisher, a co-founder of the Fisher Body Company and a vice president of General Motors, as the original owner, and the firm Smith, Hinchman and Grylls as the architect. From the grounds the Grosse Ile Lighthouse, the Ambassador Bridge and the Gordie Howe International Bridge are all in view.

An Italian marble foyer leads to an east-facing sun porch above the river, and 12-foot ceilings carry plaster medallions and deep crown molding. A carved Carrara marble fireplace anchors the formal living room, a paneled library holds built-in bookcases, and the lower level keeps its original terrazzo flooring and a walk-in vault for wine storage. A six-car garage with carriage doors stands about a mile from the toll bridge.

Jennifer Baghdoian of The Charles Reinhart Company was the listing agent. The $2,000,000 closing placed Baghdoian at the listing side of the No. 5 sale in RealtyWire’s Detroit Metro Area Top 5 for the week ending August 9, 2026.

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RealtyWire selected these transactions from publicly reported residential sales identified for the calendar week ending Sunday, August 9, 2026. The report may exclude private, off-market, delayed or nondisclosed transactions. Prices, property details and professional representation are reported as available at publication and may be updated following confirmation from transaction participants.

Were you involved in one of these transactions? Contact RealtyWire to verify or correct your professional credit or submit information for a future edition.

See full market data on our Detroit, Michigan market page.

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