Monthly Recap: August
Posted: August 31, 2026
If you've ever wondered what your home might be worth, or whether now's a good time to buy, the best answer isn't going to come to you from a national headline; it's what's actually closing in your own area, right now. Listing prices tell you what sellers are hoping for. Closed sales tell you the truth.
August at a Glance
From first showings to closing day handshakes, August closed out our summer season and brought new homeowners, sold signs across our favorite neighborhoods in Southeast Michigan, and a market that kept us on our toes in the best way.
Behind every "sold" post is someone starting a new chapter. Thank you to everyone who let us be part of your journey this summer, we're already looking ahead to what fall has in store.
Curious what actually sold, where, and for how much? Scroll for a more in-depth look at how the season played out.
Homes sold this month: 10
Total sales volume: $3,847,750
Average sale price: $384,775
Median sale price: $273,500
Average sale-to-list price ratio: 103.26%
Highest sale: $1,100,000, Northville
Busiest area this month: South Lyon
Sold Homes in August with Jolley & Co.
1917 Harwood Drive, Royal Oak | Buyer represented by Ashley Jolley
22609 Edgewood Street, St. Clair Shores | Buyer represented by Rebecca Smith
12116 Shenandoah Drive, South Lyon | Buyer represented by Allison Maher
4729 Turtle Creek Drive, Howell | Buyer represented by Jenna Maher
34903 Pennington Drive, Farmington Hills | Seller represented by Rebecca Smith
1146 Harrison Street, Garden City | Seller represented by Allison Maher
58935 Winnowing Circle S, South Lyon | Seller represented by Ashley Jolley
14772 Auburndale Street, Livonia | Seller represented by Allison Maher
23068 Cyprus Drive, Northville | Seller represented by Ashley Jolley
734 Challenging Trail, South Lyon | Seller represented by Jenna Maher
What Stood Out This Month
A wide range in home prices. Sales in August ranged from under $100,000 in Howell to $1.1 million in Northville. That spread is a good reminder that "the market" isn't a monolith. Pricing, demand, and competition can look very different from one town to the next, sometimes just a few miles apart.
Some homes are still selling over asking. 40% homes closed above their list price in August, including one in Northville that sold $121,000 over ask. That tells us that well-priced, well-presented homes in desirable areas are still generating real competition among buyers.
Most homes sold close to their list price. Whether a bit above or a bit below, most of August's sales landed within a reasonable range of what the home was listed for. That's a helpful signal for sellers thinking about how to price their own home, and for buyers wondering how much room they might have to negotiate.
What This Means If You're Selling
If homes in your area are selling at or above list price, it's often a sign of strong buyer demand and a good time to get a professional opinion on what your home could be worth. Pricing accurately from the start (rather than starting high and cutting later) tends to attract more serious interest.
What This Means If You're Buying
If you're watching a neighborhood where homes are consistently closing below asking, you may have more room to negotiate on price or terms. On the other hand, in areas where homes are closing above asking, it's worth being prepared to move quickly and put your best offer forward.
What This Means If You're Just Curious
Even if you're not buying or selling anytime soon, tracking what's selling nearby is one of the easiest ways to stay informed about your home's value over time, and to stay ahead of the curve before it even becomes a trend.
If you’re…
wondering what your home might be worth, or you're just curious what's been selling in your neighborhood lately, you're not alone. We're always happy to help you find out.
Reach out anytime to schedule a home evaluation with a member of the Jolley and Co. team. There's no pressure, just honest answers based on what's actually happening around you.