Wayne County, MI Home Values & Market Trends
The median home price in Wayne County, MI is $164,738.96. There were 25,570 home sales in Wayne County, MI over the past 12 months. The median residential Wayne County, MI home value for transactions over the previous year is $138,288.986. The number of current listings in Wayne County, MI is 2,837, and the percentage of properties for sale is 2837.00%. The county has 899 foreclosures, 497 bank owned properties, 402 headed for auction, and 2,837 properties for sale.
Wayne County, MI Real Estate Market Overview
| City | Median Est. Value | City | Median Est. Value |
|---|---|---|---|
| Detroit | $ 79,223 $ 65/sqft | Romulus | $ 168,971 $ 136/sqft |
| Livonia | $ 275,000 $ 188/sqft | Southgate | $ 174,533 $ 149/sqft |
| Canton | $ 388,727 $ 188/sqft | Belleville | $ 206,277 $ 140/sqft |
| Redford | $ 156,902 $ 136/sqft | Grosse Ile | $ 459,180 $ 188/sqft |
| Westland | $ 199,760 $ 162/sqft | Wayne | $ 165,772 $ 136/sqft |
| Dearborn | $ 218,369 $ 165/sqft | Allen Park | $ 182,719 $ 151/sqft |
| Taylor | $ 159,938 $ 128/sqft | Hamtramck | $ 161,466 $ 141/sqft |
| Northville | $ 497,000 $ 206/sqft | Ecorse | $ 65,000 $ 62/sqft |
| Dearborn Heights | $ 203,055 $ 170/sqft | Grosse Pointe | $ 322,261 $ 193/sqft |
| Harper Woods | $ 146,950 $ 122/sqft | Riverview | $ 153,938 $ 143/sqft |
| Plymouth | $ 416,082 $ 205/sqft | Trenton | $ 246,500 $ 165/sqft |
| Lincoln Park | $ 134,943 $ 121/sqft | Melvindale | $ 124,950 $ 133/sqft |
| Inkster | $ 86,500 $ 77/sqft | New Boston | $ 274,381 $ 133/sqft |
| Garden City | $ 187,987 $ 157/sqft | Flat Rock | $ 186,688 $ 135/sqft |
| Highland Park | $ 84,713 $ 43/sqft | River Rouge | $ 95,000 $ 81/sqft |
| Wyandotte | $ 163,670 $ 145/sqft | Rockwood | $ 270,687 $ 151/sqft |
Housing Market Summary for Wayne County, MI
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $140K | $159.1K | 13.60% |
| Median Sold Price | $119.5K | $159.1K | 33.18% |
| Homes For Sale | 2,437 | 2,558 | 4.97% |
| Homes Sold | 25,448 | 15,082 | -40.73% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Wayne County, MI
Browse Homes in Wayne County, MI
Wayne County, MI home values range from $10,229 to $29,936,661. Northville is the priciest city with a median listing home price of $566,000, and Highland Park is most affordable with average house prices of around $75,500.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Wayne County, MI with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 32 cities within Wayne County, MI; of those cities, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Wayne County, MI ranges from the highest value of $703,438 in Northville to the lowest value of $19,688 in Detroit. Bank owned homes and properties account for 0.08% of properties in Wayne County, MI. There are 32 cities within Wayne County, MI; Detroit containing 399 REO properties, has the highest number of bank owned properties in a single city.
- AuctionsDetroit has 138 auction properties, the highest number of properties going to auction in a single city in the state of Wayne County, MI. Auction homes and other auction properties account for 0.07% of all properties in Wayne County, MI. There are 32 cities within Wayne County, MI; of those cities, the median estimated home value for homes going to auction ranges from $1,329,734 in Northville to the lowest value of $21,658 in Northville.
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More Real Estate Resources for Wayne County, MI
Guide for Wayne County, MI
Explore the nuances of Michigan’s 2023 real estate market, where rising property values meet shifting sold prices and distressed properties offer investment opportunities amidst a stable yet competitive landscape.
The 2023 Detroit real estate market trend showed steady average listing values and an increase in property sales, with neighboring cities displaying more fluctuation but higher property values. This reflects the city’s resilience amidst an unpredictable industry landscape.
Lansing’s real estate market has seen substantial growth in home values and sales prices from April 2023 to March 2024, positioning the city as an attractive investment prospect.
Why Buying a Foreclosure is a Smart Move
