Wayne County, MI Home Values & Market Trends

The median home price in Wayne County, MI is $171,044.34. There were 25,210 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 $136,944.521. The number of current listings in Wayne County, MI is 2,014, and the percentage of properties for sale is 2014.00%. The county has 1,169 foreclosures, 510 bank owned properties, 659 headed for auction, and 2,014 properties for sale.

Wayne County, MI Real Estate Market Overview

CityMedian Est. ValueCityMedian Est. Value
Detroit

$ 79,000

$ 68/sqft

Inkster

$ 85,000

$ 83/sqft

Dearborn

$ 249,900

$ 169/sqft

Wyandotte

$ 164,900

$ 157/sqft

Taylor

$ 159,000

$ 137/sqft

Hamtramck

$ 149,900

$ 124/sqft

Livonia

$ 265,000

$ 190/sqft

Ecorse

$ 75,200

$ 73/sqft

Westland

$ 176,766

$ 164/sqft

Belleville

$ 227,500

$ 126/sqft

Redford

$ 168,502

$ 147/sqft

Grosse Pointe

$ 338,948

$ 153/sqft

Dearborn Heights

$ 189,900

$ 170/sqft

Southgate

$ 192,450

$ 168/sqft

Canton

$ 338,614

$ 190/sqft

Wayne

$ 170,250

$ 142/sqft

Northville

$ 412,234

$ 208/sqft

Trenton

$ 226,000

$ 165/sqft

Lincoln Park

$ 130,000

$ 138/sqft

Flat Rock

$ 208,986

$ 163/sqft

Plymouth

$ 368,741

$ 220/sqft

Melvindale

$ 115,213

$ 122/sqft

Garden City

$ 185,000

$ 185/sqft

New Boston

$ 241,666

$ 179/sqft

Harper Woods

$ 146,400

$ 118/sqft

Grosse Ile

$ 292,950

$ 148/sqft

Highland Park

$ 92,714

$ 52/sqft

Riverview

$ 191,239

$ 130/sqft

Romulus

$ 159,900

$ 140/sqft

River Rouge

$ 93,498

$ 54/sqft

Allen Park

$ 197,229

$ 170/sqft

Rockwood

$ 329,335

$ 142/sqft

See More

Housing Market Summary for Wayne County, MI

Feb 2023January 2024Change
Median Listing Price$134.9K$175.2K29.81%
Median Sold Price$120.1K$175.2K45.80%
Homes For Sale2,4412,128-12.82%
Homes Sold27,42016,262-40.69%
Price
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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%.

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Browse Homes in Wayne County, MI

Wayne County, MI home values range from $11,967 to $28,394,561. Northville is the priciest city with a median listing home price of $455,000, and Highland Park is most affordable with average house prices of around $65,000.

Foreclosure
There are 32 cities within Wayne County, MI; within these cities, the median estimated home value for homes in foreclosure ranges from $1,056,718 in Detroit to the lowest value of $20,800 in Detroit. Foreclosure homes account for 0.00% of properties in Wayne County, MI with Detroit containing 649 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-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 Owned
    The median estimated home value of bank owned homes (REO properties) in Wayne County, MI ranges from the highest value of $473,971 in New Boston to the lowest value of $20,800 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 407 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    Detroit has 242 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 0.11% 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 $1,448,438 in Northville to the lowest value of $21,263 in Northville.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.32% of residential properties in Wayne County, MI with Detroit containing 1060 homes for sale, the highest number of listed properties in a single city. There are 32 cities within Wayne County, MI; homes for sale in those cities, have a range of median values from $473,671 in Rockwood to the lowest value of $15,580 in Detroit.
    Sold Homes
    The median value for recently sold homes ranges from $450,881 in Rockwood to the lowest price of $17,382 in Rockwood. There are 32 cities within Wayne County, MI. Detroit has 5429 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 2.51% of properties in Wayne County, MI.

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      Guide for Wayne County, MI

      RealtyTrac Market Report
      Michigan
      2023 Michigan Real Estate Market: Analysis Reveals Booming Property Values and Volatile Sold Prices
      Michigan
      Detroit Real Estate Market Holds Steady: 2023 in Review
      Investment Guides
      Why Buying a Foreclosure is a Smart Move
      Beautiful house in the country
      Foreclosure
      The 5 Most Common Mistakes to Avoid When Buying a Foreclosed Home
      See More Articles
      RealtyTrac Market Report
      2023 Michigan Real Estate Market: Analysis Reveals Booming Property Values and Volatile Sold Prices
      Michigan|posted 8 December 2023

      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.

      Detroit Real Estate Market Holds Steady: 2023 in Review
      Michigan|posted 25 January 2024

      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.

      Why Buying a Foreclosure is a Smart Move
      Investment Guides|posted 15 November 2017

      Why Buying a Foreclosure is a Smart Move

      Beautiful house in the country
      The 5 Most Common Mistakes to Avoid When Buying a Foreclosed Home
      Foreclosure|posted 16 February 2024

      Buying foreclosure homes can be tricky – here are the most common pitfalls to avoid