$356 Closing Credit*
$30,000
743 SqFt
2 Beds
•1 Full Bath
LaKeita Mitchell, Listing Office: EXP Realty LLC
Is Wayne County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Wayne County has remained a Seller's Market.
Key Takeaway
Wayne County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wayne County, MI
How much do homes in Wayne County, MI cost?
Median Sold Price
$190,709
$125/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$12,937(+7.3%)
Key Takeaway
Homes in Wayne County have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in Wayne County was $190,709 in November 2024, up 7.3% from last year, and the median price per square foot was $125.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $105K | $120K | +14.3% |
| 2 Bedrooms | $138.5K | $147.4K | +6.4% |
| 3 Bedrooms | $169.7K | $182.3K | +7.4% |
| 4 Bedrooms | $309.1K | $328.5K | +6.3% |
| 5+ Bedrooms | $326.8K | $340K | +4.0% |
Summary: Wayne County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 4%.
Median Sold Price Compared To Nearby Counties
| Macomb County | $230.7K | $252.9K | +9.6% |
| Wayne County | $177.7K | $190.7K | +7.3% |
| Oakland County | $330.7K | $349.2K | +5.6% |
| Monroe County | $234.7K | $240K | +2.2% |
Housing Supply in Wayne County, MI
How many homes are available in Wayne County, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6,729 | 6,465 | -3.9% |
Summary: The Wayne County real estate market had 6,465 homes for sale in November 2024, a 3.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 130 | 135 | +3.8% |
| 2 Bedrooms | 1,119 | 1,057 | -5.5% |
| 3 Bedrooms | 3,960 | 3,819 | -3.6% |
| 4 Bedrooms | 1,176 | 1,120 | -4.8% |
| 5+ Bedrooms | 344 | 334 | -2.9% |
Summary: The Wayne County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 3.8%, 2 bedroom homes decreased by 5.5%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes decreased by 2.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1,682 | 1,263 | -24.9% |
Asking Price vs. Sold Price
630 Homes Were Sold
Under Asking
207 Homes Were Sold
At Asking
426 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wayne County, you may be able to get a good deal. 49.9% of homes here sold below asking price last month.
Summary: A total of 1,263 homes were sold or pending in Wayne County in November 2024, down by 24.9% month-over-month. Of the 1,263 sold homes, 50% were sold under asking, 16% were sold at asking, and 34% were sold over asking.
Days on Market for Wayne County, MI
How long does it take to sell a home in Wayne County, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 28 Days | 32 Days | +15.9% |
Summary: Homes in Wayne County had an average of 32 days on market in Nov 2024, up by 15.9% compared to last year.
Breakdown of Home Sale Times
834 Homes Were Sold
Under 30 Days
327 Homes Were Sold
In 30 - 90 Days
102 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wayne County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 1263 homes were sold in Wayne County; 66% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. 
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Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.