Wayne Housing Market Report February 2025•Wayne County, Michigan

hero building illustration for mobile

Housing Prices in Wayne, MI

How much do homes in Wayne, MI cost?

Housing Market Conditions

Is Wayne, MI a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Wayne is a Seller's Market

Difference Since February 2024

Since last year, Wayne has remained a Seller's Market.

Insight

Wayne is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$175,000$123/SqFt
+$17,550
+11.1%

Based on all homes sold in the last 12 months

Insight

Homes in Wayne have sold for 11.1% more than they did a year ago.

Summary: The median home sold price in Wayne was $175,000 in February 2025, up 11.1% from last year, and the median price per square foot was $123.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Romulus
+13.4%
Wayne
+11.1%
Canton
+6.6%
Westland
+5.0%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsFeb 2024Feb 2025Change YoY
1-$135K
N/A
2$130K$125.9K
-3.1%
3$160K$175K
+9.4%
4$221K$240K
+8.6%
5$265K$78K
-70.6%

Summary: Wayne housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -3.1%. The home price for 3 bedroom homes increased by +9.4%. The home price for 4 bedroom homes increased by +8.6%. The home price for 5 bedroom homes decreased by -70.6%.

Housing supply in Wayne, MI

How many homes are available in Wayne, MI?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
45Last MonthFeb 2025
492 months agoJan 2025
-8.2 %
Change MoMJan – Feb

Summary: The Wayne real estate market had 45 homes for sale in Feb 2025, a 8.2 % decrease compared to Jan 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
11Last MonthFeb 2025
142 months agoJan 2025
-21.4 %
Change MoMJan – Feb

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
100
0.0%
266
0.0%
33533
-5.7%
474
-42.9%
512
+100.0%

Summary: Wayne housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -5.7%. The inventory for 4 bedroom homes decreased by -42.9%. The inventory for 5 bedroom homes increased by +100.0%.

Asking Price vs. Sold Price

How much do homes in Wayne, MI cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price6 Homes

At Asking Price3 Homes

Under Asking Price2 Homes

Insight

If you're buying a home in Wayne, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.

Summary: A total of 11 homes were sold or pending in Wayne in February 2025, down by 21.4% month-over-month. Of the 11 sold homes, 18% were sold under asking, 27% were sold at asking, and and 55% were sold over asking.

Days on Market for Wayne, MI

How long does it take to sell a home in Wayne, MI?

Breakdown of Home Sale Times

Under 30 Days4 Homes

30 – 90 Days7 Homes

Over 90 Days0 Home

Insight

Avg time on Rocket Homes in Wayne has remained consistent over time.

Summary: During February 2025, 11 homes were sold in Wayne; 36% of homes were sold within 30 days, 64% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
38 DaysThis YearFeb 2025
18 Days1 year agoFeb 2024
+107.9 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in Wayne had an average listing age of 38 days in Feb 2025, up by 107.9% compared to the previous year.

Connect With An Agent

Local real estate agents are ready to help you find a home here

Sell My Home

Sell your home with an expert or get the job done on your own.

Get Approved

Get a customizable mortgage solution based on today's rates.

Newest Listings in Wayne, MI

What homes are available in Wayne, MI?

See More Listings

Nearby markets

Popular Cities with Homes for Sale in Michigan

MLS Disclaimers and Copyright

Based on information from RealComp II Ltd., and Northern Great Lakes Realtors MLS for the period 03/01/2023 - 03/01/2025

IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2025 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/5/2025, 11:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Copyright © 2025 Northern Great Lakes REALTORS® MLS™ All Rights Reserved. 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. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/5/2025, 11:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.