Wayne County Housing Market Report February 2025Wayne County, Michigan

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Housing Prices in Wayne County, MI

How much do homes in Wayne County, MI cost?

Housing Market Conditions

Is Wayne County, 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 County is a Neutral Market

Difference Since February 2024

At the same time last year, Wayne County was a Seller's Market.

Insight

Wayne County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

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.
$196,111$128/SqFt
+$15,819
+8.8%

Based on all homes sold in the last 12 months

Insight

Homes in Wayne County have sold for 8.8% more than they did a year ago.

Summary: The median home sold price in Wayne County was $196,111 in February 2025, up 8.8% from last year, and the median price per square foot was $128.

Median Sold Price By Counties

Median Sold Price By Counties
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
Wayne County
+8.8%
Macomb County
+8.0%
Oakland County
+5.8%
Monroe County
+3.9%

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$107.5K$120K
+11.6%
2$140.4K$150K
+6.8%
3$170.7K$184.9K
+8.4%
4$309.3K$345.5K
+11.7%
5$324.7K$364K
+12.1%

Summary: Wayne County housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes increased by +11.6%. The home price for 2 bedroom homes increased by +6.8%. The home price for 3 bedroom homes increased by +8.4%. The home price for 4 bedroom homes increased by +11.7%. The home price for 5 bedroom homes increased by +12.1%.

How does Wayne County, MI compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Wayne County, MI

Housing supply in Wayne County, MI

How many homes are available in Wayne County, 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
5,787Last MonthFeb 2025
5,5312 months agoJan 2025
+4.6 %
Change MoMJan – Feb

Summary: The Wayne County real estate market had 5,787 homes for sale in Feb 2025, a 4.6 % increase 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
927Last MonthFeb 2025
1,0882 months agoJan 2025
-14.8 %
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
1119135
+13.4%
2931988
+6.1%
33,2883,421
+4.0%
4916950
+3.7%
5277293
+5.8%

Summary: Wayne County housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +13.4%. The inventory for 2 bedroom homes increased by +6.1%. The inventory for 3 bedroom homes increased by +4.0%. The inventory for 4 bedroom homes increased by +3.7%. The inventory for 5 bedroom homes increased by +5.8%.

Asking Price vs. Sold Price

How much do homes in Wayne County, 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 Price280 Homes

At Asking Price168 Homes

Under Asking Price478 Homes

Insight

If you're buying a home in Wayne County, you may be able to get a good deal. 51.6% of homes here sold below asking price last month.

Summary: A total of 927 homes were sold or pending in Wayne County in February 2025, down by 14.8% month-over-month. Of the 926 sold homes, 52% were sold under asking, 18% were sold at asking, and and 30% were sold over asking.

Days on Market for Wayne County, MI

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

Breakdown of Home Sale Times

Under 30 Days518 Homes

30 – 90 Days277 Homes

Over 90 Days132 Homes

Insight

Many homes in Wayne County are selling fast, if you're buying plan to act quickly.

Summary: During February 2025, 927 homes were sold in Wayne County; 56% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 14% 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
41 DaysThis YearFeb 2025
34 Days1 year agoFeb 2024
+19.1 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in Wayne County had an average listing age of 41 days in Feb 2025, up by 19.1% compared to the previous year.

Newest Listings in Wayne County, MI

What homes are available in Wayne County, MI?

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Based on information from RealComp II Ltd., Michigan Regional Information Center LLC, MiRealSource Inc. DL, Northern Great Lakes Realtors MLS, and Greater Lansing MLS for the period 03/01/2023 - 03/01/2025

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/13/2025, 5:20:59 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: 3/13/2025, 5:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX 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.

Copyright © 2025 Greater Lansing Association of REALTORS®. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/13/2025, 5:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.