A typical Wayne County home listed for $129,450 in March, up 5.3% from a month earlier, an analysis of data from Realtor.com shows.
The median list home price in March was down about 14.5% from March 2021. Wayne County’s median home was 1,219 square feet for a listed price of $107 per square foot.
The Wayne County market was busy, with a median 34 days on market. The market added 1,864 new home listings in March, compared with the 1,588 added in March 2021. The market ended the month with some 2,307 listings of homes for sale.
Information on your local housing market is available through the USA TODAY Network, with more data from Realtor.com.
What were Detroit-area home prices in March? Here’s a county-by-county breakdown
Oakland County’s home prices rose 3.1%, to a median $412,500, from a year earlier. The typical house was on the market for 20 days, from 24 days a year earlier. The typical 1,930-square-foot house had a list price of $211 per square foot.
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Macomb County’s home prices rose 3.8%, to a median $266,450, from a year earlier. The typical house was on the market for 27 days, from 32 days a year earlier. The typical 1,519-square-foot house had a list price of $175 per square foot.
Livingston County’s home prices rose 11%, to a median $397,450, from a year earlier. The typical house was on the market for 20 days, from 32 days a year earlier. The typical 1,855-square-foot house had a list price of $224 per square foot.
Washtenaw County’s home prices fell 6.7%, to a median $420,000, from a year earlier. The typical house was on the market for 36 days, from 39 days a year earlier. The typical 1,756-square-foot house had a list price of $234 per square foot.
Across metro Detroit, median home prices rose to $229,450, up 5.7% from a month earlier. The median home had 1,446 square feet, at a list price of $163 per square foot.
Across all of Michigan, median home prices were $241,950, rising 6.4% from a month earlier. The median Michigan home for sale had 1,532 square feet at list price of $156 per square foot.
Across the United States, median home prices were $404,950, up 3.2% from a month earlier. The median American home for sale had 1,800 square feet, listed at $214 per square foot.
The median home list price — the midway point of all the houses or units listed over a period of time — is used more often in this report instead of the average home list price because experts say the median offers a more accurate view of what’s happening in a market. In finding the average price, all prices of homes listed are added and then divided by the number of homes sold. This measure can be skewed by one low or high price.
The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from the Realtor.com residential listings database.. The story was written by Mike Stucka and Sean Lahman.
Read More:Metro Detroit homes for sale drop to $129,450 median price
2022-05-04 12:25:42
