Wayne County, MI Real Estate & Property Data

Wayne County Real Estate Market Trends
Last Updated: March 19, 2024

With up-to-date real estate data get detailed insight into Wayne County, MI sourced from the nation’s leading property data provider. The current median home price in Wayne County, MI is $180,000. Wayne County real estate data shows that there have been a total of 26,555 residential properties sold over the past 12 months. ATTOM’s Wayne County real estate data indicates that the county has 195 properties in foreclosure and 571 REOs (real estate bank owned) properties.

Wayne County Real Estate Market Trends
Total Residential Properties 621,017
Total Commercial Properties 54,675
Avg. Home Age (Single Family Home) 74 Years
Avg. Square Feet (Single Family Home) 1,436
Total 2024 Residential Sales (year-to-date) 2,258
% of Homes Seriously Underwater (Q1 2024) 1.12%
Total 2023 Residential Sales 24,297
% of Equity Rich Homes (Q1 2024) 22.92%
Effective 2023 Property Tax 1.3%
Total Foreclosure Filings (year-to-date) 195
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Wayne County, MI Real Estate Overview

There were 26,555 residential properties sold in the past year in Wayne County, MI. The median home value in Wayne County, MI is $165,301. There are a total of 621,017 residential properties in the Wayne.

Median Sales Price i
$180,000
(Jan 2024)
+5.9%
year-over-year
y-o-y
  • January '24 Jan '24 $180,000
  • December '23 Dec '23 $184,950
  • November '23 Nov '23 $189,950
  • October '23 Oct '23 $199,000
  • September '23 Sep '23 $195,000
  • August '23 Aug '23 $200,000
  • July '23 Jul '23 $193,000
  • June '23 Jun '23 $195,000
  • May '23 May '23 $185,000
  • April '23 Apr '23 $180,000
  • March '23 Mar '23 $178,000
  • February '23 Feb '23 $170,000
Median Down Payment i
$13,250
(Jan 2024)
+32.5%
year-over-year
y-o-y
  • January '24 Jan '24 $13,250
  • December '23 Dec '23 $17,125
  • November '23 Nov '23 $16,500
  • October '23 Oct '23 $16,000
  • September '23 Sep '23 $17,500
  • August '23 Aug '23 $17,675
  • July '23 Jul '23 $18,375
  • June '23 Jun '23 $14,250
  • May '23 May '23 $15,000
  • April '23 Apr '23 $12,000
  • March '23 Mar '23 $12,225
  • February '23 Feb '23 $10,000
Number of Homes Sold i
2,258
(Jan 2024)
+2.8%
year-over-year
y-o-y
  • January '24 Jan '24 2,258
  • December '23 Dec '23 1,132
  • November '23 Nov '23 2,109
  • October '23 Oct '23 1,788
  • September '23 Sep '23 2,186
  • August '23 Aug '23 2,459
  • July '23 Jul '23 2,096
  • June '23 Jun '23 2,457
  • May '23 May '23 2,274
  • April '23 Apr '23 1,893
  • March '23 Mar '23 2,168
  • February '23 Feb '23 1,538
Number of Purchase Loans i
1,217
(Jan 2024)
+15.1%
year-over-year
y-o-y
  • January '24 Jan '24 1,217
  • December '23 Dec '23 678
  • November '23 Nov '23 1,216
  • October '23 Oct '23 1,016
  • September '23 Sep '23 1,324
  • August '23 Aug '23 1,337
  • July '23 Jul '23 1,223
  • June '23 Jun '23 1,452
  • May '23 May '23 1,315
  • April '23 Apr '23 1,141
  • March '23 Mar '23 1,216
  • February '23 Feb '23 874
Number of REFI Loans i
1,032
(Jan 2024)
+18.2%
year-over-year
y-o-y
  • January '24 Jan '24 1,032
  • December '23 Dec '23 857
  • November '23 Nov '23 1,333
  • October '23 Oct '23 1,124
  • September '23 Sep '23 1,163
  • August '23 Aug '23 1,254
  • July '23 Jul '23 1,107
  • June '23 Jun '23 1,150
  • May '23 May '23 1,029
  • April '23 Apr '23 1,102
  • March '23 Mar '23 1,020
  • February '23 Feb '23 748
Number of HELOC Loans i
322
(Jan 2024)
-23%
year-over-year
y-o-y
  • January '24 Jan '24 322
  • December '23 Dec '23 314
  • November '23 Nov '23 436
  • October '23 Oct '23 371
  • September '23 Sep '23 453
  • August '23 Aug '23 475
  • July '23 Jul '23 407
  • June '23 Jun '23 502
  • May '23 May '23 486
  • April '23 Apr '23 415
  • March '23 Mar '23 440
  • February '23 Feb '23 363

Wayne County, MI Real Estate Market Overview

Last 30 days
  • City
    Median Est. Value
  • City
    Median Est. Value
  • City
    Median Est. Value

Wayne County, MI Foreclosure Activity

There were a total of 195 Wayne County, MI properties with a foreclosure filing in January 2024. Lenders started the foreclosure process on 195 Wayne County, MI properties and repossessed 571 Wayne County, MI properties through completed foreclosures (REOs) in January 2024.

Total Foreclosure Filings i
195
(Jan 2024)
+4.3%
year-over-year
y-o-y
  • January '24 Jan '24 195
  • December '23 Dec '23 206
  • November '23 Nov '23 205
  • October '23 Oct '23 231
  • September '23 Sep '23 193
  • August '23 Aug '23 224
  • July '23 Jul '23 187
  • June '23 Jun '23 232
  • May '23 May '23 167
  • April '23 Apr '23 210
  • March '23 Mar '23 250
  • February '23 Feb '23 166
Foreclosure Starts i
195
(Jan 2024)
+4.3%
year-over-year
y-o-y
  • January '24 Jan '24 195
  • December '23 Dec '23 206
  • November '23 Nov '23 205
  • October '23 Oct '23 231
  • September '23 Sep '23 193
  • August '23 Aug '23 224
  • July '23 Jul '23 187
  • June '23 Jun '23 232
  • May '23 May '23 167
  • April '23 Apr '23 210
  • March '23 Mar '23 250
  • February '23 Feb '23 166
Completed Foreclosures (REOs) i
571
(Jan 2024)
-24.1%
year-over-year
y-o-y
  • January '24 Jan '24 571
  • December '23 Dec '23 56
  • November '23 Nov '23 132
  • October '23 Oct '23 44
  • September '23 Sep '23 38
  • August '23 Aug '23 44
  • July '23 Jul '23 35
  • June '23 Jun '23 50
  • May '23 May '23 59
  • April '23 Apr '23 22
  • March '23 Mar '23 67
  • February '23 Feb '23 88
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