A standard Wayne County household mentioned for $129,450 in March, up 5.3% from a thirty day period before, an evaluation of info from Real estate agent.com reveals.
The median list residence value in March was down about 14.5% from March 2021. Wayne County’s median household was 1,219 sq. toes for a shown value of $107 per square foot.
The Wayne County marketplace was chaotic, with a median 34 times on marketplace. The market place added 1,864 new household listings in March, as opposed with the 1,588 added in March 2021. The industry finished the thirty day period with some 2,307 listings of properties for sale.
Details on your area housing sector is obtainable by the United states These days Community, with far more details from Real estate agent.com.
What had been Detroit-location house price ranges in March? Here is a county-by-county breakdown
Oakland County’s house prices rose 3.1%, to a median $412,500, from a year before. The common residence was on the market for 20 days, from 24 days a 12 months earlier. The typical 1,930-square-foot residence experienced a checklist selling price of $211 per square foot.
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Macomb County’s house costs rose 3.8%, to a median $266,450, from a year before. The common household was on the marketplace for 27 times, from 32 times a 12 months before. The normal 1,519-square-foot dwelling had a listing cost of $175 for every sq. foot.
Livingston County’s household rates rose 11%, to a median $397,450, from a yr earlier. The normal property was on the industry for 20 days, from 32 times a year before. The common 1,855-sq.-foot home experienced a listing price tag of $224 per sq. foot.
Washtenaw County’s home selling prices fell 6.7%, to a median $420,000, from a year before. The common house was on the marketplace for 36 times, from 39 days a yr earlier. The usual 1,756-sq.-foot home experienced a list rate of $234 for every square foot.
Across metro Detroit, median dwelling costs rose to $229,450, up 5.7% from a thirty day period before. The median household had 1,446 square ft, at a record selling price of $163 for each sq. foot.
Throughout all of Michigan, median residence charges were $241,950, climbing 6.4% from a thirty day period previously. The median Michigan property for sale experienced 1,532 sq. ft at list selling price of $156 for every square foot.
Throughout the United States, median house price ranges had been $404,950, up 3.2% from a month previously. The median American home for sale had 1,800 sq. feet, stated at $214 for every sq. foot.
The median property listing price — the halfway point of all the homes or units mentioned more than a interval of time — is applied a lot more usually in this report in its place of the typical home list cost since experts say the median gives a far more accurate check out of what’s occurring in a marketplace. In getting the ordinary price, all price ranges of households outlined are extra and then divided by the range of households sold. This evaluate can be skewed by 1 small or higher cost.
The United states Nowadays Community is publishing localized variations of this story on its information web sites across the state, created with details from the Real estate agent.com residential listings databases.. The story was composed by Mike Stucka and Sean Lahman.