Wayne County Real Estate Market Update – YTD August 2025
Wayne County—including the Downriver communities—continues to show a mix of strong appreciation and slowing transaction volume. Here’s the bigger picture on how 2025 compares to 2024.
Residential Market Insights
New Listings: 17,112, flat (+0.6%).
Pending Sales: 10,904, down 5.8%.
Closed Sales: 10,312, down 5.9%.
Median Sales Price: $200,000, up 8.1%.
Average Sales Price: $250,905, up 8.4%.
Days on Market: 32, just a day longer than last year.
Percent of List Price Received: 98.9%, down slightly.
💡 What It Means: Fewer homes are going under contract and closing, which tells us some buyers are pulling back—whether due to affordability concerns or limited selection in certain neighborhoods. Yet, prices are still climbing, showing that demand hasn’t disappeared. For sellers, this means well-presented homes in desirable areas are still selling quickly and close to list price. Buyers need to be prepared with strong offers, as hesitation could mean paying more later.
Condo Market Insights
New Listings: 2,089, up 13.6%.
Pending Sales: 1,382, up 7.8%.
Closed Sales: 1,265, up 1.9%.
Median Sales Price: $235,000, down 2.1%.
Average Sales Price: $269,263, down 1.7%.
Days on Market: 37, up slightly from 34.
Percent of List Price Received: 98.8%, down a touch.
💡 What It Means: Wayne County condos are seeing more activity—more listings and more pending sales—yet pricing is softening a bit. This may reflect increased inventory giving buyers more leverage. Sellers should pay close attention to pricing and make sure their condo stands out with good presentation. Buyers have more options here than in the single-family segment.
Final Thoughts for Wayne County
The market shows two sides: values are growing, but fewer transactions are happening. For sellers, this means being realistic on pricing and presentation is critical. For buyers, more condo choices and slightly longer days on market provide opportunities, but residential pricing is still on the rise.
Your Local Real Estate Resource
Whether you’re buying or selling in Monroe County or Downriver, having a trusted REALTOR® who understands the numbers—and how they impact your decisions—makes all the difference.
At Synergy Realty Group, I take pride in being available whenever you need me and in using my knowledge of the local market to help you reach your goals.
📞 Call/Text: 734-301-8667
📧 Email: jordan@downriversynergy.com
🌐 Website: www.jordanbobbitt.realtor
📍 Synergy Realty Group: 22001 Allen Rd, Woodhaven, MI 48183
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