03/01/2025
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February 2025 Market Update
π Macomb County
π΅ Median Sales Price: $256,000 (β 6.7% YoY)
β³ Avg. Days on Market: 28 days (β 3.7% YoY)
π Months' Supply: 1.7 months (β 21.4% YoY)
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New Listings: 14,142 (β 6% YoY)
π Closed Sales: 10,547 (β 3% YoY)
π Quick Insight: Home prices continue to rise, but a slight decline in closed sales suggests some buyer caution. More listings provide opportunities for those entering the market.
π Oakland County
π΅ Median Sales Price: $351,000 (β 6.4% YoY)
β³ Avg. Days on Market: 26 days (No change YoY)
π Months' Supply: 1.8 months (β 5.9% YoY)
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New Listings: 20,639 (β 2.5% YoY)
π Closed Sales: 15,219 (β 0.5% YoY)
π Quick Insight: Stability continues in Oakland County, with prices steadily increasing. The market remains competitive with slight growth in new listings and closed sales.
π Wayne County
π΅ Median Sales Price: $191,000 (β 7.9% YoY)
β³ Avg. Days on Market: 32 days (β 3.2% YoY)
π Months' Supply: 2.7 months (β 3.8% YoY)
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New Listings: 28,374 (β 2.2% YoY)
π Closed Sales: 18,792 (β 2.4% YoY)
π Quick Insight: Wayne County continues to lead in price growth, but both new listings and closed sales saw slight declines. The market may be shifting toward more balance between buyers and sellers.
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