What the Pros Know
Market Snapshot
Zip Code 48216 | Wayne County, MI
5,171
Population
YoY
202234.8
Median Age
YoY
2022$41,066
Median Household Income
YoY
2022$500,000
Median Sale Price
41.2% MoM
135.3% YoY
7/20242
Homes Sold
100.0% MoM
66.7% YoY
7/20243.0
Months Inventory
40% MoM
500% YoY
7/2024151
Days on Market
14550 MoM
7100 YoY
7/20246
Listings
20.0% MoM
100.0% YoY
7/202483.3%
Sale Price to List Price
6.1% MoM
14.1% YoY
7/2024
See 48216 on Zillow
1. Population Data from U.S. Census Bureau.
2. Sales Data provided by Redfin, a national real estate brokerage.
MoM = Month over Month. The percentage change from the previous month to the current month.
YoY = Year over Year. The percentage change from the same period the previous year to the current period.