What the Pros Know
Market Snapshot
Zip Code 48240 | Wayne County, MI
16,914
Population
YoY
202238.4
Median Age
YoY
2022$60,185
Median Household Income
YoY
2022$171,000
Median Sale Price
6.9% MoM
1.2% YoY
6/202570
Homes Sold
9.4% MoM
11.4% YoY
6/20250.6
Months Inventory
6.3% MoM
89.4% YoY
6/202515
Days on Market
4 MoM
2 YoY
6/202543
Listings
16.2% MoM
13.2% YoY
6/2025143
Price per Sq Ft
5.4% MoM
0.3% YoY
6/2025
See 48240 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.