What the Pros Know

1,751,169

Population

0.4% YoY

2023

36.1

Median Age

4.5% YoY

2022

$57,223

Median Household Income

8.3% YoY

2022

817,426

Labor Force

2.7% MoM

1.1% YoY

8/2024

776,012

Employed

0.6% MoM

1.2% YoY

8/2024

5.1%

Unemployment Rate

37.8% MoM

2% YoY

8/2024

$200,000

Median Sale Price

3.8% MoM

7.0% YoY

8/2024

1,478

Homes Sold

1.0% MoM

12.3% YoY

8/2024

2.2

Months Inventory

3.3% MoM

12.6% YoY

8/2024

18

Days on Market

2 MoM

3 YoY

8/2024

3,320

Listings

2.8% MoM

0.9% YoY

8/2024

99.5%

Sale Price to List Price

0.3% MoM

0.4% YoY

8/2024

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Cities included in Wayne County: Detroit, Dearborn, Livonia, Westland, Taylor, Dearborn Heights, Lincoln Park, Southgate, Allen Park, Hamtramck, Garden City, Inkster, Wyandotte, Romulus, Trenton, Wayne, Grosse Pointe Woods, Harper Woods, Woodhaven, Melvindale, Riverview, Grosse Pointe Park, Flat Rock, Grosse Pointe Farms, Ecorse, Plymouth, Highland Park, River Rouge, Northville, Grosse Pointe, Gibraltar, Belleville, Rockwood


 1.  Population Data from U.S. Census Bureau.
 2.  Employment Data from Bureau of Labor and Statistics
 3.  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.

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