Real Estate Update: Homes Sold in Wayne County
Wayne County, Michigan saw a flurry of activity in the real estate market from September 2 to September 8 this year. During this week, there were a total of 460 home transactions reported across various cities in the county. The average size of homes sold was around 1,200 square feet, with the highest selling price reaching remarkable heights.
Top Sale of the Week
The most notable sale during this period was a 3,001-square-foot home located on Eason Street in Highland Park, which sold for $180,000. This substantial property stands as a highlight of the week’s activity, showcasing the potential for sizable homes in the area.
Breakdown by Cities
In Allen Park, homes were sold at prices starting from $119,000 for a small 672-square-foot home to a much larger home at $301,000. The prices per square foot ranged between $177 and $268. Notably, a 2,325-square-foot house sold for $300,000.
Next, in Belleville, homes fetched between $137,000 for a one-bathroom 1,032-square-foot property all the way up to $275,000 for a larger 1,246-square-foot home. Price points here show that even smaller homes can be quite desirable.
Brownstown Township reported a robust market too, with homes selling for $140,000 for a 1,176-square-foot property up to $280,000 for a 1,257-square-foot home, which highlights the mid-range pricing in the area.
Canton’s High Prices
Canton continues to present an attractive market with homes going for prices as high as $785,000 for a spacious 3,471-square-foot residence. A variety of homes showed diverse pricing, with smaller properties also experiencing solid sales starting as low as $136,000.
Dearborn’s Diverse Listings
Dearborn also showcased a wide variety of properties, from a small home sold for $90,000 up to a grand estate fetching $1,000,000. The price range reflects the variety of home styles and sizes in the area, from compact cozy homes to larger family residences.
Highlight from Detroit
Detroit’s real estate market remains active with prices starting at a very affordable $10,000 for a fixer-upper to newer properties selling for up to $600,888. This wide range demonstrates the ongoing transformation and diverse opportunities available in the city.
Overall Trends
The data from this week reflects a vital and active real estate market in Wayne County. With the median sale price standing at approximately $180,000, it indicates strong buyer interest across different price segments.
As the market continues to evolve, local real estate agents and potential buyers are encouraged to pay attention to these trends. Both **first-time buyers** and **investors** may find interesting opportunities as prices and offerings vary significantly not just by city but evenwithin neighborhoods.
With the upcoming months traditionally seeing a shift in the market, these sales could lay the groundwork for future trends and prices, making it a pivotal time to keep an eye on Wayne County real estate.
