The median sales price of homes in metro Detroit rose 3.4 percent in October compared to October 2024 but lost some traction from the ground gained in September, according to the latest REMAX of Southeastern Michigan Housing Report.
The median sales price in October was $315,500 versus $305,000 a year ago. However, the figure was $327,500 in September.
At the same time, home sales in the region jumped to 4,162 from 4,069 dwellings in September, but that, too, was off the pace from 4,326 in October 2024.
“October saw a modest increase in home sales compared to September, suggesting some buyers took advantage of lower interest rates and a growing number of listings,” says Jeanette Schneider, president of REMAX of Southeastern Michigan in Troy.
“With more homes on the market, sellers need to price and present their property competitively from the start to attract buyers. As the market continues to adjust, we anticipate a more balanced environment emerging to finish the year.”
Wayne County led the way in percentage price increase during October, going to $210,000 from $194,900 a year ago for an 8.2 percent bump. Detroit (4.4 percent) and Macomb County (4.3 percent) were next. The Detroit median home sale price was 90,500, compared to 89,900 a year ago and in Macomb County, the price tag was $266,000, up from 255,000. Oakland County showed a 2.8 percent increase while Livingston County dipped 4.9 percent.
Macomb County posted the only sales increase with 974 transactions in October 2025 compared to 951 in October 2024, an increase of 2.4 percent. Sales in Detroit were down 19.8 percent, 7.8 percent in Livingston County, 6.4 percent in Wayne County despite posting the most transactions (1,596), and 4.2 percent in Oakland County.
Additional highlights from the REMAX report include:
- Average days on market: 28 days – one day less than last year.
- Months’ supply of inventory: 3 months – up 15 percent from 2.6 months last year.
- Pending sales: down 0.5 percent year-over-year.
