Home prices in metro Detroit rose 10.4 percent in January compared to the same period in 2024, with properties in Macomb County leading the way in several categories, according to the latest RE/MAX of Southeastern Michigan Housing Report.
Prices increased 10.6 percent, from $235,000 to $260,000, in Macomb County, as did sales, from 479 in January 2024 to 512 last month. Macomb County houses spent 8.3 percent less, or three fewer days (36 vs. 39), on the market in January of 2025 compared to January 2024.
Home prices jumped 10.2 percent in Oakland County, from $331,250 to $365,000, from January 2024 to January 2025. They increased 5.6 percent in Livingston County ($384,950 to $406,500) and 2.3 percent in Wayne County ($170,000 to $173,950) from January 2024 to 2025.
Home values in the city of Detroit increased 12.7 percent, from $75,000 to $84,500, over the same period.
Home sales in the region dipped slightly in January, down 2.8 percent year-over-year, a trend primarily due to the ongoing challenges of low housing inventory, according to RE/MAX.
Although home sales in increased Macomb and Livingston (2 percent) counties, they dipped 6.7 percent in Wayne, 4.5 percent in Oakland, and 7.4 percent in Detroit.
Home sellers during the winter months are going to require patience as properties are spending more time with a sign on the front lawn than a year ago, according to RE/MAX. After Macomb County’s 39 days, homes in Oakland County are spending 40 days on the market (a 17.6 percent increase), Wayne County, 43 days (26.5 percent); Livingston County, 44 days (same as last year); and Detroit, 56 days (24.4 percent).
“While the winter months are typically a slower time of year for home sales in southeast Michigan, savvy buyers are seizing the opportunity to be active in the market,” says Jeanette Schneider, president of RE/MAX of Southeastern Michigan in Troy.
“With less competition in the market, now is a good time to be out looking for a home before the spring rush begins. However, affordability is a challenge as the persistent lack of inventory continues to push home prices higher.”
