48154 — Wayne County, Michigan Market Snapshot
Housing market data for zip code 48154 in Wayne County, Michigan. Updated monthly with median prices, days on market, and more.
Market Sales Data
88 sales in 2026 (year to date)
Median Sale Price
$378,750
Days to Sell
8
Homes Sold
88
Inventory
26
Sale-to-List
102.3%
New Listings
127
Price/SqFt
$216
Pending Sales
121
Conforming Loan Available
Most homebuyers in 48154 can comfortably use conventional financing. The median home price of $378,750 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
48154 is an extremely competitive market with homes selling in just 8 days on average. Buyers need pre-approval letters ready before making offers.
Sale-to-List Ratio
Homes in 48154 are selling 2.3% above asking price on average, signaling strong competition. Buyers should budget above list price.
Conforming Loan Feasibility
Most homebuyers in 48154 can comfortably use conventional financing. The median home price of $378,750 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 48154 are set at the county level.
2026 Loan Limits — Wayne County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 48154
To purchase the median home at $378,750 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $3,052.
Monthly Payment
$3,052
Income Required
$130,794
Principal & Interest
$2,334/mo
Down Payment (5%)
$18,938
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 48154.
Estimated Monthly Payment
$2,494
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