Is Warren, MI a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Warren is a seller's market


Difference Since February 2023

Since last year, Warren has remained a Seller's Market.

Key Takeaway

Warren is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Warren, MI

How much do homes in Warren, MI cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since February 2023


Key Takeaway

Homes in Warren have sold for 7.5% more than they did a year ago.

Summary: The median home sold price in Warren was $183,618 in February 2024, up 7.5% from last year, and the median price per square foot was $151.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $66.5K$96K
2 $105K$107.5K
3 $188.8K$209K
4 $235K$240K
5+ $267.4K$245K

Summary: Warren housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 44.4%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes decreased by 8.4%.

Median Sold Price Compared To Nearby Cities

Center Line

Housing Supply in Warren, MI

How many homes are available in Warren, MI?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE

Summary: The Warren real estate market had 349 homes for sale in February 2024, a 5.4% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 54
2 8581
3 237222
4 3634
5+ 68

Summary: The Warren housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 4.7%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE

Asking Price vs. Sold Price

37 Homes Were Sold
Under Asking

22 Homes Were Sold
At Asking

37 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Warren, you may be able to get a good deal. 38.5% of homes here sold below asking price last month.

Summary: A total of 96 homes were sold or pending in Warren in February 2024, down by 19.3% month-over-month. Of the 96 sold homes, 39% were sold under asking, 23% were sold at asking, and 39% were sold over asking.

Days on Market for Warren, MI

How long does it take to sell a home in Warren, MI?

Average Sale Time

Feb 2023Feb 2024CHANGE
76 Days25 Days-67.0%

Summary: Homes in Warren had an average of 25 days on market in Feb 2024, down by 67% compared to last year.

Breakdown of Home Sale Times

62 Homes Were Sold
Under 30 Days

29 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Warren are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 96 homes were sold in Warren; 65% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in Warren, MI

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