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Featured local agent — Romulus, MI
Sarah Mitchell
Compass Real Estate · Romulus, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Romulus, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$250,000median sale price
How is the Romulus, MI housing market right now?
The median home sale price in Romulus, MI is $250,000, up 16.1% year-over-year. Homes sell in an average of 19 days with 53 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Romulus a buyer's or seller's market?
Romulus, MI is currently a seller's market, based on 3.5 months of supply and homes selling in about 19 days. How we determine this →
Homes sold
15
Last 12 weeks
Days on market
19
Fast-moving
Active listings
53
3.5 months supply
Sale-to-list
100.2%
Above asking
What does the Romulus housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $250,000 |
| Median list price | $229,900 |
| Year-over-year price change | +16.1% |
| Average days on market | 19 days |
| Active inventory | 53 listings |
| Months of supply | 3.5 months |
| Sale-to-list price ratio | 100.2% |
| Median price per sq ft | $161/sq ft |
| Homes sold (latest month) | 15 |
| New listings (latest month) | 31 |
| Listings with a price cut | 30.2% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Romulus by property type?
How the Romulus, MI market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $205,000 | $155/sq ft | 13 | 19 days |
| Condo / Co-op | $301,450 | $224/sq ft | 2 | 78 days |
Source: Redfin · Updated monthly
The Romulus housing market is currently classified as a seller's market with a median sale price of $250,000. Prices have risen 16.1% compared to last year, with homes spending an average of 19 days on market, indicating 3.5 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 2.9x provides context for how home values compare to local earning capacity.
Homes for sale in Romulus
There are currently 53 homes listed for sale in Romulus, Michigan. The median listing price is $230K.
Active listings
53
Homes on market
Median list price
$230K
Avg. days on market
19
Days until sale
New this week
31
Newly listed
Who lives in Romulus?
Population
24,951
Median income
$72,235/yr
Median age
35.5 years
Owner-occupied
70.8%
College grads
17.8%
Avg commute
25.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Romulus?
Zillow home value
$209,775
Zillow rent index
$1,195/mo
Price-to-rent ratio
14.6x
Price-to-income
2.9x
Source: Zillow Research
What is it like to live in Romulus?
Romulus is a community of approximately 25K residents with a median age of 35.5 years.The median household income is $72,235, which represents a working-class community with solid middle-income opportunities. 17.8% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 70.8%, reflecting strong community stability and long-term resident commitment. The average commute time is 25.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Romulus offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Romulus?
13 schools tracked · 5,029 students
The largest public schools serving Romulus, MI by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Brownstown Middle School
Grades 6-7 · 850 students
Summit Academy North Elementary School
Grades K-5 · 614 students
Romulus Senior High School
Grades 9-12 · 576 students
Summit Academy North High School
Grades 9-12 · 562 students
Metro Charter Academy
Grades K-8 · 464 students
Romulus Middle School
Grades 6-8 · 449 students
Summit Academy North Middle School
Grades 6-8 · 409 students
Wick Elementary School
Grades K-5 · 280 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Romulus, MI?
Want a head-to-head view? Compare Romulus side-by-side with any other U.S. city using our market-comparison tool.
Is Romulus a good real estate investment market?
For investors evaluating Romulus, the price-to-rent ratio of 14.6x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has appreciated 16.1% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Romulus's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Romulus's median home price.
Frequently asked questions
What is the average home price in Romulus?
The median home sale price in Romulus is $250,000, up 16.1% from last year.
How long do homes stay on market in Romulus?
Homes typically spend 19 days on market before going under contract.
What is the median income in Romulus?
The median household income is $72,235 per year.
Is Romulus a buyer's or seller's market?
With 3.5 months of supply, Romulus is currently a seller's market.
What is the Zillow home value estimate for Romulus?
The Zillow Home Value Index (ZHVI) for Romulus is $209,775, representing the typical home value in the area.
What is the median condo price in Romulus?
The median condo/co-op sale price in Romulus, MI is $301,450, compared to $205,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Romulus?
The median single-family home price in Romulus, MI is $205,000 (about $155 per square foot).
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