The Downtown Romulus housing market is somewhat competitive. The median sale price of a home in Downtown Romulus was $144K last month, down 4.3% since last year. The median sale price per square foot in Downtown Romulus is $158, up 30.6% since last year.
What is the housing market like in Downtown Romulus today?
In March 2024, Downtown Romulus home prices were down 4.3% compared to last year, selling for a median price of $144K. On average, homes in Downtown Romulus sell after 54 days on the market compared to 43 days last year. There were 4 homes sold in March this year, down from 6 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$144,475
-4.3% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Downtown Romulus, MI
$144,475
-4.3%
United States
To compare other locations to the Downtown Romulus and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Romulus add value to a home.
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How hot is the Downtown Romulus housing market?
Downtown Romulus is somewhat competitive. Homes sell in 12 days.
0
100
64
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 12 months
Some homes get multiple offers.
The average homes sell for about 4% below list price and go pending in around 12 days.
Hot homes
can sell for about 4% above list price and go pending in around 6 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Downtown Romulus housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Downtown Romulus.
Risk Factor
Flood Factor - Minor
10% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Downtown Romulus has a minor risk of flooding. 46 properties in Downtown Romulus are likely to be
severely affected
by flooding over the next 30 years. This represents 10% of all properties in Downtown Romulus. Flood risk is increasing at the same pace as the national average.
19% of properties are at risk of wildfire over the next 30 years
Fire Factor
Downtown Romulus has a minor risk of wildfire. There are 168 properties in Downtown Romulus that have some risk of being affected by wildfire over the next 30 years. This represents 19% of all properties in Downtown Romulus.
Downtown Romulus has minimal risk of severe winds over the next 30 years
Wind Factor
Downtown Romulus has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.
99% of properties are at moderate
risk of heat over the next 30 years
Heat Factor
Downtown Romulus has a moderate risk from heat. This is due to
"feels like" temperatures
increasing, and because 99% of homes in Downtown Romulus have a Moderate Heat Factor®.
Downtown Romulus is expected to see a 128% increase in the number of days over 97ºF over the next 30 years. Downtown Romulus is expected to experience 8