Is River Rouge, MI 48218 a buyer’s or seller’s market?

The River Rouge housing market right now

In the three months ending August 31, 2026, 22% of homes in River Rouge, MI 48218 sold above their list price, the typical home went under contract in 45 days and there were 5.9 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 19 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 25%, homes sold more slowly (26 days then) and the median sale price fell 9% to $100,457. Overall, River Rouge is less competitive than a year ago, which gives buyers more room.

Within Wayne County, homes here sell more slowly than in 80% of the county’s ZIP codes, and sell less often over asking than in 69%. On our competition score, River Rouge ranks #382 of 510 MI ZIP codes with enough sales (score 46 out of 100).

Nearby, buyers who want less competition could look at Dearborn 48120 (0% sold over asking) or Detroit 48201 (5% sold over asking), while Dearborn 48128 (72% sold over asking) and Livonia 48154 (59% sold over asking) are even more competitive.