Real Estate Market Update for Westland, MI

Video: Real Estate Community Tour for Westland, MI

See Real estate community tour for Westland, MI
Welcome to March's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of March. The number of active listings was down 4% from one year earlier, and up 5% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month was just over 60-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up more than 300%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 70-thousand dollars. The number of units sold increased 33% year-over-year, and increased 300% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Show Transcript
Map Information for Westland, MI
Area Information for Westland, MI
  • Population: 81,130
  • Median Age: 37.37 yr
  • Median Commute Time: 21.14 mins
  • Educational Climate*: 3
  • Sales Tax: 6%
  • Population Density: 3,972/sq mi
  • Population Change Since 2000: -6.29%
  • Closest Airport: Detroit Metropolitan Wayne County
  • Closest College: Madonna University
  • Closest Jr. College: Itt Technical Institute-canton
  • Median Household Income: $46,433
  • Annual Residential Turnover: 9.8%
  • Median Years in Residence: 3.72 yr
  • Median Home Sales Price: $65,000
  • Closest Major Sports Team: Detroit Red Wings
  • Change Avg. Household Income Since 2000: 0%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Westland, MI
Median Age: 37.37 Married: 29% Number of Households: 36,582 Households with Children: 11,095
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Westland, MI

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Wildwood Elementary School 0.1 mi Public K-4 2-5 4
      John Marshall Upper Elementary School 0.7 mi Public 4-6 2 3
      John Glenn High School 0.8 mi Public 9-12 2-5 3
      Alexander Hamilton Elementary School 0.9 mi Public K-4 2 4
      Tinkham Alternative Education 1.0 mi Public 9-12 1 4
      Wayne-westland Adult And Community Education 1.0 mi Public 9-12 0 0
      William Ford Career Tech Center 1.0 mi Public 11-12 0 0
      St Matthew Lutheran School 1.1 mi Private PRESCHOOL-8 0 4
      Thomas A. Edison Elementary School 1.2 mi Public K-4 2 4
      Westland Christian Academy 1.3 mi Private K-12 0 0
      Adams Upper Elementary School 1.4 mi Public 5-6 1 3
      St John's Lutheran School 1.7 mi Private K-8 0 0
      Lutheran High School-westland 2.0 mi Private 9-12 0 5
      Huron Valley Lutheran High School 2.0 mi Private 9-12 0 4
      Eugene B. Elliott Elementary School 2.0 mi Public K-4 1 4
      American International Acdemy 2.1 mi Public K-5 0 1
      Albert Schweitzer Elementary School 2.1 mi Public K-4 1 5
      Adlai Stevenson Middle School 2.4 mi Public 7-8 2 3
      P.d. Graham Elementary School 2.4 mi Public K-4 3-5 5
      W.w. Wayne Skill Center 2.5 mi Public UNGRADE-UNGRADE 0 0
      Hayes Elementary School 2.8 mi Public K-4 4 5
      Johnson Upper Elementary School 3.1 mi Public 5-6 3-5 4
      St Damian School 3.5 mi Catholic PRESCHOOL-8 4-5 4
      Cooper Upper Elementary School 3.8 mi Public 5-6 3-5 4
      Universal Learning Academy 4.2 mi Public PRESCHOOL-9 2 4
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2015
      Local Weather for Westland, MI
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.