Romulus, MI housing update: softer prices, slower sales pace, rates under 6%
Romulus, MI – February 26, 2026 – Median sale price is about $190K with longer market times; 30-year mortgage rates register 5.98% as listings remain broad.
Romulus is heading into the spring season with a cooler pricing trend, a slightly slower time-to-sell, and mortgage rates slipping back below 6%. Recent January 2026 market data points to more negotiating room on many listings, even as monthly sales activity improved modestly from last year.
Key numbers (Jan 2026)
- Median sale price: about $190K, down 9.52% year over year.
- Time on market: 51 days on average, roughly 5 days longer than a year ago.
- Homes sold: 15 sales in January, up from 13 a year earlier.
- Active listings: about 109 homes for sale.
Market snapshot
Redfin describes the market as somewhat competitive, with many homes still taking weeks to go pending. For buyers, that pace can translate into added flexibility during tours and negotiations. For sellers, it can mean pricing strategy and presentation matter more than they did in faster periods.
Rates to watch
Freddie Mac’s weekly survey shows the 30-year fixed mortgage rate at 5.98% (15-year: 5.44%) as of 02/26/2026. Even small rate moves can change monthly payments, so this dip is worth monitoring if financing is part of the plan.