Is Wexford County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Wexford County has remained a Seller's Market.
Housing Prices in Wexford County, MI
How much do homes in Wexford County, MI cost?
Median Sold Price
$216,800
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Wexford County was $216,800 in April 2024, up 28.4% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $47.5K | $125K | +163.1% |
2 Bedrooms | $140K | $160K | +14.3% |
3 Bedrooms | $180K | $223K | +23.9% |
4 Bedrooms | $182K | $279.9K | +53.8% |
5+ Bedrooms | $272K | $289.9K | +6.6% |
Summary: Wexford County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 163.1%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 23.9%, 4 bedroom homes increased by 53.8%, and 5+ bedroom homes increased by 6.6%.
Median Sold Price Compared To Nearby Counties
Wexford County | $168.9K | $216.8K | +28.4% |
Missaukee County | $183.7K | $215K | +17.0% |
Manistee County | $200K | $225.5K | +12.8% |
Osceola County | $155K | $167.9K | +8.3% |
Housing Supply in Wexford County, MI
How many homes are available in Wexford County, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
115 | 118 | +2.6% |
Summary: The Wexford County real estate market had 118 homes for sale in April 2024, a 2.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 6 | 0.0% |
2 Bedrooms | 23 | 26 | +13.0% |
3 Bedrooms | 56 | 55 | -1.8% |
4 Bedrooms | 17 | 19 | +11.8% |
5+ Bedrooms | 13 | 12 | -7.7% |
Summary: The Wexford County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 13%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes decreased by 7.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
23 | 29 | +26.1% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in Wexford County in April 2024, up by 26.1% month-over-month. Of the 29 sold homes, 48% were sold under asking, 10% were sold at asking, and 41% were sold over asking.
Days on Market for Wexford County, MI
How long does it take to sell a home in Wexford County, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
28 Days | 73 Days | +155.0% |
Summary: Homes in Wexford County had an average of 73 days on market in Apr 2024, up by 155% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 29 homes were sold in Wexford County; 24% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.