Is Wexford County, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wexford County is a seller's market

Buyer's
Market

Difference Since August 2021

Since last year, Wexford County has remained a Seller's Market.

Key Takeaway

Wexford County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Wexford County, MI cost?

Median Sold Price

$169,980

$114/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$6,380(+3.9%)

Key Takeaway

Homes in Wexford County have sold for 3.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $109.9K$139K
+26.4%
2 $112.5K$128.7K
+14.4%
3 $158.5K$174.9K
+10.4%
4 $220.5K$228.7K
+3.7%
5+ $215K$255K
+18.6%

Median Sold Price Compared To Nearby Counties

Osceola County
+19.2%
Grand Traverse County
+16.3%
Manistee County
+8.7%
Wexford County
+3.9%
Missaukee County
+1.2%

How many homes are available in Wexford County, MI?

Number of Homes For Sale

Jul 2022Aug 2022%
210229+9.0%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 22
0.0%
2 4246
+9.5%
3 112119
+6.3%
4 4653
+15.2%
5+ 89
+12.5%

Number of Homes Sold

Jul 2022Aug 2022%
5065+30.0%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

33 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wexford County, you could pay more than the asking price. 50.8% of homes here sold above asking price last month.

Average Sale Time

Aug 2021Aug 2022%
51 Days57 Days+11.4%

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

37 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Wexford County has remained consistent over time.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Wexford County, MI

Wexford County, MI has 229 homes for sale to choose from. The number of listings in Wexford County, MI increased by 9% between July 2022 and August 2022. In August 2022 median list price was $169,980 and the average listing age was 57 days. Listing prices have changed in this real estate market between July 2022 and August 2022: prices of 1 bedroom properties increased by 26.4%, 2 bedrooms properties prices increased by 14.4%, 3 bedrooms properties became 10.4% more expensive, 4 bedrooms properties became 3.7% more expensive, the cost of 5 bedrooms properties went up by 18.6%. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes stayed the same, the quantity of 2 bedrooms homes went up by 9.5%, number of 3 bedrooms homes increased by 6.3%, 4 bedrooms homes became 15.2% more available, 5 bedrooms homes inventory increased by 12.5%. In August 2022, from all listings sold in Wexford County, MI there were more than 33 sold above asking price, over 18 sold below and more than 14 were sold right at the asked price.

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