Is Wexford County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 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
$212,600
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Wexford County was $212,600 in February 2024, up 25.1% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $47.5K | $125K | +163.1% |
2 Bedrooms | $140K | $155.5K | +11.1% |
3 Bedrooms | $180K | $223K | +23.9% |
4 Bedrooms | $201.5K | $280.4K | +39.2% |
5+ Bedrooms | $272K | $289.9K | +6.6% |
Summary: Wexford County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 163.1%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 23.9%, 4 bedroom homes increased by 39.2%, and 5+ bedroom homes increased by 6.6%.
Median Sold Price Compared To Nearby Counties
Wexford County | $169.9K | $212.6K | +25.1% |
Manistee County | $200K | $219.2K | +9.6% |
Osceola County | $155K | $168.4K | +8.6% |
Grand Traverse County | $389.8K | $406.8K | +4.4% |
Housing Supply in Wexford County, MI
How many homes are available in Wexford County, MI?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
109 | 109 | 0.0% |
Summary: The Wexford County real estate market had 109 homes for sale in February 2024, the same as January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 29 | 28 | -3.4% |
3 Bedrooms | 53 | 47 | -11.3% |
4 Bedrooms | 13 | 17 | +30.8% |
5+ Bedrooms | 11 | 13 | +18.2% |
Summary: The Wexford County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 3.4%, 3 bedroom homes decreased by 11.3%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
24 | 24 | 0.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Wexford County in February 2024, the same as the previous month. Of the 23 sold homes, 52% were sold under asking, 13% were sold at asking, and 35% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
87 Days | 96 Days | +11.1% |
Summary: Homes in Wexford County had an average of 96 days on market in Feb 2024, up by 11.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During February 2024, 24 homes were sold in Wexford County; 17% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 42% of homes were sold over 90 days.