Is Wexford County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Wexford County was a Neutral Market.
Housing Prices in Wexford County, MI
How much do homes in Wexford County, MI cost?
Median Sold Price
$215,537
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Wexford County was $215,537 in March 2024, up 26.8% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $47.5K | $125K | +163.1% |
2 Bedrooms | $141.7K | $155.5K | +9.7% |
3 Bedrooms | $180K | $223K | +23.9% |
4 Bedrooms | $188K | $280.4K | +49.2% |
5+ Bedrooms | $272K | $289.9K | +6.6% |
Summary: Wexford County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 163.1%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 23.9%, 4 bedroom homes increased by 49.2%, and 5+ bedroom homes increased by 6.6%.
Median Sold Price Compared To Nearby Counties
Wexford County | $169.9K | $215.5K | +26.8% |
Missaukee County | $183.7K | $215K | +17.0% |
Manistee County | $200K | $225.5K | +12.8% |
Osceola County | $155K | $165.5K | +6.8% |
Housing Supply in Wexford County, MI
How many homes are available in Wexford County, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
108 | 117 | +8.3% |
Summary: The Wexford County real estate market had 117 homes for sale in March 2024, a 8.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 6 | +50.0% |
2 Bedrooms | 28 | 23 | -17.9% |
3 Bedrooms | 47 | 57 | +21.3% |
4 Bedrooms | 16 | 17 | +6.3% |
5+ Bedrooms | 13 | 14 | +7.7% |
Summary: The Wexford County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 17.9%, 3 bedroom homes increased by 21.3%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
25 | 22 | -12.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Wexford County in March 2024, down by 12.0% month-over-month. Of the 22 sold homes, 64% were sold under asking, 14% were sold at asking, and 23% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
83 Days | 113 Days | +36.4% |
Summary: Homes in Wexford County had an average of 113 days on market in Mar 2024, up by 36.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During March 2024, 22 homes were sold in Wexford County; 18% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 59% of homes were sold over 90 days.