Is White Lake, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing White Lake is a seller's market

Buyer's
Market

Difference Since May 2021

Since last year, White Lake has remained a Seller's Market.

Key Takeaway

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

How much do homes in White Lake, MI cost?

Median Sold Price

$317,666

$188/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2021

+$17,860(+6.0%)

Key Takeaway

Homes in White Lake have sold for 6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2021May 2022%
1 $147.2K$178.3K
+21.1%
2 $175K$201.5K
+15.1%
3 $255K$300K
+17.6%
4 $355K$402.5K
+13.4%
5+ $399.9K$496.5K
+24.1%

Median Sold Price Compared To Nearby Cities

Commerce Township
+17.9%
Commerce Charter Township
+14.2%
Waterford
+10.4%
White Lake
+6.0%
White Lake Charter Township
+5.8%

How many homes are available in White Lake, MI?

Number of Homes For Sale

Apr 2022May 2022%
91109+19.8%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 00
0.0%
2 1417
+21.4%
3 4044
+10.0%
4 3243
+34.4%
5+ 55
0.0%

Number of Homes Sold

Apr 2022May 2022%
2427+12.5%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in White Lake, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.

Average Sale Time

May 2021May 2022%
15 Days12 Days-21.3%

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in White Lake are selling fast, if you're buying plan to act quickly.

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

About White Lake, MI

Homes for sale in White Lake, MI have reached 109. Between April 2022 and May 2022, White Lake, MI real estate market has seen increase in the number of listings by 19.8%. Listings spent 12 days on the market in May 2022, and had a median list price of $317,666 during the same period. Real estate listing prices changed between April 2022 and May 2022: 1 bedroom properties prices increased by 21.1%, 2 bedrooms properties became 15.1% more expensive, 3 bedrooms properties became 17.6% more expensive, prices of 4 bedrooms properties increased by 13.4%, 5 bedrooms properties became 24.1% more expensive. Volume of homes for sale changed: 1 bedroom homes inventory did not change, volume of 2 bedrooms homes went up by 21.4%, number of 3 bedrooms homes increased by 10%, 4 bedrooms homes inventory increased by 34.4%, 5 bedrooms homes did not move. White Lake, MI housing market in May 2022 saw over 12 listings sold above listed price, more than 8 sold at listed price and over 7 sold below.

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