Is Wixom, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wixom is a seller's market

Buyer's
Market

Difference Since November 2020

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

Key Takeaway

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

How much do homes in Wixom, MI cost?

Median Sold Price

$315,157

$172/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2020

+$50,157(+18.9%)

Key Takeaway

Homes in Wixom have sold for 18.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2020Nov 2021%
1 $51.7K$62.5K
+20.8%
2 $181K$219K
+21.0%
3 $250K$331.1K
+32.4%
4 $349.9K$409K
+16.9%
5+ $352.5K$368.5K
+4.5%

Median Sold Price Compared To Nearby Cities

Wixom
+18.9%
Commerce Township
+17.4%
Milford Charter Township
+15.7%
Novi
+12.3%
Commerce Charter Township
+10.3%

How many homes are available in Wixom, MI?

Number of Homes For Sale

Oct 2021Nov 2021%
3125-19.4%

Homes For Sale By Bedroom Count

# BEDSOct 2021Nov 2021%
1 00
0.0%
2 96
-33.3%
3 1616
0.0%
4 63
-50.0%
5+ 00
0.0%

Number of Homes Sold

Oct 2021Nov 2021%
813+62.5%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wixom, you could pay more than the asking price. 69.2% of homes here sold above asking price last month.

Average Sale Time

Nov 2020Nov 2021%
30 Days24 Days-18.4%

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

About Wixom, MI

There are 25 homes are for sale in Wixom, MI real estate market. The number of listings in Wixom, MI decreased by 19.4% between October 2021 and November 2021. In November 2021, listings were on the market for 24 days. During the same period, the median list price in this real estate market was $315,157. Real estate listing prices changed between October 2021 and November 2021: 1 bedroom properties prices increased by 20.8%, the cost of 2 bedrooms properties went up by 21%, 3 bedrooms properties became 32.4% more expensive, prices of 4 bedrooms properties increased by 16.9%, prices of 5 bedrooms properties increased by 4.5%. This housing market inventory have changed: volume of 1 bedroom homes stayed the same, the quantity of 2 bedrooms homes went down by 33.3%, volume of 3 bedrooms homes stayed the same, number of 4 bedrooms homes decreased by 50%, the quantity of 5 bedrooms homes have not changed. While more than 9 listings in Wixom, MI in November 2021 were sold above asking price, there were more than 2 listings sold at asking price, and more than 2 were sold below.

Related Housing Market Reports