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 October 2021

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

$309,949

$186/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

-$5,050(-1.6%)

Key Takeaway

Homes in Wixom have sold for 1.6% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $62.5K-
N/A
2 $216K$252.4K
+16.9%
3 $345K$301K
-12.8%
4 $399.9K$419.5K
+4.9%
5+ $368.5K$350K
-5.0%

Median Sold Price Compared To Nearby Cities

Milford Charter Township
+8.4%
Commerce Township
+8.1%
Novi
+7.3%
Commerce Charter Township
+3.7%
Wixom
-1.6%

How many homes are available in Wixom, MI?

Number of Homes For Sale

Sep 2022Oct 2022%
2421-12.5%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 56
+20.0%
3 128
-33.3%
4 66
0.0%
5+ 11
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
127-41.7%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

4 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. 57.1% of homes here sold above asking price last month.

Average Sale Time

Oct 2021Oct 2022%
6 Days29 Days+350.5%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were 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.

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

About Wixom, MI

Wixom, MI has 21 homes for sale to choose from. The number of listings in Wixom, MI decreased by 12.5% between September 2022 and October 2022. While the average time on the market in October 2022 was 29 days, the median list price was $309,949. Real estate listing prices changed between September 2022 and October 2022: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went up by 16.9%, prices of 3 bedrooms properties decreased by 12.8%, prices of 4 bedrooms properties increased by 4.9%, 5 bedrooms properties became 5% more cheaper. The following changes in the number of homes for sale were observed in this housing market: the quantity of 1 bedroom homes have not changed, the quantity of 2 bedrooms homes went up by 20%, volume of 3 bedrooms homes went down by 33.3%, number of 4 bedrooms homes remained the same, number of 5 bedrooms homes remained the same. Wixom, MI housing market in October 2022 saw over 4 listings sold above listed price, more than 0 sold at listed price and over 3 sold below.

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