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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Woodhaven is a seller's market

Buyer's
Market

Difference Since November 2021

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

Key Takeaway

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

How much do homes in Woodhaven, MI cost?

Median Sold Price

$235,940

$159/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$20,940(+9.7%)

Key Takeaway

Homes in Woodhaven have sold for 9.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 --
N/A
2 $150K$172.5K
+15.0%
3 $215K$250K
+16.3%
4 $281K$265K
-5.7%
5+ $310K$266.8K
-13.9%

Median Sold Price Compared To Nearby Cities

Riverview
+12.4%
Woodhaven
+9.7%
Brownstown Charter Township
+7.9%
Trenton
+3.0%

How many homes are available in Woodhaven, MI?

Number of Homes For Sale

Oct 2022Nov 2022%
5247-9.6%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 1310
-23.1%
3 2525
0.0%
4 1412
-14.3%
5+ 00
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
1315+15.4%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Woodhaven, you could pay more than the asking price. 53.3% of homes here sold above asking price last month.

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

About Woodhaven, MI

Woodhaven, MI has 47 homes on the market. In November 2022 in Woodhaven, MI there were 9.6% less homes for sale than in October 2022. This housing market listing prices have changed between October 2022 and November 2022: 1 bedroom properties became 0% more expensive, prices of 2 bedrooms properties increased by 15%, prices of 3 bedrooms properties increased by 16.3%, the cost of 4 bedrooms properties went down by 5.7%, 5 bedrooms properties prices decreased by 13.9%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes inventory did not change, the quantity of 2 bedrooms homes went down by 23.1%, number of 3 bedrooms homes remained the same, number of 4 bedrooms homes decreased by 14.3%, 5 bedrooms homes inventory did not change. While more than 8 listings in Woodhaven, MI in November 2022 were sold above asking price, there were more than 3 listings sold at asking price, and more than 4 were sold below.

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