$2,138 Closing Credit*
$180,000
1,248 SqFt
2 Beds
•2 Full Baths
Jeff Glover, Listing Office: KW Professionals
Is Woodhaven, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
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.
Housing Prices in Woodhaven, MI
How much do homes in Woodhaven, MI cost?
Median Sold Price
$260,000
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$16,500(+6.8%)
Key Takeaway
Homes in Woodhaven have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in Woodhaven was $260,000 in September 2024, up 6.8% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $162K | $177.4K | +9.5% |
| 3 Bedrooms | $257K | $264K | +2.7% |
| 4 Bedrooms | $270.7K | $350K | +29.3% |
| 5+ Bedrooms | $254.9K | - | N/A |
Summary: Woodhaven housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 29.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Brownstown Charter Township | $275K | $300K | +9.1% |
| Woodhaven | $243.5K | $260K | +6.8% |
| Trenton | $225K | $235K | +4.4% |
| Riverview | $200K | $200K | 0.0% |
Housing Supply in Woodhaven, MI
How many homes are available in Woodhaven, MI?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 32 | 33 | +3.1% |
Summary: The Woodhaven real estate market had 33 homes for sale in September 2024, a 3.1% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 7 | +133.3% |
| 3 Bedrooms | 21 | 18 | -14.3% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Woodhaven housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 133.3%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 8 | 14 | +75.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Woodhaven, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in Woodhaven in September 2024, up by 75.0% month-over-month. Of the 14 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.
Days on Market for Woodhaven, MI
How long does it take to sell a home in Woodhaven, MI?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 16 Days | 20 Days | +21.8% |
Summary: Homes in Woodhaven had an average of 20 days on market in Sep 2024, up by 21.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Woodhaven are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 14 homes were sold in Woodhaven; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.