Is Woodhaven, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Woodhaven has remained a Seller's Market.
Housing Prices in Woodhaven, MI
How much do homes in Woodhaven, MI cost?
Median Sold Price
$255,000
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Woodhaven was $255,000 in March 2024, up 8.1% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $167.4K | $171K | +2.1% |
3 Bedrooms | $247K | $265K | +7.3% |
4 Bedrooms | $268.7K | $290.5K | +8.1% |
5+ Bedrooms | $266.8K | $254.9K | -4.5% |
Summary: Woodhaven housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.1%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes decreased by 4.5%.
Median Sold Price Compared To Nearby Cities
Woodhaven | $235.9K | $255K | +8.1% |
Trenton | $215K | $225K | +4.6% |
Brownstown Charter Township | $278.7K | $287.5K | +3.1% |
Riverview | $200K | $190K | -5.0% |
Housing Supply in Woodhaven, MI
How many homes are available in Woodhaven, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 20 | +5.3% |
Summary: The Woodhaven real estate market had 20 homes for sale in March 2024, a 5.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 5 | +25.0% |
3 Bedrooms | 13 | 12 | -7.7% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Woodhaven housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 9 | +125.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Woodhaven in March 2024, up by 125.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 0% were sold at asking, and 56% were sold over asking.
Days on Market for Woodhaven, MI
How long does it take to sell a home in Woodhaven, MI?
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 9 homes were sold in Woodhaven; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.