Is Woodhaven, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$255,950
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Woodhaven have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in Woodhaven was $255,950 in April 2024, up 8.9% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $164.5K | $175K | +6.4% |
| 3 Bedrooms | $244.5K | $266K | +8.8% |
| 4 Bedrooms | $273.2K | $291K | +6.5% |
| 5+ Bedrooms | $266.8K | $254.9K | -4.5% |
Summary: Woodhaven housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes decreased by 4.5%.
Median Sold Price Compared To Nearby Cities
| Woodhaven | $235K | $255.9K | +8.9% |
| Brownstown Charter Township | $275.1K | $295K | +7.2% |
| Trenton | $215.7K | $225K | +4.3% |
| Riverview | $205K | $190K | -7.3% |
Housing Supply in Woodhaven, MI
How many homes are available in Woodhaven, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 25 | +31.6% |
Summary: The Woodhaven real estate market had 25 homes for sale in April 2024, a 31.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 12 | 13 | +8.3% |
| 4 Bedrooms | 3 | 8 | +166.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Woodhaven housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 166.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 6 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Woodhaven, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Woodhaven in April 2024, down by 33.3% month-over-month. Of the 6 sold homes, 17% were sold under asking, 0% were sold at asking, and 83% 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
6 Homes Were Sold
Under 30 Days
0 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 April 2024, 6 homes were sold in Woodhaven; 100% of homes were sold within 30 days, 0% 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. Copyright MiRealSource.