$250,000
0.85 Acres
Land
Ben Street, Listing Office: Coldwell Banker Schmidt Traverse City
Is Wexford County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Wexford County was a Seller's Market.
Key Takeaway
Wexford County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Wexford County, MI
How much do homes in Wexford County, MI cost?
Median Sold Price
$223,250
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$21,250(+10.5%)
Key Takeaway
Homes in Wexford County have sold for 10.5% more than they did a year ago.
Summary: The median home sold price in Wexford County was $223,250 in October 2024, up 10.5% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | $130K | +4.0% |
| 2 Bedrooms | $157.9K | $166K | +5.1% |
| 3 Bedrooms | $208K | $221.5K | +6.5% |
| 4 Bedrooms | $275K | $300K | +9.1% |
| 5+ Bedrooms | $280K | $284.9K | +1.8% |
Summary: Wexford County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 1.8%.
Median Sold Price Compared To Nearby Counties
| Wexford County | $202K | $223.2K | +10.5% |
| Osceola County | $165K | $180K | +9.1% |
| Missaukee County | $210.2K | $226.9K | +7.9% |
| Grand Traverse County | $409K | $424.9K | +3.9% |
| Manistee County | $224.5K | $225K | 0.2% |
Housing Supply in Wexford County, MI
How many homes are available in Wexford County, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 154 | 189 | +22.7% |
Summary: The Wexford County real estate market had 189 homes for sale in October 2024, a 22.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 40 | 46 | +15.0% |
| 3 Bedrooms | 69 | 95 | +37.7% |
| 4 Bedrooms | 31 | 35 | +12.9% |
| 5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The Wexford County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 37.7%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 28 | -6.7% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wexford County, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in Wexford County in October 2024, down by 6.7% month-over-month. Of the 28 sold homes, 57% were sold under asking, 18% were sold at asking, and 25% were sold over asking.
Days on Market for Wexford County, MI
How long does it take to sell a home in Wexford County, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 53 Days | 65 Days | +23.0% |
Summary: Homes in Wexford County had an average of 65 days on market in Oct 2024, up by 23% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Wexford County has remained consistent over time.
Summary: During October 2024, 28 homes were sold in Wexford County; 21% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
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