Is Wexford County, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wexford County is a neutral's market

Buyer's
Market

Difference Since November 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

$225,000

$142/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$25,575(+12.8%)

Key Takeaway

Homes in Wexford County have sold for 12.8% more than they did a year ago.

Summary: The median home sold price in Wexford County was $225,000 in November 2024, up 12.8% from last year, and the median price per square foot was $142.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $121K$130K
+7.4%
2 $157.9K$165K
+4.5%
3 $208.5K$225K
+7.9%
4 $265K$320K
+20.8%
5+ $270K$304.1K
+12.6%

Summary: Wexford County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.4%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 20.8%, and 5+ bedroom homes increased by 12.6%.

Median Sold Price Compared To Nearby Counties

Wexford County
+12.8%
Missaukee County
+11.4%
Osceola County
+10.9%
Grand Traverse County
+6.7%
Manistee County
0.3%

Housing Supply in Wexford County, MI

How many homes are available in Wexford County, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
186183-1.6%

Summary: The Wexford County real estate market had 183 homes for sale in November 2024, a 1.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 13
+200.0%
2 4444
0.0%
3 9492
-2.1%
4 3734
-8.1%
5+ 1010
0.0%

Summary: The Wexford County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 2.1%, 4 bedroom homes decreased by 8.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3230-6.3%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wexford County, you may be able to get a good deal. 48.3% of homes here sold below asking price last month.

Summary: A total of 30 homes were sold or pending in Wexford County in November 2024, down by 6.3% month-over-month. Of the 29 sold homes, 48% were sold under asking, 31% were sold at asking, and 21% 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

Nov 2023Nov 2024CHANGE
49 Days57 Days+14.8%

Summary: Homes in Wexford County had an average of 57 days on market in Nov 2024, up by 14.8% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Wexford County has remained consistent over time.

Summary: During November 2024, 30 homes were sold in Wexford County; 17% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.

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

Report Updated 21 Days Ago

Newest Listings in Wexford County, MI

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