$80,000
20.00 Acres
Land
Blake Kenneth VerWoert, Listing Office: Wildlife Realty
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.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.
© 2024 Water Wonderland MLS, Inc © All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Water Wonderland MLS (WWLX). Real estate listings held by brokerage firms other than this broker are marked with the WWLX logo and the detailed information about said listing includes the listing office.The listings displayed come from various Water Wonderland Board of REALTORS® member offices who have chosen to participate in WWBR. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or Water Wonderland Board of REALTORS® shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.