$5,168 Closing Credit*
$435,165
2,281 SqFt
4 Beds
•2 Full Baths, 1 Partial
Scott Fader, Listing Office: M/I Homes of Michigan, LLC
Is White Lake, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, White Lake has remained a Seller's Market.
Key Takeaway
White Lake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in White Lake, MI
How much do homes in White Lake, MI cost?
Median Sold Price
$387,500
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$12,500(+3.3%)
Key Takeaway
Homes in White Lake have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in White Lake was $387,500 in November 2024, up 3.3% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $265K | $182K | -31.3% |
| 2 Bedrooms | $287K | $289.9K | +1.0% |
| 3 Bedrooms | $330.5K | $355K | +7.4% |
| 4 Bedrooms | $430K | $462.4K | +7.5% |
| 5+ Bedrooms | $485K | $505K | +4.1% |
Summary: White Lake housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.3%, 2 bedroom homes increased by 1%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 4.1%.
Median Sold Price Compared To Nearby Cities
| Commerce Township | $440K | $475K | +8.0% |
| Waterford | $248.7K | $266.1K | +7.0% |
| Commerce Charter Township | $363.7K | $379.6K | +4.4% |
| White Lake | $375K | $387.5K | +3.3% |
| White Lake Charter Township | $375K | $386.6K | +3.1% |
Housing Supply in White Lake, MI
How many homes are available in White Lake, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 129 | 111 | -14.0% |
Summary: The White Lake real estate market had 111 homes for sale in November 2024, a 14.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 17 | 12 | -29.4% |
| 3 Bedrooms | 52 | 45 | -13.5% |
| 4 Bedrooms | 48 | 41 | -14.6% |
| 5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The White Lake housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 29.4%, 3 bedroom homes decreased by 13.5%, 4 bedroom homes decreased by 14.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 39 | 20 | -48.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in White Lake, you may be able to get a good deal. 45% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in White Lake in November 2024, down by 48.7% month-over-month. Of the 20 sold homes, 45% were sold under asking, 10% were sold at asking, and 45% were sold over asking.
Days on Market for White Lake, MI
How long does it take to sell a home in White Lake, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 33 Days | 26 Days | -20.7% |
Summary: Homes in White Lake had an average of 26 days on market in Nov 2024, down by 20.7% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in White Lake are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 20 homes were sold in White Lake; 65% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 5% 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.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.