$4,097 Closing Credit*
$345,000
1,499 SqFt
3 Beds
•2 Full Baths, 1 Partial
Taleya Kelly, Listing Office: Keller Williams Realty-Great Lakes
Is Wixom, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Wixom has remained a Seller's Market.
Key Takeaway
Wixom is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wixom, MI
How much do homes in Wixom, MI cost?
Median Sold Price
$350,000
$209/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since October 2023.
Key Takeaway
The sold price of homes in Wixom has remained the same since last year.
Summary: The median home sold price in Wixom was $350,000 in October 2024, the same as last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $213K | $71.2K | -66.5% |
| 2 Bedrooms | $247.5K | $251K | +1.4% |
| 3 Bedrooms | $328K | $338.5K | +3.2% |
| 4 Bedrooms | $462K | $502.2K | +8.7% |
| 5+ Bedrooms | $395K | $644.9K | +63.3% |
Summary: Wixom housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 66.5%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 63.3%.
Median Sold Price Compared To Nearby Cities
| Novi | $427.5K | $468.8K | +9.7% |
| Commerce Charter Township | $355.5K | $370.8K | +4.3% |
| Commerce Township | $440K | $456.8K | +3.8% |
| Wixom | $350K | $350K | 0.0% |
Housing Supply in Wixom, MI
How many homes are available in Wixom, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 52 | 51 | -1.9% |
Summary: The Wixom real estate market had 51 homes for sale in October 2024, a 1.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 12 | 16 | +33.3% |
| 3 Bedrooms | 17 | 16 | -5.9% |
| 4 Bedrooms | 18 | 15 | -16.7% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Wixom housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 13 | -23.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wixom, you may be able to get a good deal. 38.5% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Wixom in October 2024, down by 23.5% month-over-month. Of the 13 sold homes, 38% were sold under asking, 23% were sold at asking, and 38% were sold over asking.
Days on Market for Wixom, MI
How long does it take to sell a home in Wixom, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 44 Days | +96.4% |
Summary: Homes in Wixom had an average of 44 days on market in Oct 2024, up by 96.4% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wixom are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 13 homes were sold in Wixom; 69% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 15% 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.