$3,206 Closing Credit*
$270,000
1,427 SqFt
2 Beds
•2 Full Baths, 1 Partial
Jim Shaffer, Listing Office: Good Company
Is Wixom, 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, 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
$356,000
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$6,000(+1.7%)
Key Takeaway
Homes in Wixom have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in Wixom was $356,000 in November 2024, up 1.7% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $213K | $71.2K | -66.5% |
| 2 Bedrooms | $235K | $255K | +8.5% |
| 3 Bedrooms | $330K | $340K | +3.0% |
| 4 Bedrooms | $472.8K | $503.7K | +6.5% |
| 5+ Bedrooms | $411.5K | $607.4K | +47.6% |
Summary: Wixom housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 66.5%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 47.6%.
Median Sold Price Compared To Nearby Cities
| Novi | $426K | $475K | +11.5% |
| Commerce Township | $440K | $475K | +8.0% |
| Commerce Charter Township | $363.7K | $379.6K | +4.4% |
| Wixom | $350K | $356K | +1.7% |
Housing Supply in Wixom, MI
How many homes are available in Wixom, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 48 | 43 | -10.4% |
Summary: The Wixom real estate market had 43 homes for sale in November 2024, a 10.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 15 | 13 | -13.3% |
| 3 Bedrooms | 14 | 12 | -14.3% |
| 4 Bedrooms | 15 | 14 | -6.7% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Wixom housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 13.3%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 10 | -23.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 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. 50% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Wixom in November 2024, down by 23.1% month-over-month. Of the 10 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 7 Days | 16 Days | +130.0% |
Summary: Homes in Wixom had an average of 16 days on market in Nov 2024, up by 130% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 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 November 2024, 10 homes were sold in Wixom; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.