Ryan Wojan, Listing Office: smith realty GROUP
Is Wolverine, 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, Wolverine has remained a Seller's Market.
Key Takeaway
Wolverine is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wolverine, MI
How much do homes in Wolverine, MI cost?
Median Sold Price
$240,250
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$50,250(+26.4%)
Key Takeaway
Homes in Wolverine have sold for 26.4% more than they did a year ago.
Summary: The median home sold price in Wolverine was $240,250 in October 2024, up 26.4% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $215K | $272.4K | +26.7% |
| 2 Bedrooms | $172.5K | $204.5K | +18.6% |
| 3 Bedrooms | $188.5K | $370K | +96.3% |
| 4 Bedrooms | $240.5K | $268.2K | +11.5% |
| 5+ Bedrooms | - | $330K | N/A |
Summary: Wolverine housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.7%, 2 bedroom homes increased by 18.6%, 3 bedroom homes increased by 96.3%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes did not change.
Housing Supply in Wolverine, MI
How many homes are available in Wolverine, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Summary: The Wolverine real estate market had 8 homes for sale in October 2024, a 14.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Wolverine 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 remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Wolverine, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Wolverine in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Wolverine, MI
We’re sorry, we don't have information for this market at the moment
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