$10,000 Closing Credit*
$899,000
2,360 SqFt
3 Beds
•3 Full Baths
Fadia Awdish, Listing Office: RE/MAX Classic
Is Wolverine 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, Wolverine Lake has remained a Buyer's Market.
Key Takeaway
Wolverine Lake is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Wolverine Lake, MI
How much do homes in Wolverine Lake, MI cost?
Median Sold Price
$295,000
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,000(+1.7%)
Key Takeaway
Homes in Wolverine Lake have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in Wolverine Lake was $295,000 in November 2024, up 1.7% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $210K | $241.5K | +15.0% |
| 3 Bedrooms | $287.5K | $295K | +2.6% |
| 4 Bedrooms | $460K | $485K | +5.4% |
| 5+ Bedrooms | - | $1.5M | N/A |
Summary: Wolverine Lake housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Walled Lake | $265K | $290K | +9.4% |
| Commerce Charter Township | $363.7K | $379.6K | +4.4% |
| Wolverine Lake | $290K | $295K | +1.7% |
Housing Supply in Wolverine Lake, MI
How many homes are available in Wolverine Lake, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 10 | -33.3% |
Summary: The Wolverine Lake real estate market had 10 homes for sale in November 2024, a 33.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 9 | 6 | -33.3% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Wolverine Lake housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 1 | -80.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wolverine Lake, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Wolverine Lake in November 2024, down by 80.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Wolverine Lake, MI
How long does it take to sell a home in Wolverine Lake, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 3 Days | 77 Days | +2466.7% |
Summary: Homes in Wolverine Lake had an average of 77 days on market in Nov 2024, up by 2466.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Wolverine Lake has remained consistent over time.
Summary: During November 2024, 1 homes were sold in Wolverine Lake; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
