$4,150 Closing Credit*
$349,500
1,508 SqFt
3 Beds
•2 Full Baths, 1 Partial
Mike Kish, Listing Office: GAP Realty Group LLC
Is Woodhaven, 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, Woodhaven has remained a Seller's Market.
Key Takeaway
Woodhaven is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Woodhaven, MI
How much do homes in Woodhaven, MI cost?
Median Sold Price
$265,000
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,000(+8.2%)
Key Takeaway
Homes in Woodhaven have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in Woodhaven was $265,000 in October 2024, up 8.2% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $163.7K | $177.4K | +8.4% |
| 3 Bedrooms | $252.5K | $265K | +5.0% |
| 4 Bedrooms | $271.5K | $345K | +27.1% |
| 5+ Bedrooms | $254.9K | $411K | +61.2% |
Summary: Woodhaven housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 27.1%, and 5+ bedroom homes increased by 61.2%.
Median Sold Price Compared To Nearby Cities
| Brownstown Charter Township | $277.5K | $300.5K | +8.3% |
| Woodhaven | $245K | $265K | +8.2% |
| Trenton | $225K | $235K | +4.4% |
| Riverview | $200K | $202.5K | +1.3% |
Housing Supply in Woodhaven, MI
How many homes are available in Woodhaven, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 32 | -3.0% |
Summary: The Woodhaven real estate market had 32 homes for sale in October 2024, a 3.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 8 | +33.3% |
| 3 Bedrooms | 19 | 14 | -26.3% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Woodhaven 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 26.3%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 13 | -7.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Woodhaven, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Woodhaven in October 2024, down by 7.1% month-over-month. Of the 13 sold homes, 54% were sold under asking, 23% were sold at asking, and 23% were sold over asking.
Days on Market for Woodhaven, MI
How long does it take to sell a home in Woodhaven, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 4 Days | 19 Days | +354.4% |
Summary: Homes in Woodhaven had an average of 19 days on market in Oct 2024, up by 354.4% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Woodhaven are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 13 homes were sold in Woodhaven; 85% of homes were sold within 30 days, 15% 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.