$8,301 Closing Credit*
$699,000
3,674 SqFt
4 Beds
•3 Full Baths, 1 Partial
Lisa K Lewis, Listing Office: Key Realty One LLC - Summerfield
Is Woodhaven, 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, 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
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$17,000(+6.9%)
Key Takeaway
Homes in Woodhaven have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Woodhaven was $265,000 in November 2024, up 6.9% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $165.5K | $179.9K | +8.7% |
| 3 Bedrooms | $257K | $265.3K | +3.3% |
| 4 Bedrooms | $274.5K | $345K | +25.7% |
| 5+ Bedrooms | $254.9K | $411K | +61.2% |
Summary: Woodhaven 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 8.7%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 25.7%, and 5+ bedroom homes increased by 61.2%.
Median Sold Price Compared To Nearby Cities
| Riverview | $194.7K | $211.5K | +8.6% |
| Woodhaven | $248K | $265K | +6.9% |
| Brownstown Charter Township | $285K | $300K | +5.3% |
| Trenton | $228.1K | $232.5K | +1.9% |
Housing Supply in Woodhaven, MI
How many homes are available in Woodhaven, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 20 | -35.5% |
Summary: The Woodhaven real estate market had 20 homes for sale in November 2024, a 35.5% 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 | 10 | 8 | -20.0% |
| 3 Bedrooms | 13 | 8 | -38.5% |
| 4 Bedrooms | 6 | 4 | -33.3% |
| 5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The Woodhaven 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 decreased by 20%, 3 bedroom homes decreased by 38.5%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 7 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Woodhaven, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in Woodhaven in November 2024, down by 50.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 43% were sold at asking, and 29% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 18 Days | 46 Days | +152.5% |
Summary: Homes in Woodhaven had an average of 46 days on market in Nov 2024, up by 152.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Woodhaven are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in Woodhaven; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% 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.