Is Wixom, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Wixom has remained a Seller's Market.
Housing Prices in Wixom, MI
How much do homes in Wixom, MI cost?
Median Sold Price
$380,000
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Wixom was $380,000 in April 2024, up 16.4% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $213K | N/A |
2 Bedrooms | $238K | $250K | +5.0% |
3 Bedrooms | $312K | $355K | +13.8% |
4 Bedrooms | $428.7K | $493.1K | +15.0% |
5+ Bedrooms | $372.5K | $411.5K | +10.5% |
Summary: Wixom housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 13.8%, 4 bedroom homes increased by 15%, and 5+ bedroom homes increased by 10.5%.
Median Sold Price Compared To Nearby Cities
Wixom | $326.5K | $380K | +16.4% |
Commerce Township | $400K | $459.2K | +14.8% |
Commerce Charter Township | $337K | $372K | +10.4% |
Novi | $435.3K | $434.1K | -0.3% |
Housing Supply in Wixom, MI
How many homes are available in Wixom, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
39 | 43 | +10.3% |
Summary: The Wixom real estate market had 43 homes for sale in April 2024, a 10.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 8 | 9 | +12.5% |
3 Bedrooms | 13 | 17 | +30.8% |
4 Bedrooms | 17 | 15 | -11.8% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Wixom housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 30.8%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 14 | +55.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Wixom in April 2024, up by 55.6% month-over-month. Of the 14 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
22 Days | 53 Days | +141.9% |
Summary: Homes in Wixom had an average of 53 days on market in Apr 2024, up by 141.9% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 14 homes were sold in Wixom; 64% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.