Is Wixom, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$367,000
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Wixom was $367,000 in May 2024, up 11% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $213K | N/A |
2 Bedrooms | $238K | $232.5K | -2.3% |
3 Bedrooms | $311K | $341K | +9.6% |
4 Bedrooms | $427.5K | $501.8K | +17.4% |
5+ Bedrooms | $395K | $424.9K | +7.6% |
Summary: Wixom housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.3%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes increased by 7.6%.
Median Sold Price Compared To Nearby Cities
Commerce Township | $410K | $461.5K | +12.6% |
Wixom | $330.5K | $367K | +11.0% |
Commerce Charter Township | $350K | $370K | +5.7% |
Novi | $435.1K | $439.4K | +1.0% |
Housing Supply in Wixom, MI
How many homes are available in Wixom, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
45 | 40 | -11.1% |
Summary: The Wixom real estate market had 40 homes for sale in May 2024, a 11.1% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 9 | 10 | +11.1% |
3 Bedrooms | 18 | 17 | -5.6% |
4 Bedrooms | 16 | 10 | -37.5% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Wixom housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.1%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
15 | 10 | -33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Wixom in May 2024, down by 33.3% month-over-month. Of the 10 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
37 Days | 32 Days | -14.9% |
Summary: Homes in Wixom had an average of 32 days on market in May 2024, down by 14.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 10 homes were sold in Wixom; 60% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.