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Featured local agent — Wedgewood, MI
Sarah Mitchell
Compass Real Estate · Wedgewood, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Wedgewood, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$463,750median sale price
How is the Wedgewood, MI housing market right now?
The median home sale price in Wedgewood, MI is $463,750, up 106.1% year-over-year. Homes sell in an average of 42 days. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of November 2025 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Wedgewood a buyer's or seller's market?
Wedgewood, MI is currently a balanced market and homes selling in about 42 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
42
Average pace
Active listings
—
Sale-to-list
98.6%
Below asking
What does the Wedgewood housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $463,750 |
| Year-over-year price change | +106.1% |
| Average days on market | 42 days |
| Sale-to-list price ratio | 98.6% |
| Median price per sq ft | $189/sq ft |
| Homes sold (latest month) | 2 |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Wedgewood by property type?
How the Wedgewood, MI market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $463,750 | $189/sq ft | 2 | 42 days |
Source: Redfin · Updated monthly
The Wedgewood housing market is currently classified as a balanced market with a median sale price of $463,750. Prices have risen 106.1% compared to last year, with homes spending an average of 42 days on market.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in Wedgewood
Explore homes currently listed for sale in Wedgewood, Michigan across major real estate platforms.
Who lives in Wedgewood?
Population
273
Median income
$133,125/yr
Median age
58.4 years
Owner-occupied
100.0%
College grads
43.6%
Avg commute
17.5 min
Source: U.S. Census Bureau ACS
What is it like to live in Wedgewood?
Wedgewood is a community of approximately 0K residents with a median age of 58.4 years.The median household income is $133,125, which reflects a relatively affluent area with strong earning potential. 43.6% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 100.0%, reflecting strong community stability and long-term resident commitment. The average commute time is 17.5 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Wedgewood offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Wedgewood, MI?
Want a head-to-head view? Compare Wedgewood side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Wedgewood?
The median home sale price in Wedgewood is $463,750, up 106.1% from last year.
How long do homes stay on market in Wedgewood?
Homes typically spend 42 days on market before going under contract.
What is the median income in Wedgewood?
The median household income is $133,125 per year.
How much does a single-family home cost in Wedgewood?
The median single-family home price in Wedgewood, MI is $463,750 (about $189 per square foot).
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