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Featured local agent — Wolf Lake, MI
Sarah Mitchell
Compass Real Estate · Wolf Lake, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Wolf Lake, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$230,450median sale price
How is the Wolf Lake, MI housing market right now?
The median home sale price in Wolf Lake, MI is $230,450, down 1.9% year-over-year. Homes sell in an average of 3 days with 7 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Wolf Lake a buyer's or seller's market?
Wolf Lake, MI is currently a strong seller's market, based on 1.8 months of supply and homes selling in about 3 days. How we determine this →
Homes sold
4
Last 12 weeks
Days on market
3
Fast-moving
Active listings
7
1.8 months supply
Sale-to-list
102.1%
Above asking
What does the Wolf Lake housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $230,450 |
| Median list price | $299,900 |
| Year-over-year price change | -1.9% |
| Average days on market | 3 days |
| Active inventory | 7 listings |
| Months of supply | 1.8 months |
| Sale-to-list price ratio | 102.1% |
| Median price per sq ft | $231/sq ft |
| Homes sold (latest month) | 4 |
| New listings (latest month) | 6 |
| Listings with a price cut | 57.1% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Wolf Lake by property type?
How the Wolf Lake, 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 | $230,450 | $231/sq ft | 4 | 3 days |
Source: Redfin · Updated monthly
The Wolf Lake housing market is currently classified as a strong seller's market with a median sale price of $230,450. Prices have fallen 1.9% compared to last year, with homes spending an average of 3 days on market, indicating 1.8 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.6x provides context for how home values compare to local earning capacity.
Homes for sale in Wolf Lake
There are currently 7 homes listed for sale in Wolf Lake, Michigan. The median listing price is $300K.
Active listings
7
Homes on market
Median list price
$300K
Avg. days on market
3
Days until sale
New this week
6
Newly listed
Who lives in Wolf Lake?
Population
4,802
Median income
$49,005/yr
Median age
30.7 years
Owner-occupied
92.2%
College grads
6.2%
Avg commute
24 min
Source: U.S. Census Bureau ACS
What are homes worth in Wolf Lake?
Zillow home value
$223,576
Price-to-income
4.6x
Source: Zillow Research
What is it like to live in Wolf Lake?
Wolf Lake is a community of approximately 5K residents with a median age of 30.7 years.The median household income is $49,005, which represents a working-class community with solid middle-income opportunities. 6.2% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 92.2%, reflecting strong community stability and long-term resident commitment. The average commute time is 24 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Wolf Lake offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Wolf Lake, MI?
Want a head-to-head view? Compare Wolf Lake side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Wolf Lake?
The median home sale price in Wolf Lake is $230,450, down 1.9% from last year.
How long do homes stay on market in Wolf Lake?
Homes typically spend 3 days on market before going under contract.
What is the median income in Wolf Lake?
The median household income is $49,005 per year.
Is Wolf Lake a buyer's or seller's market?
With 1.8 months of supply, Wolf Lake is currently a strong seller's market.
What is the Zillow home value estimate for Wolf Lake?
The Zillow Home Value Index (ZHVI) for Wolf Lake is $223,576, representing the typical home value in the area.
How much does a single-family home cost in Wolf Lake?
The median single-family home price in Wolf Lake, MI is $230,450 (about $231 per square foot).
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