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Featured local agent — Wolverine Lake, MI
Sarah Mitchell
Compass Real Estate · Wolverine Lake, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Wolverine Lake, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$427,500median sale price
How is the Wolverine Lake, MI housing market right now?
The median home sale price in Wolverine Lake, MI is $427,500. Homes sell in an average of 13 days with 9 active listings. The market is currently a 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 Wolverine Lake a buyer's or seller's market?
Wolverine Lake, MI is currently a seller's market, based on 2.3 months of supply and homes selling in about 13 days. How we determine this →
Homes sold
4
Last 12 weeks
Days on market
13
Fast-moving
Active listings
9
2.3 months supply
Sale-to-list
99.4%
Below asking
What does the Wolverine Lake housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $427,500 |
| Median list price | $329,000 |
| Average days on market | 13 days |
| Active inventory | 9 listings |
| Months of supply | 2.3 months |
| Sale-to-list price ratio | 99.4% |
| Median price per sq ft | $202/sq ft |
| Homes sold (latest month) | 4 |
| New listings (latest month) | 6 |
| Listings with a price cut | 44.4% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Wolverine Lake by property type?
How the Wolverine 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 | $427,500 | $202/sq ft | 4 | 13 days |
| Condo / Co-op | $320,000 | $134/sq ft | 1 | 17 days |
Source: Redfin · Updated monthly
The Wolverine Lake housing market is currently classified as a seller's market with a median sale price of $427,500. Prices have fallen 0.0% compared to last year, with homes spending an average of 13 days on market, indicating 2.3 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in Wolverine Lake
There are currently 9 homes listed for sale in Wolverine Lake, Michigan. The median listing price is $329K.
Active listings
9
Homes on market
Median list price
$329K
Avg. days on market
13
Days until sale
New this week
6
Newly listed
Who lives in Wolverine Lake?
Population
4,476
Median income
$88,423/yr
Median age
43.9 years
Owner-occupied
74.6%
College grads
37.9%
Avg commute
24.5 min
Source: U.S. Census Bureau ACS
What is it like to live in Wolverine Lake?
Wolverine Lake is a community of approximately 4K residents with a median age of 43.9 years.The median household income is $88,423, which reflects a relatively affluent area with strong earning potential. 37.9% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 74.6%, reflecting strong community stability and long-term resident commitment. The average commute time is 24.5 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Wolverine Lake offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Wolverine Lake, MI?
Want a head-to-head view? Compare Wolverine 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 Wolverine Lake?
The median home sale price in Wolverine Lake is $427,500, down 0.0% from last year.
How long do homes stay on market in Wolverine Lake?
Homes typically spend 13 days on market before going under contract.
What is the median income in Wolverine Lake?
The median household income is $88,423 per year.
Is Wolverine Lake a buyer's or seller's market?
With 2.3 months of supply, Wolverine Lake is currently a seller's market.
What is the median condo price in Wolverine Lake?
The median condo/co-op sale price in Wolverine Lake, MI is $320,000, compared to $427,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Wolverine Lake?
The median single-family home price in Wolverine Lake, MI is $427,500 (about $202 per square foot).
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