Why Live in Wolverine Lake
Wolverine Lake, a unique neighborhood formed by merging six small lakes, offers a vacation-like lifestyle centered around its namesake lake. Residents enjoy various water activities such as swimming, fishing, pontooning, and water-skiing. Exclusive beaches like Nantucket/Pennylake Beach and Spring Lake Heights Annex Beach provide sunbathing spots, while the Wolverine Lake Party Store and Lakes Area Bait Shop cater to boaters and fishing enthusiasts. The neighborhood features approximately 1,700 single-family homes, predominantly ranch-style with brick, vinyl, or stone siding, and well-maintained yards. Larger, remodeled two-story homes with private docks are available along the waterfront.
Clara Miller Park and Hickory Glen Park offer additional recreational opportunities with soccer fields, tennis courts, playgrounds, and baseball fields. Proud Lake Recreation Area, located about 2 miles away, provides further outdoor activities. Community events such as the annual Halloween home decorating contest and July 3rd fireworks foster a strong sense of community. Dining options include Benstein Grille and Glengary Inn, while grocery needs are met at Penny Lake Marketplace.
The neighborhood is served by highly rated schools, including Mary Helen Guest Elementary, James R. Geisler Middle, and Walled Lake Central High School, all known for their excellent academic performance and unique programs. St. Matthew Lutheran offers a faith-based K-8 education. Despite its serene setting, Wolverine Lake is not isolated, with convenient access to nearby cities via expressways and Detroit Metro Airport 25 miles away. The area is safer than the national average, contributing to its appeal as a desirable lakeside community.
Frequently Asked Questions
What is the average home price in Wolverine Lake, MI?
Homes for sale in Wolverine Lake, MI have an average home price of $552,399.
How many homes have sold over the last 12 months in Wolverine Lake, MI?
17 homes have sold in Wolverine Lake, MI over the last 12 months.
What are the most popular zip codes in Wolverine Lake, MI?
How much do you need to make to afford a house in Wolverine Lake?
The median home price in Wolverine Lake is $379,900. If you put a 20% down payment of $76,000 and had a 30-year fixed mortgage with an interest rate of 6.77%, your estimated principal and interest payment would be $1,980 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $85K a year to afford the median home price in Wolverine Lake.
How are the schools in Wolverine Lake, MI?
Home Trends in Wolverine Lake, MI
On average, homes in Wolverine Lake, MI sell after 24 days on the market compared to the national average of 50 days. The median sale price for homes in Wolverine Lake, MI over the last 12 months is $282,850, down 2% from the median home sale price over the previous 12 months.
Median Sale Price
$282,850
Median Single Family Sale Price
$475,000
Median Townhouse Sale Price
$209,500
Median 2 Bedroom Sale Price
$232,500
Average Price Per Sq Ft
$295
Number of Homes for Sale
6
Last 12 months Home Sales
17
Median List Price
$379,900
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-2%
