Is Wayland, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wayland is a seller's market

Buyer's
Market

Difference Since April 2021

Since last year, Wayland has remained a Seller's Market.

Key Takeaway

Wayland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Wayland, MI cost?

Median Sold Price

$209,000

$137/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2021

+$16,500(+8.6%)

Key Takeaway

Homes in Wayland have sold for 8.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2021Apr 2022%
1 --
N/A
2 $165.5K$175K
+5.7%
3 $186.5K$200K
+7.2%
4 $220K$244K
+10.9%
5+ $341K$232.4K
-31.8%

Median Sold Price Compared To Nearby Cities

Hopkins Township
+34.5%
Wayland Township
+25.0%
Leighton Township
+24.3%
Wayland
+8.6%

How many homes are available in Wayland, MI?

Number of Homes For Sale

Mar 2022Apr 2022%
127-41.7%

Homes For Sale By Bedroom Count

# BEDSMar 2022Apr 2022%
1 00
0.0%
2 31
-66.7%
3 54
-20.0%
4 42
-50.0%
5+ 00
0.0%

Number of Homes Sold

Mar 2022Apr 2022%
73-57.1%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wayland, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Wayland, MI

Wayland, MI has 7 homes for sale to choose from. The number of homes for sale in Wayland, MI decreased by 41.7% between March 2022 and April 2022. Listing prices have changed in this real estate market between March 2022 and April 2022: 1 bedroom properties became 0% more expensive, prices of 2 bedrooms properties increased by 5.7%, prices of 3 bedrooms properties increased by 7.2%, prices of 4 bedrooms properties went up by 10.9%, prices of 5 bedrooms properties went down by 31.8%. Volume of homes for sale changed: volume of 1 bedroom homes stayed the same, volume of 2 bedrooms homes went down by 66.7%, the quantity of 3 bedrooms homes went down by 20%, volume of 4 bedrooms homes went down by 50%, volume of 5 bedrooms homes stayed the same. Over 2 listings were sold over their listed price in April 2022 in Wayland, MI. In the same period over 1 listings were sold below the listed price and 0 listings were sold for the listed price.