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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wyandotte is a seller's market

Buyer's
Market

Difference Since July 2021

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

Key Takeaway

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

How much do homes in Wyandotte, MI cost?

Median Sold Price

$165,000

$147/sqft

Based on all homes sold in the last 12 months.

Difference Since July 2021

+$18,666(+12.8%)

Key Takeaway

Homes in Wyandotte have sold for 12.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJul 2021Jul 2022%
1 $70K-
N/A
2 $121.5K$135K
+11.1%
3 $152K$169K
+11.2%
4 $170.4K$190K
+11.5%
5+ $220K$332K
+50.9%

Median Sold Price Compared To Nearby Cities

Lincoln Park
+15.3%
Wyandotte
+12.8%
Southgate
+10.5%
Riverview
-1.4%

How many homes are available in Wyandotte, MI?

Number of Homes For Sale

Jun 2022Jul 2022%
8794+8.0%

Homes For Sale By Bedroom Count

# BEDSJun 2022Jul 2022%
1 11
0.0%
2 1514
-6.7%
3 6362
-1.6%
4 614
+133.3%
5+ 23
+50.0%

Number of Homes Sold

Jun 2022Jul 2022%
2821-25.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wyandotte, you could pay more than the asking price. 61.9% of homes here sold above asking price last month.

Average Sale Time

Jul 2021Jul 2022%
14 Days21 Days+46.7%

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Wyandotte are selling fast, if you're buying plan to act quickly.

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

About Wyandotte, MI

Homes for sale in Wyandotte, MI have reached 94. The inventory of homes for sale in Wyandotte, MI between June 2022 and July 2022 increased by 8%. Listings spent 21 days on the market in July 2022, and had a median list price of $165,000 during the same period. Listing prices have changed in this real estate market between June 2022 and July 2022: 1 bedroom properties prices increased by 0%, the cost of 2 bedrooms properties went up by 11.1%, 3 bedrooms properties became 11.2% more expensive, 4 bedrooms properties prices increased by 11.5%, 5 bedrooms properties prices increased by 50.9%. This housing market inventory have changed: the quantity of 1 bedroom homes have not changed, 2 bedrooms homes became 6.7% less available, volume of 3 bedrooms homes went down by 1.6%, volume of 4 bedrooms homes went up by 133.3%, number of 5 bedrooms homes increased by 50%. Over 13 listings were sold over their listed price in July 2022 in Wyandotte, MI. In the same period over 6 listings were sold below the listed price and 2 listings were sold for the listed price.

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