Is Wyandotte, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
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.
Housing Prices in Wyandotte, MI
How much do homes in Wyandotte, MI cost?
Median Sold Price
$182,750
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Wyandotte have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in Wyandotte was $182,750 in April 2024, up 7.3% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $96K | $100K | +4.2% |
| 2 Bedrooms | $145K | $149.9K | +3.4% |
| 3 Bedrooms | $171.6K | $190K | +10.7% |
| 4 Bedrooms | $199K | $215K | +8.0% |
| 5+ Bedrooms | $213.1K | $277.5K | +30.2% |
Summary: Wyandotte housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.2%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 30.2%.
Median Sold Price Compared To Nearby Cities
| Lincoln Park | $134.7K | $149.1K | +10.7% |
| Wyandotte | $170.3K | $182.7K | +7.3% |
| Ecorse | $73K | $72.2K | -1.0% |
| Grosse Ile | $365K | $350K | -4.1% |
| Grosse Ile Township | $365K | $350K | -4.1% |
Housing Supply in Wyandotte, MI
How many homes are available in Wyandotte, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 63 | 67 | +6.3% |
Summary: The Wyandotte real estate market had 67 homes for sale in April 2024, a 6.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 22 | 22 | 0.0% |
| 3 Bedrooms | 28 | 35 | +25.0% |
| 4 Bedrooms | 10 | 7 | -30.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Wyandotte housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 16 | -15.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wyandotte, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Wyandotte in April 2024, down by 15.8% month-over-month. Of the 16 sold homes, 44% were sold under asking, 13% were sold at asking, and 44% were sold over asking.
Days on Market for Wyandotte, MI
How long does it take to sell a home in Wyandotte, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 49 Days | 36 Days | -25.8% |
Summary: Homes in Wyandotte had an average of 36 days on market in Apr 2024, down by 25.8% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wyandotte are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 16 homes were sold in Wyandotte; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.