Is Wyoming, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Wyoming has remained a Seller's Market.
Housing Prices in Wyoming, MI
How much do homes in Wyoming, MI cost?
Median Sold Price
$258,536
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Wyoming was $258,536 in March 2024, up 10.1% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $113K | $135K | +19.5% |
2 Bedrooms | $192.5K | $211K | +9.6% |
3 Bedrooms | $235K | $259K | +10.2% |
4 Bedrooms | $280.3K | $296.5K | +5.8% |
5+ Bedrooms | $327.5K | $399.7K | +22.1% |
Summary: Wyoming housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.5%, 2 bedroom homes increased by 9.6%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 22.1%.
Median Sold Price Compared To Nearby Cities
Grand Rapids | $260.2K | $299.2K | +15.0% |
Grandville | $302.6K | $340K | +12.3% |
Wyoming | $234.8K | $258.5K | +10.1% |
Byron Township | $370.9K | $405K | +9.2% |
Kentwood | $290K | $305K | +5.2% |
Housing Supply in Wyoming, MI
How many homes are available in Wyoming, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
129 | 127 | -1.6% |
Summary: The Wyoming real estate market had 127 homes for sale in March 2024, a 1.6% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 23 | 26 | +13.0% |
3 Bedrooms | 74 | 70 | -5.4% |
4 Bedrooms | 24 | 25 | +4.2% |
5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Wyoming housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 13%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
45 | 49 | +8.9% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
32 Homes Were Sold
Over Asking
Summary: A total of 49 homes were sold or pending in Wyoming in March 2024, up by 8.9% month-over-month. Of the 49 sold homes, 8% were sold under asking, 27% were sold at asking, and 65% were sold over asking.
Days on Market for Wyoming, MI
How long does it take to sell a home in Wyoming, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
40 Days | 39 Days | -2.1% |
Summary: Homes in Wyoming had an average of 39 days on market in Mar 2024, down by 2.1% compared to last year.
Breakdown of Home Sale Times
43 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 49 homes were sold in Wyoming; 88% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.