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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wyoming is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

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

+$23,736(+10.1%)

Key Takeaway

Homes in Wyoming have sold for 10.1% more than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 $113K$135K
+19.5%
2 $192.5K$211K
+9.6%
3 $235K$259K
+10.2%
4 $280.3K$296.5K
+5.8%
5+ $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
+15.0%
Grandville
+12.3%
Wyoming
+10.1%
Byron Township
+9.2%
Kentwood
+5.2%

Housing Supply in Wyoming, MI

How many homes are available in Wyoming, MI?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
129127-1.6%

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

# BEDSFeb 2024Mar 2024CHANGE
1 22
0.0%
2 2326
+13.0%
3 7470
-5.4%
4 2425
+4.2%
5+ 64
-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 2024Mar 2024CHANGE
4549+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wyoming, you could pay more than the asking price. 65.3% of homes here sold above asking price last month.

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 2023Mar 2024CHANGE
40 Days39 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 22 Days Ago

Newest Listings in Wyoming, MI

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