Is Wyoming, 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, Wyoming has remained a Seller's Market.
Housing Prices in Wyoming, MI
How much do homes in Wyoming, MI cost?
Median Sold Price
$260,000
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Wyoming was $260,000 in April 2024, up 10.6% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $105K | $137.5K | +31.0% |
2 Bedrooms | $192K | $215K | +12.0% |
3 Bedrooms | $235.1K | $260K | +10.6% |
4 Bedrooms | $280K | $298.5K | +6.6% |
5+ Bedrooms | $290K | $399.7K | +37.8% |
Summary: Wyoming housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31%, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 37.8%.
Median Sold Price Compared To Nearby Cities
Grand Rapids | $262.2K | $300K | +14.4% |
Grandville | $304.3K | $341.5K | +12.2% |
Wyoming | $235K | $260K | +10.6% |
Byron Township | $374.4K | $410.2K | +9.5% |
Kentwood | $290.8K | $308.7K | +6.2% |
Housing Supply in Wyoming, MI
How many homes are available in Wyoming, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
134 | 150 | +11.9% |
Summary: The Wyoming real estate market had 150 homes for sale in April 2024, a 11.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 27 | 25 | -7.4% |
3 Bedrooms | 77 | 76 | -1.3% |
4 Bedrooms | 23 | 40 | +73.9% |
5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The Wyoming housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 7.4%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes increased by 73.9%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
58 | 38 | -34.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Summary: A total of 38 homes were sold or pending in Wyoming in April 2024, down by 34.5% month-over-month. Of the 38 sold homes, 13% were sold under asking, 29% were sold at asking, and 58% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
18 Days | 19 Days | +3.4% |
Summary: Homes in Wyoming had an average of 19 days on market in Apr 2024, up by 3.4% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 38 homes were sold in Wyoming; 87% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.