$3,076 Closing Credit*
$259,000
1,440 SqFt
4 Beds
•2 Full Baths
Cristian Rodriguez, Listing Office: Key Realty
Is Wyoming, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$264,992
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$14,992(+6.0%)
Key Takeaway
Homes in Wyoming have sold for 6% more than they did a year ago.
Summary: The median home sold price in Wyoming was $264,992 in November 2024, up 6% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $134.9K | $89.4K | -33.7% |
| 2 Bedrooms | $202K | $221K | +9.4% |
| 3 Bedrooms | $251K | $263.2K | +4.9% |
| 4 Bedrooms | $290K | $320.2K | +10.4% |
| 5+ Bedrooms | $390K | $440K | +12.8% |
Summary: Wyoming housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.7%, 2 bedroom homes increased by 9.4%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 12.8%.
Median Sold Price Compared To Nearby Cities
| Byron Township | $375K | $415K | +10.7% |
| Grand Rapids | $288K | $310K | +7.6% |
| Kentwood | $300K | $321.7K | +7.2% |
| Grandville | $335.5K | $359K | +7.0% |
| Wyoming | $250K | $264.9K | +6.0% |
Housing Supply in Wyoming, MI
How many homes are available in Wyoming, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 251 | 188 | -25.1% |
Summary: The Wyoming real estate market had 188 homes for sale in November 2024, a 25.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 1 | -75.0% |
| 2 Bedrooms | 43 | 41 | -4.7% |
| 3 Bedrooms | 118 | 84 | -28.8% |
| 4 Bedrooms | 70 | 52 | -25.7% |
| 5+ Bedrooms | 16 | 10 | -37.5% |
Summary: The Wyoming housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 75%, 2 bedroom homes decreased by 4.7%, 3 bedroom homes decreased by 28.8%, 4 bedroom homes decreased by 25.7%, and 5+ bedroom homes decreased by 37.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 100 | 50 | -50.0% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wyoming, you could pay more than the asking price. 46% of homes here sold above asking price last month.
Summary: A total of 50 homes were sold or pending in Wyoming in November 2024, down by 50.0% month-over-month. Of the 50 sold homes, 32% were sold under asking, 22% were sold at asking, and 46% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 18 Days | -29.6% |
Summary: Homes in Wyoming had an average of 18 days on market in Nov 2024, down by 29.6% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wyoming are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 50 homes were sold in Wyoming; 84% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
