$5,938 Closing Credit*
$500,000
1,202 SqFt
3 Beds
•1 Full Bath
Listing Office: LaBelle Real Estate Group Inc
Is Wyoming, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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, MN
How much do homes in Wyoming, MN cost?
Median Sold Price
$375,000
$191/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since October 2023.
Key Takeaway
The sold price of homes in Wyoming has remained the same since last year.
Summary: The median home sold price in Wyoming was $375,000 in October 2024, the same as last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $224.7K | $209.5K | -6.8% |
| 2 Bedrooms | $305K | $302.5K | -0.8% |
| 3 Bedrooms | $349.8K | $367.4K | +5.0% |
| 4 Bedrooms | $405K | $395K | -2.5% |
| 5+ Bedrooms | $651.2K | $480K | -26.3% |
Summary: Wyoming housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.8%, 2 bedroom homes decreased by 0.8%, 3 bedroom homes increased by 5%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes decreased by 26.3%.
Median Sold Price Compared To Nearby Cities
| Forest Lake | $390K | $396.7K | +1.7% |
| Wyoming | $398.7K | $400K | 0.3% |
| Wyoming | $375K | $375K | 0.0% |
| Linwood Township | $455K | $443.7K | -2.5% |
| Columbus | $511K | $481.9K | -5.7% |
Housing Supply in Wyoming, MN
How many homes are available in Wyoming, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 37 | 44 | +18.9% |
Summary: The Wyoming real estate market had 44 homes for sale in October 2024, a 18.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 6 | +50.0% |
| 3 Bedrooms | 14 | 13 | -7.1% |
| 4 Bedrooms | 14 | 19 | +35.7% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Wyoming housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 35.7%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 17 | +142.9% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wyoming, you may be able to get a good deal. 35.3% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Wyoming in October 2024, up by 142.9% month-over-month. Of the 17 sold homes, 35% were sold under asking, 29% were sold at asking, and 35% were sold over asking.
Days on Market for Wyoming, MN
How long does it take to sell a home in Wyoming, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 42 Days | +53.8% |
Summary: Homes in Wyoming had an average of 42 days on market in Oct 2024, up by 53.8% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 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 October 2024, 17 homes were sold in Wyoming; 53% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
