Is Wayland Township, 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, Wayland Township has remained a Seller's Market.
Housing Prices in Wayland Township, MI
How much do homes in Wayland Township, MI cost?
Median Sold Price
$305,000
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Wayland Township was $305,000 in April 2024, up 5.2% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $225K | $160K | -28.9% |
2 Bedrooms | $225K | $260K | +15.6% |
3 Bedrooms | $292.5K | $295K | +0.9% |
4 Bedrooms | $304.9K | $360K | +18.1% |
5+ Bedrooms | $295K | $340K | +15.3% |
Summary: Wayland Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 28.9%, 2 bedroom homes increased by 15.6%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 18.1%, and 5+ bedroom homes increased by 15.3%.
Median Sold Price Compared To Nearby Cities
Leighton Township | $315K | $365K | +15.9% |
Yankee Springs Township | $352K | $381.7K | +8.5% |
Wayland | $288.9K | $309.9K | +7.3% |
Wayland Township | $290K | $305K | +5.2% |
Shelbyville | $300K | $291.2K | -2.9% |
Housing Supply in Wayland Township, MI
How many homes are available in Wayland Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
39 | 43 | +10.3% |
Summary: The Wayland Township real estate market had 43 homes for sale in April 2024, a 10.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 4 | -33.3% |
3 Bedrooms | 19 | 20 | +5.3% |
4 Bedrooms | 12 | 14 | +16.7% |
5+ Bedrooms | 2 | 5 | +150.0% |
Summary: The Wayland Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 17 | +70.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Wayland Township in April 2024, up by 70.0% month-over-month. Of the 17 sold homes, 41% were sold under asking, 18% were sold at asking, and 41% were sold over asking.
Days on Market for Wayland Township, MI
How long does it take to sell a home in Wayland Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
65 Days | 48 Days | -25.5% |
Summary: Homes in Wayland Township had an average of 48 days on market in Apr 2024, down by 25.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 17 homes were sold in Wayland Township; 47% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.