Is Wyandotte, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Wyandotte has remained a Seller's Market.
Housing Prices in Wyandotte, MI
How much do homes in Wyandotte, MI cost?
Median Sold Price
$185,666
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Wyandotte was $185,666 in May 2024, up 9.2% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $96K | $108.5K | +13.0% |
2 Bedrooms | $145K | $150K | +3.4% |
3 Bedrooms | $170K | $195K | +14.7% |
4 Bedrooms | $203K | $215.5K | +6.2% |
5+ Bedrooms | $213.1K | $277.5K | +30.2% |
Summary: Wyandotte housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 14.7%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 30.2%.
Median Sold Price Compared To Nearby Cities
Lincoln Park | $134.5K | $150K | +11.5% |
Wyandotte | $169.9K | $185.6K | +9.2% |
Grosse Ile | $351.5K | $368K | +4.7% |
Grosse Ile Township | $351.5K | $368K | +4.7% |
Ecorse | $74K | $74.7K | +1.0% |
Housing Supply in Wyandotte, MI
How many homes are available in Wyandotte, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
71 | 81 | +14.1% |
Summary: The Wyandotte real estate market had 81 homes for sale in May 2024, a 14.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 23 | 19 | -17.4% |
3 Bedrooms | 34 | 46 | +35.3% |
4 Bedrooms | 11 | 13 | +18.2% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Wyandotte housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 17.4%, 3 bedroom homes increased by 35.3%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
21 | 26 | +23.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in Wyandotte in May 2024, up by 23.8% month-over-month. Of the 26 sold homes, 23% were sold under asking, 15% were sold at asking, and 62% were sold over asking.
Days on Market for Wyandotte, MI
How long does it take to sell a home in Wyandotte, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
18 Days | 24 Days | +30.6% |
Summary: Homes in Wyandotte had an average of 24 days on market in May 2024, up by 30.6% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 26 homes were sold in Wyandotte; 77% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.