Wyoming Housing Market Report

This is the Wyoming, Michigan housing market as of July twenty twenty-six. If you want the full tour of the area, watch the Living In video. This is the numbers: what homes cost, how fast they move, and what that means whether you're buying or selling here. Start with price. The typical Wyoming home is valued around two hundred ninety thousand dollars — about forty-five thousand below the Kent County median of three thirty-five. That gap is the whole story here: this is the lowest-priced major submarket in the metro. The sources don't agree, so here they all are. Houzeo prints a two hundred ninety thousand median, essentially flat year over year. Redfin lands a few hundred dollars off that, but calls the move up three and a half percent. Price per square foot is up thirteen — per foot, Wyoming is appreciating faster than the headline lets on. Wyoming on one card. Seventy-nine thousand people, a typical value near two hundred ninety thousand, homes going pending in about twelve days, and roughly fifteen minutes to downtown Grand Rapids. That's a big, liquid market — no single sale moves this median. Now against a year ago. Redfin has Wyoming homes going in thirteen days — exactly where they sat in July twenty twenty-five. Sellers still collect slightly more than asking, and the sharpest listings go pending in about six days. Speed here has not cooled. Now the submarkets Wyoming actually borders. Grandville prints near three hundred fifty thousand, Kentwood three hundred forty, the city of Grand Rapids three hundred four — Wyoming sits at the bottom at two hundred ninety. That's fourteen to sixty thousand dollars less for the same fifteen-minute ring into downtown. My read, in one line. Do not confuse the lowest price in the metro with the weakest demand. Twelve days to pending and a sale-to-list above one hundred percent say this is one of the most competitive bands in Kent County — cheap to enter, not easy to win. Everything in this report runs back to supply. Wyoming has almost none of it, and at this price point that matters more than anywhere else in the county. Here's what's on the shelf. One point one months of supply. Balanced is five to six months, so this is about a fifth of a normal market. And look at the active count — forty-eight listings, in a city of seventy-nine thousand people. Sellers are not competing with each other here. Five things define this market, and none of them are about the town itself. Lowest-priced major submarket in the metro. A median sitting right on the entry-to-core price line. Inventory measured in weeks, not months. Fifteen minutes to downtown. And the only major Kent County submarket where the median still starts with a two. Here's why that price point is the whole game. Under two hundred fifty thousand, nearly twice as many homes are under contract as are listed. Above five hundred thousand it flips — more listings than deals. Wyoming's median sits on the line between the two hottest tiers. That's why it moves the way it does. Put a number on the pace. Twelve days to pending on our read, thirteen to fourteen depending on the source. A balanced market runs thirty to forty-five. If you get to a new Wyoming listing on the second weekend, you're usually too late. Rates. The thirty-year fixed averaged six point four nine percent the week of July ninth, down from about six seventy-two a year ago. The consensus for the back half of the year sits in a tight six to six-and-a-half band. Nobody credible is calling for fives — price your payment on a six handle. If you're buying here, the math is specific. Get fully underwritten before you tour — at twelve days to pending, a pre-qualification letter loses ties. Budget to write at or above asking, because sale-to-list here is a hundred and one percent. The discount you're picturing does not exist. Your leverage is a listing that's already sat past thirty days. If you're selling here, your number is strong and your timeline is short. Price to the comps and the data says you have a contract inside two weeks, at about a hundred and one percent of ask. But that pace only pays for a correct price — with forty-eight homes listed citywide, an overpriced listing isn't buried in a crowd. It's the one sitting there alone. That's Wyoming in July twenty twenty-six: a two hundred ninety thousand dollar median, twelve days to pending, and one point one months of supply. Want the current number for your street instead of the city median? Reach out and I'll run it.