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Featured local agent — Wayland, MI
Sarah Mitchell
Compass Real Estate · Wayland, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Wayland, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$338,135median sale price
How is the Wayland, MI housing market right now?
The median home sale price in Wayland, MI is $338,135, down 12.2% year-over-year. Homes sell in an average of 12 days with 6 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Wayland a buyer's or seller's market?
Wayland, MI is currently a strong seller's market, based on 1.2 months of supply and homes selling in about 12 days. How we determine this →
Homes sold
5
Last 12 weeks
Days on market
12
Fast-moving
Active listings
6
1.2 months supply
Sale-to-list
98.9%
Below asking
What does the Wayland housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $338,135 |
| Median list price | $315,950 |
| Year-over-year price change | -12.2% |
| Average days on market | 12 days |
| Active inventory | 6 listings |
| Months of supply | 1.2 months |
| Sale-to-list price ratio | 98.9% |
| Median price per sq ft | $198/sq ft |
| Homes sold (latest month) | 5 |
| New listings (latest month) | 6 |
| Listings with a price cut | 33.3% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Wayland by property type?
How the Wayland, MI market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $338,135 | $198/sq ft | 5 | 12 days |
| Condo / Co-op | $367,500 | $299/sq ft | 2 | 44 days |
Source: Redfin · Updated monthly
The Wayland housing market is currently classified as a strong seller's market with a median sale price of $338,135. Prices have fallen 12.2% compared to last year, with homes spending an average of 12 days on market, indicating 1.2 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.8x provides context for how home values compare to local earning capacity.
Homes for sale in Wayland
There are currently 6 homes listed for sale in Wayland, Michigan. The median listing price is $316K.
Active listings
6
Homes on market
Median list price
$316K
Avg. days on market
12
Days until sale
New this week
6
Newly listed
Who lives in Wayland?
Population
4,430
Median income
$71,797/yr
Median age
34.2 years
Owner-occupied
69.8%
College grads
25.6%
Avg commute
23.6 min
Source: U.S. Census Bureau ACS
What are homes worth in Wayland?
Zillow home value
$348,201
Price-to-income
4.8x
Source: Zillow Research
What is it like to live in Wayland?
Wayland is a community of approximately 4K residents with a median age of 34.2 years.The median household income is $71,797, which represents a working-class community with solid middle-income opportunities. 25.6% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 69.8%, reflecting strong community stability and long-term resident commitment. The average commute time is 23.6 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Wayland offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Wayland?
6 schools tracked · 2,426 students
The largest public schools serving Wayland, MI by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Wayland High School
Grades 9-12 · 814 students
Wayland Union Middle School
Grades 5-8 · 617 students
Pine Street Elementary
Grades 4-5 · 390 students
Bessie B Baker School
Grades PK-1 · 313 students
RJ Steeby School
Grades 2-3 · 240 students
Career Connections Academy
Grades 9-12 · 52 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Wayland, MI?
Want a head-to-head view? Compare Wayland side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Wayland?
The median home sale price in Wayland is $338,135, down 12.2% from last year.
How long do homes stay on market in Wayland?
Homes typically spend 12 days on market before going under contract.
What is the median income in Wayland?
The median household income is $71,797 per year.
Is Wayland a buyer's or seller's market?
With 1.2 months of supply, Wayland is currently a strong seller's market.
What is the Zillow home value estimate for Wayland?
The Zillow Home Value Index (ZHVI) for Wayland is $348,201, representing the typical home value in the area.
What is the median condo price in Wayland?
The median condo/co-op sale price in Wayland, MI is $367,500, compared to $338,135 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Wayland?
The median single-family home price in Wayland, MI is $338,135 (about $198 per square foot).
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