Is Wayland, MI 49348 a buyer’s or seller’s market?

The Wayland housing market right now

In the three months ending August 31, 2026, 39% of homes in Wayland, MI 49348 sold above their list price, the typical home went under contract in 8 days and there were 2.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 50 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (37% then), homes sold faster (14 days then) and the median sale price rose 19% to $374,838. Overall, Wayland is more competitive than a year ago, so tougher for buyers.

Within Allegan County, homes here sell faster than in 71% of the county’s ZIP codes, and sell more often over asking than in 79%. On our competition score, Wayland ranks #51 of 510 MI ZIP codes with enough sales (score 84 out of 100).

Nearby, buyers who want less competition could look at Pullman 49450 (0% sold over asking) or Douglas 49406 (0% sold over asking), while Dorr 49323 (64% sold over asking) and Martin 49070 (50% sold over asking) are even more competitive.