Is Wayne Township, PA 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, Wayne Township has remained a Seller's Market.
Housing Prices in Wayne Township, PA
How much do homes in Wayne Township, PA cost?
Median Sold Price
$857,500
$326/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Wayne Township was $857,500 in May 2024, up 22.3% from last year, and the median price per square foot was $326.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $205K | $225K | +9.8% |
2 Bedrooms | $264.5K | $305K | +15.3% |
3 Bedrooms | $525.5K | $600K | +14.2% |
4 Bedrooms | $850.5K | $930K | +9.3% |
5+ Bedrooms | $1.3M | $1.4M | +6.5% |
Summary: Wayne Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.8%, 2 bedroom homes increased by 15.3%, 3 bedroom homes increased by 14.2%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 6.5%.
Median Sold Price Compared To Nearby Cities
Wayne Township | $701.1K | $857.5K | +22.3% |
Ellport | $145K | $146.2K | +0.8% |
Ellwood City | $160K | $160K | 0.0% |
Housing Supply in Wayne Township, PA
How many homes are available in Wayne Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
112 | 115 | +2.7% |
Summary: The Wayne Township real estate market had 115 homes for sale in May 2024, a 2.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 6 | +50.0% |
2 Bedrooms | 5 | 10 | +100.0% |
3 Bedrooms | 33 | 27 | -18.2% |
4 Bedrooms | 40 | 37 | -7.5% |
5+ Bedrooms | 30 | 35 | +16.7% |
Summary: The Wayne Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes decreased by 7.5%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
32 | 22 | -31.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Wayne Township in May 2024, down by 31.3% month-over-month. Of the 22 sold homes, 23% were sold under asking, 18% were sold at asking, and 59% were sold over asking.
Days on Market for Wayne Township, PA
How long does it take to sell a home in Wayne Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
8 Days | 19 Days | +123.1% |
Summary: Homes in Wayne Township had an average of 19 days on market in May 2024, up by 123.1% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 22 homes were sold in Wayne Township; 86% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.