Is Wayne, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wayne is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Wayne was a Neutral Market.

Key Takeaway

Wayne is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Wayne, IL

How much do homes in Wayne, IL cost?

Median Sold Price

$730,000

$210/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$80,000(+12.3%)

Key Takeaway

Homes in Wayne have sold for 12.3% more than they did a year ago.

Summary: The median home sold price in Wayne was $730,000 in May 2024, up 12.3% from last year, and the median price per square foot was $210.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $225K-
N/A
2 $377.5K$676K
+79.1%
3 $565K$700.7K
+24.0%
4 $650K$727.5K
+11.9%
5+ $950K$972.5K
+2.4%

Summary: Wayne housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 79.1%, 3 bedroom homes increased by 24%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes increased by 2.4%.

Median Sold Price Compared To Nearby Cities

Wayne
+12.3%
Wayne Township
+10.8%
Saint Charles Township
+6.3%
Bartlett
+5.8%
Saint Charles
+4.4%

Housing Supply in Wayne, IL

How many homes are available in Wayne, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
14140.0%

Summary: The Wayne real estate market had 14 homes for sale in May 2024, the same as April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 00
0.0%
3 41
-75.0%
4 56
+20.0%
5+ 57
+40.0%

Summary: The Wayne housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 75%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 40%.

Number of Homes Sold

Apr 2024May 2024CHANGE
41-75.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wayne, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Wayne in May 2024, down by 75.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Wayne, IL

How long does it take to sell a home in Wayne, IL?

Average Sale Time

May 2023May 2024CHANGE
195 Days127 Days-34.9%

Summary: Homes in Wayne had an average of 127 days on market in May 2024, down by 34.9% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Wayne are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During May 2024, 1 homes were sold in Wayne; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Wayne, IL

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