Is Waynesburg, 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, Waynesburg has remained a Seller's Market.
Key Takeaway
Waynesburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Waynesburg, PA
How much do homes in Waynesburg, PA cost?
Median Sold Price
$184,900
$118/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Waynesburg have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in Waynesburg was $184,900 in May 2024, up 1.3% from last year, and the median price per square foot was $118.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $127.5K | $90K | -29.4% |
| 3 Bedrooms | $173.7K | $205K | +18.0% |
| 4 Bedrooms | $299.9K | $291K | -2.9% |
| 5+ Bedrooms | $195K | $280K | +43.6% |
Summary: Waynesburg 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 decreased by 29.4%, 3 bedroom homes increased by 18%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes increased by 43.6%.
Median Sold Price Compared To Nearby Cities
| Franklin Township | $205K | $216K | +5.4% |
| Waynesburg | $182.5K | $184.9K | +1.3% |
Housing Supply in Waynesburg, PA
How many homes are available in Waynesburg, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 28 | 26 | -7.1% |
Summary: The Waynesburg real estate market had 26 homes for sale in May 2024, a 7.1% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 18 | 17 | -5.6% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Waynesburg 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 5.6%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Waynesburg, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Waynesburg in May 2024, the same as the previous month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Waynesburg, PA
How long does it take to sell a home in Waynesburg, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 108 Days | 88 Days | -18.3% |
Summary: Homes in Waynesburg had an average of 88 days on market in May 2024, down by 18.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Waynesburg are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 5 homes were sold in Waynesburg; 20% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.
