Is Wayland, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Wayland has remained a Seller's Market.
Key Takeaway
Wayland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wayland, NY
How much do homes in Wayland, NY cost?
Median Sold Price
$149,000
$97/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Wayland have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in Wayland was $149,000 in April 2024, up 5.2% from last year, and the median price per square foot was $97.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $93K | $89.3K | -3.9% |
| 2 Bedrooms | $205.5K | $203.5K | -1.0% |
| 3 Bedrooms | $143.3K | $144K | 0.5% |
| 4 Bedrooms | $131.5K | $138K | +4.9% |
| 5+ Bedrooms | $198.5K | $140K | -29.5% |
Summary: Wayland housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.9%, 2 bedroom homes decreased by 1%, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes decreased by 29.5%.
Housing Supply in Wayland, NY
How many homes are available in Wayland, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 12 | +9.1% |
Summary: The Wayland real estate market had 12 homes for sale in April 2024, a 9.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 3 | 5 | +66.7% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Wayland housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wayland, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Wayland in April 2024, down by 20.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for Wayland, NY
How long does it take to sell a home in Wayland, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 80 Days | 10 Days | -86.9% |
Summary: Homes in Wayland had an average of 10 days on market in Apr 2024, down by 86.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wayland are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Wayland; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
