Is Wayne Township, PA 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, 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
$774,000
$313/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Wayne Township was $774,000 in April 2024, up 19.1% from last year, and the median price per square foot was $313.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $197.5K | $225K | +13.9% |
2 Bedrooms | $268K | $307.4K | +14.7% |
3 Bedrooms | $471.5K | $595K | +26.2% |
4 Bedrooms | $832.7K | $890K | +6.9% |
5+ Bedrooms | $1.3M | $1.4M | +5.7% |
Summary: Wayne Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.9%, 2 bedroom homes increased by 14.7%, 3 bedroom homes increased by 26.2%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 5.7%.
Median Sold Price Compared To Nearby Cities
Wayne Township | $650K | $774K | +19.1% |
South Manheim Township | $340K | $325.8K | -4.1% |
Housing Supply in Wayne Township, PA
How many homes are available in Wayne Township, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
95 | 114 | +20.0% |
Summary: The Wayne Township real estate market had 114 homes for sale in April 2024, a 20.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 31 | 35 | +12.9% |
4 Bedrooms | 35 | 39 | +11.4% |
5+ Bedrooms | 21 | 31 | +47.6% |
Summary: The Wayne Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 12.9%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 47.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 32 | +28.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 32 homes were sold or pending in Wayne Township in April 2024, up by 28.0% month-over-month. Of the 32 sold homes, 25% were sold under asking, 16% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
18 Days | 15 Days | -16.3% |
Summary: Homes in Wayne Township had an average of 15 days on market in Apr 2024, down by 16.3% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 32 homes were sold in Wayne Township; 91% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.