Is Wayne County, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Wayne County was a Seller's Market.
Key Takeaway
Wayne County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Wayne County, GA
How much do homes in Wayne County, GA cost?
Median Sold Price
$218,000
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Wayne County have sold for 0.9% less than they did a year ago.
Summary: The median home sold price in Wayne County was $218,000 in March 2024, down 0.9% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $10K | - | N/A |
| 2 Bedrooms | $140K | $177K | +26.4% |
| 3 Bedrooms | $205K | $211.8K | +3.3% |
| 4 Bedrooms | $262.4K | $292.5K | +11.4% |
| 5+ Bedrooms | $318.4K | $417K | +31.0% |
Summary: Wayne County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 26.4%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 31%.
Median Sold Price Compared To Nearby Counties
| Pierce County | $344.9K | $350K | +1.5% |
| Long County | $286.5K | $285K | -0.5% |
| Wayne County | $220K | $218K | -0.9% |
| Appling County | $179.9K | $177.2K | -1.5% |
Housing Supply in Wayne County, GA
How many homes are available in Wayne County, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 54 | 53 | -1.9% |
Summary: The Wayne County real estate market had 53 homes for sale in March 2024, a 1.9% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 6 | +50.0% |
| 3 Bedrooms | 36 | 31 | -13.9% |
| 4 Bedrooms | 9 | 12 | +33.3% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Wayne County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 13.9%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 7 | -46.2% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Wayne County, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Wayne County in March 2024, down by 46.2% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Wayne County, GA
How long does it take to sell a home in Wayne County, GA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 96 Days | 58 Days | -38.7% |
Summary: Homes in Wayne County had an average of 58 days on market in Mar 2024, down by 38.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wayne County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 7 homes were sold in Wayne County; 57% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
