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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wayne is a neutral's market

Buyer's
Market

Difference Since Last Month

Since last month, Wayne has remained a Neutral Market.

Key Takeaway

Wayne is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Wayne, IL

How much do homes in Wayne, IL cost?

Median Sold Price

$684,500

$221/sqft

Based on all homes sold in June 2024.

Difference Since Last Month

-$929,000(-57.6%)

Key Takeaway

Homes in Wayne have sold for 57.6% less than they did a month ago.

Summary: The median home sold price in Wayne was $684,500 in June 2024, down 57.6% from last month, and the median price per square foot was $221.

Median Sold Price By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 --
N/A
2 --
N/A
3 --
N/A
4 $927K$684.5K
-26.2%
5+ $2.3M-
N/A

Summary: Wayne housing prices by bedroom type for June 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 26.2%, and 5+ bedroom homes did not change.

Housing Supply in Wayne, IL

How many homes are available in Wayne, IL?

Number of Homes For Sale

May 2024Jun 2024CHANGE
1314+7.7%

Summary: The Wayne real estate market had 14 homes for sale in June 2024, a 7.7% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 00
0.0%
3 11
0.0%
4 66
0.0%
5+ 67
+16.7%

Summary: The Wayne housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

May 2024Jun 2024CHANGE
220.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was 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. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Wayne in June 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% 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 2024Jun 2024CHANGE
75 Days10 Days-86.8%

Summary: Homes in Wayne had an average of 10 days on market in Jun 2024, down by 86.8% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Wayne are selling fast, if you're buying plan to act quickly.

Summary: During June 2024, 2 homes were sold in Wayne; 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.

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

Report Updated 26 Days Ago

Newest Listings in Wayne, IL

Nearby Markets to Wayne, IL

What housing markets are near Wayne, IL?