Is Wayne Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Wayne Township has remained a Seller's Market.
Housing Prices in Wayne Township, IL
How much do homes in Wayne Township, IL cost?
Median Sold Price
$386,416
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Wayne Township was $386,416 in June 2024, up 10.8% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $225K | $150K | -33.3% |
2 Bedrooms | $260K | $292K | +12.3% |
3 Bedrooms | $315.6K | $355.5K | +12.6% |
4 Bedrooms | $437K | $491K | +12.4% |
5+ Bedrooms | $577.5K | $555K | -3.9% |
Summary: Wayne Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 12.3%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes decreased by 3.9%.
Median Sold Price Compared To Nearby Cities
West Chicago | $330.5K | $372.5K | +12.7% |
Wayne Township | $348.7K | $386.4K | +10.8% |
Hanover Park | $270K | $295.2K | +9.4% |
Bartlett | $350.5K | $372.3K | +6.2% |
Housing Supply in Wayne Township, IL
How many homes are available in Wayne Township, IL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
194 | 224 | +15.5% |
Summary: The Wayne Township real estate market had 224 homes for sale in June 2024, a 15.5% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 18 | 22 | +22.2% |
3 Bedrooms | 90 | 100 | +11.1% |
4 Bedrooms | 71 | 82 | +15.5% |
5+ Bedrooms | 15 | 20 | +33.3% |
Summary: The Wayne Township 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 increased by 22.2%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 15.5%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
59 | 59 | 0.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
40 Homes Were Sold
Over Asking
Summary: A total of 59 homes were sold or pending in Wayne Township in June 2024, the same as the previous month. Of the 59 sold homes, 15% were sold under asking, 17% were sold at asking, and 68% were sold over asking.
Days on Market for Wayne Township, IL
How long does it take to sell a home in Wayne Township, IL?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
9 Days | 11 Days | +21.4% |
Summary: Homes in Wayne Township had an average of 11 days on market in Jun 2024, up by 21.4% compared to last year.
Breakdown of Home Sale Times
54 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During June 2024, 59 homes were sold in Wayne Township; 92% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.