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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wayne Township is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, Wayne Township has remained a Seller's Market.

Key Takeaway

Wayne Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Wayne Township, IL cost?

Median Sold Price

$337,421

$182/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$20,667(+6.5%)

Key Takeaway

Homes in Wayne Township have sold for 6.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 --
N/A
2 $227K$245K
+7.9%
3 $284.7K$309.3K
+8.6%
4 $381K$415K
+8.9%
5+ $466K$572.5K
+22.9%

Median Sold Price Compared To Nearby Cities

Wayne
+12.2%
Bartlett
+9.5%
Hanover Park
+8.7%
Wayne Township
+6.5%
West Chicago
0.1%

How many homes are available in Wayne Township, IL?

Number of Homes For Sale

Sep 2022Oct 2022%
197194-1.5%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 11
0.0%
2 2123
+9.5%
3 9689
-7.3%
4 6971
+2.9%
5+ 1010
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
7057-18.6%

Asking Price vs. Sold Price

27 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wayne Township, you may be able to get a good deal. 47.4% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
19 Days20 Days+7.2%

Breakdown of Home Sale Times

42 Homes Were Sold
Under 30 Days

15 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 Township are selling fast, if you're buying plan to act quickly.

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

About Wayne Township, IL

Homes for sale in Wayne Township, IL have reached 194. Between September 2022 and October 2022, Wayne Township, IL real estate market has seen decrease in the number of listings by 1.5%. In October 2022 median list price was $337,421 and the average listing age was 20 days. Between September 2022 and October 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties increased by 7.9%, the cost of 3 bedrooms properties went up by 8.6%, prices of 4 bedrooms properties went up by 8.9%, prices of 5 bedrooms properties increased by 22.9%. Housing inventory have changed in this real estate market: 1 bedroom homes inventory did not change, volume of 2 bedrooms homes went up by 9.5%, the quantity of 3 bedrooms homes went down by 7.3%, 4 bedrooms homes became 2.9% more available, 5 bedrooms homes did not move. Wayne Township, IL housing market in October 2022 saw over 17 listings sold above listed price, more than 13 sold at listed price and over 27 sold below.

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