Is Wayne Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$370,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Wayne Township was $370,000 in March 2024, up 7.2% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $225K | $150K | -33.3% |
2 Bedrooms | $255K | $280.9K | +10.2% |
3 Bedrooms | $315K | $345K | +9.5% |
4 Bedrooms | $429.9K | $479.9K | +11.6% |
5+ Bedrooms | $545K | $548.8K | +0.7% |
Summary: Wayne Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 10.2%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes increased by 0.7%.
Median Sold Price Compared To Nearby Cities
West Chicago | $305K | $351K | +15.1% |
Hanover Park | $268.4K | $289K | +7.7% |
Wayne Township | $345K | $370K | +7.2% |
Bartlett | $349.9K | $370K | +5.7% |
Housing Supply in Wayne Township, IL
How many homes are available in Wayne Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
106 | 142 | +34.0% |
Summary: The Wayne Township real estate market had 142 homes for sale in March 2024, a 34.0% increase 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 | 15 | 21 | +40.0% |
3 Bedrooms | 47 | 60 | +27.7% |
4 Bedrooms | 36 | 51 | +41.7% |
5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The Wayne Township 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 40%, 3 bedroom homes increased by 27.7%, 4 bedroom homes increased by 41.7%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
27 | 52 | +92.6% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
34 Homes Were Sold
Over Asking
Summary: A total of 52 homes were sold or pending in Wayne Township in March 2024, up by 92.6% month-over-month. Of the 52 sold homes, 27% were sold under asking, 8% were sold at asking, and 65% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
35 Days | 11 Days | -67.9% |
Summary: Homes in Wayne Township had an average of 11 days on market in Mar 2024, down by 67.9% compared to last year.
Breakdown of Home Sale Times
50 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 52 homes were sold in Wayne Township; 96% of homes were sold within 30 days, 2% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.