Is Wayland, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wayland is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Wayland, MA

How much do homes in Wayland, MA cost?

Median Sold Price

$1,053,000

$421/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$78,000(+8.0%)

Key Takeaway

Homes in Wayland have sold for 8% more than they did a year ago.

Summary: The median home sold price in Wayland was $1,053,000 in May 2024, up 8% from last year, and the median price per square foot was $421.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $527.5K$704K
+33.5%
2 $682.5K$883.7K
+29.5%
3 $885.4K$902.5K
+1.9%
4 $1.1M$1.3M
+10.2%
5+ $1.6M$1.8M
+8.6%

Summary: Wayland housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.5%, 2 bedroom homes increased by 29.5%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes increased by 8.6%.

Median Sold Price Compared To Nearby Cities

Weston
+10.4%
Wayland
+8.0%
Natick
+6.9%
Framingham
+6.8%
Sudbury
0.2%

Housing Supply in Wayland, MA

How many homes are available in Wayland, MA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
4247+11.9%

Summary: The Wayland real estate market had 47 homes for sale in May 2024, a 11.9% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 77
0.0%
3 1819
+5.6%
4 1012
+20.0%
5+ 68
+33.3%

Summary: The Wayland housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
713+85.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wayland, you could pay more than the asking price. 76.9% of homes here sold above asking price last month.

Summary: A total of 13 homes were sold or pending in Wayland in May 2024, up by 85.7% month-over-month. Of the 13 sold homes, 8% were sold under asking, 15% were sold at asking, and 77% were sold over asking.

Days on Market for Wayland, MA

How long does it take to sell a home in Wayland, MA?

Average Sale Time

May 2023May 2024CHANGE
23 Days15 Days-30.8%

Summary: Homes in Wayland had an average of 15 days on market in May 2024, down by 30.8% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 13 homes were sold in Wayland; 92% of homes were sold within 30 days, 8% 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 21 Days Ago

Newest Listings in Wayland, MA

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