Is Wayland, MA 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, 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
$1,051,000
$430/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Wayland have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in Wayland was $1,051,000 in June 2024, up 8.9% from last year, and the median price per square foot was $430.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $527.5K | $704K | +33.5% |
| 2 Bedrooms | $682.5K | $883.7K | +29.5% |
| 3 Bedrooms | $870K | $860K | -1.1% |
| 4 Bedrooms | $1.1M | $1.3M | +10.2% |
| 5+ Bedrooms | $1.8M | $1.8M | 0.5% |
Summary: Wayland housing prices by bedroom type for June 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 decreased by 1.1%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes increased by 0.5%.
Median Sold Price Compared To Nearby Cities
| Framingham | $591.8K | $650K | +9.8% |
| Wayland | $965K | $1.0M | +8.9% |
| Weston | $2.1M | $2.3M | +8.6% |
| Natick | $795K | $849.9K | +6.9% |
| Sudbury | $1.0M | $1.1M | +2.3% |
Housing Supply in Wayland, MA
How many homes are available in Wayland, MA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 52 | 64 | +23.1% |
Summary: The Wayland real estate market had 64 homes for sale in June 2024, a 23.1% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 21 | 22 | +4.8% |
| 4 Bedrooms | 15 | 17 | +13.3% |
| 5+ Bedrooms | 8 | 15 | +87.5% |
Summary: The Wayland housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 87.5%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 14 | 16 | +14.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wayland, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Wayland in June 2024, up by 14.3% month-over-month. Of the 16 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 26 Days | 17 Days | -33.9% |
Summary: Homes in Wayland had an average of 17 days on market in Jun 2024, down by 33.9% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wayland are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 16 homes were sold in Wayland; 81% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
