Is Wayland, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Wayland was a Seller's Market.
Key Takeaway
Wayland is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Wayland, MA
How much do homes in Wayland, MA cost?
Median Sold Price
$1,051,000
$416/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Wayland have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in Wayland was $1,051,000 in March 2024, up 8.4% from last year, and the median price per square foot was $416.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $527.5K | $690K | +30.8% |
| 2 Bedrooms | $754.5K | $851.2K | +12.8% |
| 3 Bedrooms | $870K | $927.5K | +6.6% |
| 4 Bedrooms | $1.1M | $1.2M | +7.6% |
| 5+ Bedrooms | $1.7M | $1.8M | +7.6% |
Summary: Wayland housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.8%, 2 bedroom homes increased by 12.8%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 7.6%.
Median Sold Price Compared To Nearby Cities
| Weston | $2.0M | $2.2M | +10.2% |
| Wayland | $970K | $1.0M | +8.4% |
| Framingham | $596.3K | $632K | +6.0% |
| Natick | $820.7K | $850K | +3.6% |
| Sudbury | $1.0M | $1.0M | +0.6% |
Housing Supply in Wayland, MA
How many homes are available in Wayland, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 29 | 32 | +10.3% |
Summary: The Wayland real estate market had 32 homes for sale in March 2024, a 10.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 3 | -40.0% |
| 3 Bedrooms | 13 | 14 | +7.7% |
| 4 Bedrooms | 7 | 10 | +42.9% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Wayland 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 decreased by 40%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wayland, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Wayland in March 2024, up by 25.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 49 Days | 12 Days | -75.9% |
Summary: Homes in Wayland had an average of 12 days on market in Mar 2024, down by 75.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 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 March 2024, 5 homes were sold in Wayland; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
