Is Wayne Township, OH 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, Wayne Township was a Seller's Market.
Key Takeaway
Wayne Township 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 Wayne Township, OH
How much do homes in Wayne Township, OH cost?
Median Sold Price
$240,000
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Wayne Township have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in Wayne Township was $240,000 in March 2024, up 1.1% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $30K | N/A |
| 2 Bedrooms | $140K | $37.5K | -73.2% |
| 3 Bedrooms | $220.2K | $225K | +2.2% |
| 4 Bedrooms | $315.1K | $415K | +31.7% |
| 5+ Bedrooms | $470K | $415K | -11.7% |
Summary: Wayne Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 73.2%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 31.7%, and 5+ bedroom homes decreased by 11.7%.
Median Sold Price Compared To Nearby Cities
| Canaan Township | $166.5K | $199.4K | +19.8% |
| Wooster | $219.9K | $233.7K | +6.3% |
| Wayne Township | $237.5K | $240K | +1.1% |
| Green Township | $212.4K | $180K | -15.3% |
Housing Supply in Wayne Township, OH
How many homes are available in Wayne Township, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 13 | +8.3% |
Summary: The Wayne Township real estate market had 13 homes for sale in March 2024, a 8.3% 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 7 | 9 | +28.6% |
| 4 Bedrooms | 1 | 3 | +200.0% |
| 5+ Bedrooms | 2 | 0 | -100.0% |
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 decreased by 50%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 200%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wayne Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Wayne Township in March 2024, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Wayne Township, OH
How long does it take to sell a home in Wayne Township, OH?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 68 Days | 36 Days | -46.7% |
Summary: Homes in Wayne Township had an average of 36 days on market in Mar 2024, down by 46.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wayne Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in Wayne Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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