Is Wayne Township, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wayne Township is a neutral's market

Buyer's
Market

Difference Since May 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

$230,000

$130/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$13,500(+6.2%)

Key Takeaway

Homes in Wayne Township have sold for 6.2% more than they did a year ago.

Summary: The median home sold price in Wayne Township was $230,000 in May 2024, up 6.2% from last year, and the median price per square foot was $130.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$30K
N/A
2 $145K$175K
+20.7%
3 $191.8K$199K
+3.7%
4 $315.1K$415K
+31.7%
5+ $475K$415K
-12.6%

Summary: Wayne Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20.7%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 31.7%, and 5+ bedroom homes decreased by 12.6%.

Median Sold Price Compared To Nearby Cities

Canaan Township
+8.2%
Wayne Township
+6.2%
Wooster
+2.5%
Green Township
-7.3%

Housing Supply in Wayne Township, OH

How many homes are available in Wayne Township, OH?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1821+16.7%

Summary: The Wayne Township real estate market had 21 homes for sale in May 2024, a 16.7% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 1414
0.0%
4 24
+100.0%
5+ 00
0.0%

Summary: The Wayne Township 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 increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
83-62.5%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wayne Township, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Wayne Township in May 2024, down by 62.5% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% 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

May 2023May 2024CHANGE
14 Days27 Days+94.8%

Summary: Homes in Wayne Township had an average of 27 days on market in May 2024, up by 94.8% compared to last year.

Breakdown of Home Sale Times

2 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 Wayne Township are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 3 homes were sold in Wayne Township; 67% of homes were sold within 30 days, 33% 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 Wayne Township, OH

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