Is Wayne, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Wayne has remained a Seller's Market.
Key Takeaway
Wayne is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wayne, PA
How much do homes in Wayne, PA cost?
Median Sold Price
$646,666
$298/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Wayne have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in Wayne was $646,666 in March 2024, up 3.3% from last year, and the median price per square foot was $298.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $210K | $235K | +11.9% |
| 2 Bedrooms | $310.5K | $345K | +11.1% |
| 3 Bedrooms | $550K | $587.5K | +6.8% |
| 4 Bedrooms | $820.5K | $898.5K | +9.5% |
| 5+ Bedrooms | $1.4M | $1.4M | +4.2% |
Summary: Wayne housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.9%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 4.2%.
Median Sold Price Compared To Nearby Cities
| Upper Merion Township | $435K | $506.3K | +16.4% |
| Devon | $775K | $899K | +16.0% |
| Wayne | $626.2K | $646.6K | +3.3% |
| Tredyffrin Township | $622.5K | $628.3K | +0.9% |
| Easttown Township | $945K | $950K | 0.5% |
Housing Supply in Wayne, PA
How many homes are available in Wayne, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 157 | 147 | -6.4% |
Summary: The Wayne real estate market had 147 homes for sale in March 2024, a 6.4% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 29 | 19 | -34.5% |
| 3 Bedrooms | 36 | 34 | -5.6% |
| 4 Bedrooms | 48 | 49 | +2.1% |
| 5+ Bedrooms | 38 | 39 | +2.6% |
Summary: The Wayne 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 34.5%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 2.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 28 | 29 | +3.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wayne, you could pay more than the asking price. 69% of homes here sold above asking price last month.
Summary: A total of 29 homes were sold or pending in Wayne in March 2024, up by 3.6% month-over-month. Of the 29 sold homes, 10% were sold under asking, 21% were sold at asking, and 69% were sold over asking.
Days on Market for Wayne, PA
How long does it take to sell a home in Wayne, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 23 Days | 10 Days | -52.6% |
Summary: Homes in Wayne had an average of 10 days on market in Mar 2024, down by 52.6% compared to last year.
Breakdown of Home Sale Times
26 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 Wayne are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 29 homes were sold in Wayne; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
