Is Wayne Township, 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 Township has remained a Seller's Market.
Key Takeaway
Wayne Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wayne Township, PA
How much do homes in Wayne Township, PA cost?
Median Sold Price
$759,333
$307/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Wayne Township have sold for 11.2% more than they did a year ago.
Summary: The median home sold price in Wayne Township was $759,333 in March 2024, up 11.2% from last year, and the median price per square foot was $307.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190K | $225K | +18.4% |
| 2 Bedrooms | $268K | $309.9K | +15.7% |
| 3 Bedrooms | $505K | $592.5K | +17.3% |
| 4 Bedrooms | $788K | $887.5K | +12.6% |
| 5+ Bedrooms | $1.4M | $1.4M | +2.1% |
Summary: Wayne Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.4%, 2 bedroom homes increased by 15.7%, 3 bedroom homes increased by 17.3%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes increased by 2.1%.
Median Sold Price Compared To Nearby Cities
| Wayne Township | $683K | $759.3K | +11.2% |
| South Manheim Township | $372.5K | $303.2K | -18.6% |
Housing Supply in Wayne Township, PA
How many homes are available in Wayne Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 132 | 133 | +0.8% |
Summary: The Wayne Township real estate market had 133 homes for sale in March 2024, a 0.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 11 | 7 | -36.4% |
| 3 Bedrooms | 36 | 37 | +2.8% |
| 4 Bedrooms | 43 | 46 | +7.0% |
| 5+ Bedrooms | 37 | 39 | +5.4% |
Summary: The Wayne Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 36.4%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 5.4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 22 | 23 | +4.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wayne Township, you could pay more than the asking price. 52.2% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in Wayne Township in March 2024, up by 4.5% month-over-month. Of the 23 sold homes, 9% were sold under asking, 39% were sold at asking, and 52% were sold over asking.
Days on Market for Wayne Township, PA
How long does it take to sell a home in Wayne Township, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 21 Days | 12 Days | -41.4% |
Summary: Homes in Wayne Township had an average of 12 days on market in Mar 2024, down by 41.4% compared to last year.
Breakdown of Home Sale Times
20 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 Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 23 homes were sold in Wayne Township; 87% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
