Is Wayne Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 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.
How much do homes in Wayne Township, PA cost?
Median Sold Price
$900,000
$321/sqft
Based on all homes sold in May 2023.
Difference Since Last Month
+$117,500(+15.0%)
Key Takeaway
Homes in Wayne Township have sold for 15% more than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS | Apr 2023 | May 2023 | % |
|---|---|---|---|
| 1 Bedroom | $218K | - | N/A |
| 2 Bedrooms | $370K | $413.5K | +11.8% |
| 3 Bedrooms | $595K | $650K | +9.2% |
| 4 Bedrooms | $1.0M | $1.5M | +47.6% |
| 5+ Bedrooms | $1.1M | $1.3M | +23.6% |
How many homes are available in Wayne Township, PA?
Number of Homes For Sale
| Apr 2023 | May 2023 | % |
|---|---|---|
| 93 | 102 | +9.7% |
Homes For Sale By Bedroom Count
| # BEDS | Apr 2023 | May 2023 | % |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 26 | 32 | +23.1% |
| 4 Bedrooms | 35 | 34 | -2.9% |
| 5+ Bedrooms | 23 | 28 | +21.7% |
Number of Homes Sold
| Apr 2023 | May 2023 | % |
|---|---|---|
| 22 | 25 | +13.6% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wayne Township, you could pay more than the asking price. 72% of homes here sold above asking price last month.
How long does it take to sell a home in Wayne Township, PA?
How long does it take to sell a home in Wayne Township, PA?
Average Sale Time
| Apr 2023 | May 2023 | % |
|---|---|---|
| 8 Days | 7 Days | -17.0% |
Breakdown of Home Sale Times
24 Homes Were 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.
The multiple listing information is provided by West Penn Multi-List, Inc. Information deemed reliable, but not guaranteed. IDX info provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale, change, or withdrawal. Listings displaying the IDX logo belong to brokers other than this broker. Neither the listing broker(s) nor this broker or the MLS shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.