Is Wayne Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Wayne Township has remained a Seller's Market.
Housing Prices in Wayne Township, PA
How much do homes in Wayne Township, PA cost?
Median Sold Price
$900,000
$327/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Wayne Township was $900,000 in April 2024, up 15.4% from last year, and the median price per square foot was $327.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $197.5K | $225K | +13.9% |
2 Bedrooms | $290.5K | $310K | +6.7% |
3 Bedrooms | $574K | $632.5K | +10.2% |
4 Bedrooms | $850.5K | $950K | +11.7% |
5+ Bedrooms | $1.4M | $1.4M | +5.1% |
Summary: Wayne Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.9%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes increased by 5.1%.
Housing Supply in Wayne Township, PA
How many homes are available in Wayne Township, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
77 | 104 | +35.1% |
Summary: The Wayne Township real estate market had 104 homes for sale in April 2024, a 35.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 4 | 5 | +25.0% |
3 Bedrooms | 19 | 28 | +47.4% |
4 Bedrooms | 31 | 37 | +19.4% |
5+ Bedrooms | 20 | 30 | +50.0% |
Summary: The Wayne Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 47.4%, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 28 | +64.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in Wayne Township in April 2024, up by 64.7% month-over-month. Of the 28 sold homes, 29% were sold under asking, 7% were sold at asking, and 64% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
8 Days | 16 Days | +87.8% |
Summary: Homes in Wayne Township had an average of 16 days on market in Apr 2024, up by 87.8% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 28 homes were sold in Wayne Township; 89% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.