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
At the same time last year, Wayne Township was a Seller's Market.
Housing Prices in Wayne Township, PA
How much do homes in Wayne Township, PA cost?
Median Sold Price
$875,000
$317/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Wayne Township was $875,000 in March 2024, up 12.2% from last year, and the median price per square foot was $317.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $190K | $225K | +18.4% |
2 Bedrooms | $279.2K | $310K | +11.0% |
3 Bedrooms | $568K | $628.5K | +10.7% |
4 Bedrooms | $843K | $930.7K | +10.4% |
5+ Bedrooms | $1.4M | $1.4M | -0.3% |
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 11%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes decreased by 0.3%.
Median Sold Price Compared To Nearby Cities
Wayne Township | $780K | $875K | +12.2% |
Middle Paxton Township | $337.5K | $300K | -11.1% |
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 |
---|---|---|
117 | 115 | -1.7% |
Summary: The Wayne Township real estate market had 115 homes for sale in March 2024, a 1.7% decrease 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 | 10 | 6 | -40.0% |
3 Bedrooms | 27 | 26 | -3.7% |
4 Bedrooms | 40 | 42 | +5.0% |
5+ Bedrooms | 35 | 37 | +5.7% |
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 40%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 5.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
21 | 19 | -9.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Wayne Township in March 2024, down by 9.5% month-over-month. Of the 19 sold homes, 16% were sold under asking, 32% were sold at asking, and 53% 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 |
---|---|---|
22 Days | 14 Days | -36.5% |
Summary: Homes in Wayne Township had an average of 14 days on market in Mar 2024, down by 36.5% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 19 homes were sold in Wayne Township; 84% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.