Is Wayne Township, IL 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, IL
How much do homes in Wayne Township, IL cost?
Median Sold Price
$375,000
$203/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 $375,000 in April 2024, up 8.7% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $225K | $150K | -33.3% |
2 Bedrooms | $255K | $283.7K | +11.3% |
3 Bedrooms | $315.1K | $349K | +10.7% |
4 Bedrooms | $433.7K | $487.5K | +12.4% |
5+ Bedrooms | $541K | $548.8K | +1.4% |
Summary: Wayne Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes increased by 1.4%.
Median Sold Price Compared To Nearby Cities
West Chicago | $310K | $351.6K | +13.4% |
Wayne Township | $345K | $375K | +8.7% |
Bartlett | $348K | $375K | +7.8% |
Hanover Park | $275K | $281.6K | +2.4% |
Housing Supply in Wayne Township, IL
How many homes are available in Wayne Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
143 | 162 | +13.3% |
Summary: The Wayne Township real estate market had 162 homes for sale in April 2024, a 13.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 20 | 18 | -10.0% |
3 Bedrooms | 63 | 68 | +7.9% |
4 Bedrooms | 49 | 63 | +28.6% |
5+ Bedrooms | 11 | 13 | +18.2% |
Summary: The Wayne Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
55 | 50 | -9.1% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
33 Homes Were Sold
Over Asking
Summary: A total of 50 homes were sold or pending in Wayne Township in April 2024, down by 9.1% month-over-month. Of the 50 sold homes, 20% were sold under asking, 14% were sold at asking, and 66% were sold over asking.
Days on Market for Wayne Township, IL
How long does it take to sell a home in Wayne Township, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
22 Days | 7 Days | -65.8% |
Summary: Homes in Wayne Township had an average of 7 days on market in Apr 2024, down by 65.8% compared to last year.
Breakdown of Home Sale Times
49 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 50 homes were sold in Wayne Township; 98% of homes were sold within 30 days, 2% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.