Is Wayne Township, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wayne Township is a seller's market

Buyer's
Market

Difference Since April 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, IN

How much do homes in Wayne Township, IN cost?

Median Sold Price

$194,025

$130/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$9,025(+4.9%)

Key Takeaway

Homes in Wayne Township have sold for 4.9% more than they did a year ago.

Summary: The median home sold price in Wayne Township was $194,025 in April 2024, up 4.9% from last year, and the median price per square foot was $130.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $100K$80K
-20.0%
2 $130K$140K
+7.7%
3 $200K$204.7K
+2.4%
4 $245K$255K
+4.1%
5+ $354.9K$322.5K
-9.2%

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 20%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes decreased by 9.2%.

Median Sold Price Compared To Nearby Cities

Wayne Township
+4.9%
Pike Township
+4.2%
Speedway
+3.8%
Washington Township
+2.4%
Clermont
-20.5%

Housing Supply in Wayne Township, IN

How many homes are available in Wayne Township, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
370347-6.2%

Summary: The Wayne Township real estate market had 347 homes for sale in April 2024, a 6.2% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 22
0.0%
2 10094
-6.0%
3 184178
-3.3%
4 5847
-19.0%
5+ 2626
0.0%

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 6%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes decreased by 19%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
119111-6.7%

Asking Price vs. Sold Price

56 Homes Were Sold
Under Asking

25 Homes Were Sold
At Asking

30 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wayne Township, you may be able to get a good deal. 50.5% of homes here sold below asking price last month.

Summary: A total of 111 homes were sold or pending in Wayne Township in April 2024, down by 6.7% month-over-month. Of the 111 sold homes, 50% were sold under asking, 23% were sold at asking, and 27% were sold over asking.

Days on Market for Wayne Township, IN

How long does it take to sell a home in Wayne Township, IN?

Average Sale Time

Apr 2023Apr 2024CHANGE
32 Days25 Days-21.6%

Summary: Homes in Wayne Township had an average of 25 days on market in Apr 2024, down by 21.6% compared to last year.

Breakdown of Home Sale Times

85 Homes Were Sold
Under 30 Days

17 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Wayne Township are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 111 homes were sold in Wayne Township; 77% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 5 Days Ago

Newest Listings in Wayne Township, IN

Nearby Markets to Wayne Township, IN

What housing markets are near Wayne Township, IN?