Is Wayne Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$769,666
$314/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Wayne Township was $769,666 in May 2024, up 17.5% from last year, and the median price per square foot was $314.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $205K | $225K | +9.8% |
2 Bedrooms | $268K | $307.4K | +14.7% |
3 Bedrooms | $501K | $595K | +18.8% |
4 Bedrooms | $827.5K | $875K | +5.7% |
5+ Bedrooms | $1.3M | $1.4M | +5.5% |
Summary: Wayne Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.8%, 2 bedroom homes increased by 14.7%, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 5.5%.
Median Sold Price Compared To Nearby Cities
Wayne Township | $655K | $769.6K | +17.5% |
South Manheim Township | $335K | $342.7K | +2.3% |
Housing Supply in Wayne Township, PA
How many homes are available in Wayne Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
116 | 124 | +6.9% |
Summary: The Wayne Township real estate market had 124 homes for sale in May 2024, a 6.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 6 | +50.0% |
2 Bedrooms | 4 | 10 | +150.0% |
3 Bedrooms | 37 | 34 | -8.1% |
4 Bedrooms | 41 | 38 | -7.3% |
5+ Bedrooms | 30 | 36 | +20.0% |
Summary: The Wayne Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 150%, 3 bedroom homes decreased by 8.1%, 4 bedroom homes decreased by 7.3%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
32 | 23 | -28.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Wayne Township in May 2024, down by 28.1% month-over-month. Of the 23 sold homes, 26% were sold under asking, 17% were sold at asking, and 57% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
7 Days | 23 Days | +225.2% |
Summary: Homes in Wayne Township had an average of 23 days on market in May 2024, up by 225.2% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 23 homes were sold in Wayne Township; 83% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.