Is Wayne, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wayne is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Wayne has remained a Seller's Market.

Key Takeaway

Wayne is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Wayne, PA

How much do homes in Wayne, PA cost?

Median Sold Price

$754,002

$322/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$114,002(+17.8%)

Key Takeaway

Homes in Wayne have sold for 17.8% more than they did a year ago.

Summary: The median home sold price in Wayne was $754,002 in September 2024, up 17.8% from last year, and the median price per square foot was $322.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $225K$235K
+4.4%
2 $343.5K$350K
+1.9%
3 $550K$626.7K
+14.0%
4 $850K$975K
+14.7%
5+ $1.4M$1.5M
+4.2%

Summary: Wayne housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.4%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 14.7%, and 5+ bedroom homes increased by 4.2%.

Median Sold Price Compared To Nearby Cities

Wayne
+17.8%
Tredyffrin Township
+10.9%
Upper Merion Township
+3.1%
Devon
-0.5%
Easttown Township
-8.2%

Housing Supply in Wayne, PA

How many homes are available in Wayne, PA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
126124-1.6%

Summary: The Wayne real estate market had 124 homes for sale in September 2024, a 1.6% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 66
0.0%
2 1915
-21.1%
3 2329
+26.1%
4 4240
-4.8%
5+ 3634
-5.6%

Summary: The Wayne housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 21.1%, 3 bedroom homes increased by 26.1%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes decreased by 5.6%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
4826-45.8%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wayne, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 26 homes were sold or pending in Wayne in September 2024, down by 45.8% month-over-month. Of the 26 sold homes, 38% were sold under asking, 12% were sold at asking, and 50% were sold over asking.

Days on Market for Wayne, PA

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

Average Sale Time

Sep 2023Sep 2024CHANGE
20 Days19 Days-1.7%

Summary: Homes in Wayne had an average of 19 days on market in Sep 2024, down by 1.7% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 26 homes were sold in Wayne; 85% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 4% 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 30 Days Ago

Newest Listings in Wayne, PA

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