Is Wayne County, NY 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 County has remained a Seller's Market.
Key Takeaway
Wayne County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wayne County, NY
How much do homes in Wayne County, NY cost?
Median Sold Price
$211,305
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Wayne County have sold for 10.9% more than they did a year ago.
Summary: The median home sold price in Wayne County was $211,305 in May 2024, up 10.9% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $86K | $95.5K | +11.1% |
| 2 Bedrooms | $139K | $160K | +15.1% |
| 3 Bedrooms | $186.8K | $210K | +12.4% |
| 4 Bedrooms | $216K | $242.1K | +12.1% |
| 5+ Bedrooms | $315K | $243.7K | -22.6% |
Summary: Wayne County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 15.1%, 3 bedroom homes increased by 12.4%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes decreased by 22.6%.
Median Sold Price Compared To Nearby Counties
| Wayne County | $190.5K | $211.3K | +10.9% |
| Monroe County | $214.8K | $234.9K | +9.4% |
| Seneca County | $173K | $177.9K | +2.8% |
| Ontario County | $281.2K | $279.8K | -0.5% |
| Cayuga County | $178.4K | $176.6K | -1.1% |
Housing Supply in Wayne County, NY
How many homes are available in Wayne County, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 203 | 216 | +6.4% |
Summary: The Wayne County real estate market had 216 homes for sale in May 2024, a 6.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 24 | 31 | +29.2% |
| 3 Bedrooms | 99 | 93 | -6.1% |
| 4 Bedrooms | 50 | 62 | +24.0% |
| 5+ Bedrooms | 26 | 25 | -3.8% |
Summary: The Wayne County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 29.2%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes increased by 24%, and 5+ bedroom homes decreased by 3.8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 52 | 41 | -21.2% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wayne County, you could pay more than the asking price. 70.7% of homes here sold above asking price last month.
Summary: A total of 41 homes were sold or pending in Wayne County in May 2024, down by 21.2% month-over-month. Of the 41 sold homes, 22% were sold under asking, 7% were sold at asking, and 71% were sold over asking.
Days on Market for Wayne County, NY
How long does it take to sell a home in Wayne County, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 25 Days | 14 Days | -42.7% |
Summary: Homes in Wayne County had an average of 14 days on market in May 2024, down by 42.7% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wayne County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 41 homes were sold in Wayne County; 93% of homes were sold within 30 days, 2% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
Information being provided by Brooklyn Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.