Is Wayne County, OH 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.
Housing Prices in Wayne County, OH
How much do homes in Wayne County, OH cost?
Median Sold Price
$229,983
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Wayne County was $229,983 in May 2024, up 7.1% 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 | $71.7K | $106.4K | +48.4% |
2 Bedrooms | $153K | $184.4K | +20.6% |
3 Bedrooms | $213.4K | $225K | +5.4% |
4 Bedrooms | $285K | $292.5K | +2.6% |
5+ Bedrooms | $298.7K | $335K | +12.1% |
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 48.4%, 2 bedroom homes increased by 20.6%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 12.1%.
Median Sold Price Compared To Nearby Counties
Medina County | $290K | $320.2K | +10.4% |
Holmes County | $241.5K | $263K | +8.9% |
Stark County | $180.5K | $194.2K | +7.6% |
Wayne County | $214.7K | $229.9K | +7.1% |
Ashland County | $195K | $200K | +2.6% |
Housing Supply in Wayne County, OH
How many homes are available in Wayne County, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
244 | 262 | +7.4% |
Summary: The Wayne County real estate market had 262 homes for sale in May 2024, a 7.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 39 | 44 | +12.8% |
3 Bedrooms | 132 | 134 | +1.5% |
4 Bedrooms | 58 | 63 | +8.6% |
5+ Bedrooms | 15 | 20 | +33.3% |
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 100%, 2 bedroom homes increased by 12.8%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
83 | 71 | -14.5% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
32 Homes Were Sold
Over Asking
Summary: A total of 71 homes were sold or pending in Wayne County in May 2024, down by 14.5% month-over-month. Of the 70 sold homes, 41% were sold under asking, 13% were sold at asking, and 46% were sold over asking.
Days on Market for Wayne County, OH
How long does it take to sell a home in Wayne County, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
30 Days | 25 Days | -16.9% |
Summary: Homes in Wayne County had an average of 25 days on market in May 2024, down by 16.9% compared to last year.
Breakdown of Home Sale Times
55 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 71 homes were sold in Wayne County; 77% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.