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
$875,333
$327/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 $875,333 in May 2024, up 12.9% from last year, and the median price per square foot was $327.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $205K | $225K | +9.8% |
2 Bedrooms | $279.2K | $310K | +11.0% |
3 Bedrooms | $580K | $628.5K | +8.4% |
4 Bedrooms | $859K | $920K | +7.1% |
5+ Bedrooms | $1.4M | $1.4M | +3.3% |
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 11%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 3.3%.
Median Sold Price Compared To Nearby Cities
Wayne Township | $775K | $875.3K | +12.9% |
Middle Paxton Township | $337.5K | $320K | -5.2% |
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 |
---|---|---|
104 | 111 | +6.7% |
Summary: The Wayne Township real estate market had 111 homes for sale in May 2024, a 6.7% 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 | 9 | +125.0% |
3 Bedrooms | 28 | 26 | -7.1% |
4 Bedrooms | 39 | 36 | -7.7% |
5+ Bedrooms | 29 | 34 | +17.2% |
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 125%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 17.2%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
28 | 21 | -25.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Wayne Township in May 2024, down by 25.0% month-over-month. Of the 21 sold homes, 19% were sold under asking, 19% were sold at asking, and 62% 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 | 18 Days | +148.3% |
Summary: Homes in Wayne Township had an average of 18 days on market in May 2024, up by 148.3% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 21 homes were sold in Wayne Township; 86% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.