Is Wayne Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wayne Township is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Wayne Township, IL

How much do homes in Wayne Township, IL cost?

Median Sold Price

$399,966

$209/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$44,966(+12.7%)

Key Takeaway

Homes in Wayne Township have sold for 12.7% more than they did a year ago.

Summary: The median home sold price in Wayne Township was $399,966 in October 2024, up 12.7% from last year, and the median price per square foot was $209.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $225K$150K
-33.3%
2 $273K$295K
+8.1%
3 $330K$369.5K
+12.0%
4 $450K$493.7K
+9.7%
5+ $546.9K$569.9K
+4.2%

Summary: Wayne Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 4.2%.

Median Sold Price Compared To Nearby Cities

Wayne Township
+12.7%
West Chicago
+9.7%
Hanover Park
+9.1%
Bartlett
+8.7%
Wayne
-0.3%

Housing Supply in Wayne Township, IL

How many homes are available in Wayne Township, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
165172+4.2%

Summary: The Wayne Township real estate market had 172 homes for sale in October 2024, a 4.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1415
+7.1%
3 9291
-1.1%
4 5258
+11.5%
5+ 78
+14.3%

Summary: The Wayne Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7.1%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4957+16.3%

Asking Price vs. Sold Price

27 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

19 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wayne Township, you may be able to get a good deal. 47.4% of homes here sold below asking price last month.

Summary: A total of 57 homes were sold or pending in Wayne Township in October 2024, up by 16.3% month-over-month. Of the 57 sold homes, 47% were sold under asking, 19% were sold at asking, and 33% were sold over asking.

Days on Market for Wayne Township, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
17 Days23 Days+37.2%

Summary: Homes in Wayne Township had an average of 23 days on market in Oct 2024, up by 37.2% compared to last year.

Breakdown of Home Sale Times

48 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 57 homes were sold in Wayne Township; 84% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 7% 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 16 Days Ago

Newest Listings in Wayne Township, IL

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