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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wayne Township is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Wayne Township was a Seller's Market.

Key Takeaway

Wayne Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Wayne Township, IN

How much do homes in Wayne Township, IN cost?

Median Sold Price

$561,950

$162/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$279,675(+99.1%)

Key Takeaway

Homes in Wayne Township have sold for 99.1% more than they did a month ago.

Summary: The median home sold price in Wayne Township was $561,950 in November 2024, up 99.1% from last month, and the median price per square foot was $162.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $167K-
N/A
3 $361.5K$282.5K
-21.9%
4 $575K$664.9K
+15.6%
5+ -$724.9K
N/A

Summary: Wayne Township housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 21.9%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Wayne Township
+99.1%
Charlottesville
-91.4%

Housing Supply in Wayne Township, IN

How many homes are available in Wayne Township, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2324+4.3%

Summary: The Wayne Township real estate market had 24 homes for sale in November 2024, a 4.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1112
+9.1%
3 66
0.0%
4 32
-33.3%
5+ 34
+33.3%

Summary: The Wayne Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 9.1%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
64-33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wayne Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 4 homes were sold or pending in Wayne Township in November 2024, down by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.

Days on Market for Wayne Township, IN

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

Average Sale Time

Oct 2024Nov 2024CHANGE
239 Days66 Days-72.3%

Summary: Homes in Wayne Township had an average of 66 days on market in Nov 2024, down by 72.3% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was 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 November 2024, 4 homes were sold in Wayne Township; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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 2 Days Ago

Newest Listings in Wayne Township, IN

Nearby Markets to Wayne Township, IN