$3,205 Closing Credit*
$269,900
2,200 SqFt
4 Beds
•2 Full Baths
Michael S Hamame, Listing Office: Ray Anthony Real Estate LLC
Is Wayne, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Wayne has remained a Seller's Market.
Key Takeaway
Wayne is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wayne, MI
How much do homes in Wayne, MI cost?
Median Sold Price
$175,000
$130/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$24,500(+16.3%)
Key Takeaway
Homes in Wayne have sold for 16.3% more than they did a year ago.
Summary: The median home sold price in Wayne was $175,000 in November 2024, up 16.3% from last year, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $135K | N/A |
| 2 Bedrooms | $130K | $129K | -0.7% |
| 3 Bedrooms | $155K | $175K | +12.9% |
| 4 Bedrooms | $219.5K | $218K | -0.7% |
| 5+ Bedrooms | $180K | $345K | +91.7% |
Summary: Wayne housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.7%, 3 bedroom homes increased by 12.9%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes increased by 91.7%.
Housing Supply in Wayne, MI
How many homes are available in Wayne, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 52 | 58 | +11.5% |
Summary: The Wayne real estate market had 58 homes for sale in November 2024, a 11.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 8 | +33.3% |
| 3 Bedrooms | 32 | 37 | +15.6% |
| 4 Bedrooms | 13 | 12 | -7.7% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Wayne 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 33.3%, 3 bedroom homes increased by 15.6%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 14 | +16.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wayne, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Wayne in November 2024, up by 16.7% month-over-month. Of the 14 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for Wayne, MI
How long does it take to sell a home in Wayne, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 34 Days | 32 Days | -5.5% |
Summary: Homes in Wayne had an average of 32 days on market in Nov 2024, down by 5.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Wayne are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 14 homes were sold in Wayne; 57% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
