$10,000 Closing Credit*
$1,600,000
3,676 SqFt
5 Beds
•4 Full Baths, 1 Partial
Jessica A Enochs, Listing Office: BHHS Fox & Roach-Haverford
Is Wayne, PA 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, PA
How much do homes in Wayne, PA cost?
Median Sold Price
$750,000
$323/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$100,000(+15.4%)
Key Takeaway
Homes in Wayne have sold for 15.4% more than they did a year ago.
Summary: The median home sold price in Wayne was $750,000 in November 2024, up 15.4% from last year, and the median price per square foot was $323.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $229K | $235K | +2.6% |
| 2 Bedrooms | $345K | $347.5K | +0.7% |
| 3 Bedrooms | $551.5K | $613K | +11.2% |
| 4 Bedrooms | $863K | $965K | +11.8% |
| 5+ Bedrooms | $1.4M | $1.6M | +10.7% |
Summary: Wayne housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.6%, 2 bedroom homes increased by 0.7%, 3 bedroom homes increased by 11.2%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 10.7%.
Median Sold Price Compared To Nearby Cities
| Wayne | $650K | $750K | +15.4% |
| Tredyffrin Township | $636.8K | $706.2K | +10.9% |
| Upper Merion Township | $495.3K | $506.5K | +2.3% |
| Devon | $865K | $815.5K | -5.7% |
| Easttown Township | $927.5K | $850K | -8.4% |
Housing Supply in Wayne, PA
How many homes are available in Wayne, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 114 | 101 | -11.4% |
Summary: The Wayne real estate market had 101 homes for sale in November 2024, a 11.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 6 | -14.3% |
| 2 Bedrooms | 15 | 19 | +26.7% |
| 3 Bedrooms | 25 | 16 | -36.0% |
| 4 Bedrooms | 39 | 32 | -17.9% |
| 5+ Bedrooms | 28 | 28 | 0.0% |
Summary: The Wayne housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 26.7%, 3 bedroom homes decreased by 36%, 4 bedroom homes decreased by 17.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 46 | 30 | -34.8% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wayne, you may be able to get a good deal. 43.3% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in Wayne in November 2024, down by 34.8% month-over-month. Of the 30 sold homes, 43% were sold under asking, 20% were sold at asking, and 37% were sold over asking.
Days on Market for Wayne, PA
How long does it take to sell a home in Wayne, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 45 Days | 19 Days | -56.7% |
Summary: Homes in Wayne had an average of 19 days on market in Nov 2024, down by 56.7% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
4 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, 30 homes were sold in Wayne; 83% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
