$2,968 Closing Credit*
$249,900
819 SqFt
1 Bed
•1 Full Bath
William Rosato, Listing Office: BHHS Fox & Roach-Malvern
Is Wayne, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$321/sqft
Based on all homes sold in the last 12 months.
Difference Since October 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 October 2024, up 15.4% from last year, and the median price per square foot was $321.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $227.5K | $240.7K | +5.8% |
| 2 Bedrooms | $344.5K | $351.5K | +2.0% |
| 3 Bedrooms | $566.5K | $624.5K | +10.2% |
| 4 Bedrooms | $860.2K | $950K | +10.4% |
| 5+ Bedrooms | $1.4M | $1.5M | +8.4% |
Summary: Wayne housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.8%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 8.4%.
Median Sold Price Compared To Nearby Cities
| Wayne | $650K | $750K | +15.4% |
| Tredyffrin Township | $635K | $707.6K | +11.4% |
| Upper Merion Township | $495.3K | $500K | +0.9% |
| Devon | $865K | $850K | -1.7% |
| Easttown Township | $950K | $850K | -10.5% |
Housing Supply in Wayne, PA
How many homes are available in Wayne, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 124 | 119 | -4.0% |
Summary: The Wayne real estate market had 119 homes for sale in October 2024, a 4.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 7 | +16.7% |
| 2 Bedrooms | 15 | 15 | 0.0% |
| 3 Bedrooms | 26 | 25 | -3.8% |
| 4 Bedrooms | 41 | 41 | 0.0% |
| 5+ Bedrooms | 36 | 31 | -13.9% |
Summary: The Wayne housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 3.8%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 13.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 46 | +70.4% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wayne, you could pay more than the asking price. 41.3% of homes here sold above asking price last month.
Summary: A total of 46 homes were sold or pending in Wayne in October 2024, up by 70.4% month-over-month. Of the 46 sold homes, 39% were sold under asking, 20% were sold at asking, and 41% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 36 Days | 22 Days | -37.5% |
Summary: Homes in Wayne had an average of 22 days on market in Oct 2024, down by 37.5% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wayne are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 46 homes were sold in Wayne; 80% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
