$425,000
0.72 Acres
Land
Patricia Kolea, Listing Office: Coldwell Banker Realty
Is Wayne Township, 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 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, PA
How much do homes in Wayne Township, PA cost?
Median Sold Price
$902,000
$337/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$34,666(+4.0%)
Key Takeaway
Homes in Wayne Township have sold for 4% more than they did a year ago.
Summary: The median home sold price in Wayne Township was $902,000 in October 2024, up 4% from last year, and the median price per square foot was $337.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | $230K | +2.2% |
| 2 Bedrooms | $307K | $320K | +4.2% |
| 3 Bedrooms | $600K | $700K | +16.7% |
| 4 Bedrooms | $912.5K | $995K | +9.0% |
| 5+ Bedrooms | $1.4M | $1.6M | +10.4% |
Summary: Wayne Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.2%, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 10.4%.
Housing Supply in Wayne Township, PA
How many homes are available in Wayne Township, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 98 | 91 | -7.1% |
Summary: The Wayne Township real estate market had 91 homes for sale in October 2024, a 7.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 19 | 16 | -15.8% |
| 4 Bedrooms | 32 | 34 | +6.3% |
| 5+ Bedrooms | 34 | 29 | -14.7% |
Summary: The Wayne Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 15.8%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 14.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 33 | +57.1% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wayne Township, you may be able to get a good deal. 42.4% of homes here sold below asking price last month.
Summary: A total of 33 homes were sold or pending in Wayne Township in October 2024, up by 57.1% month-over-month. Of the 33 sold homes, 42% were sold under asking, 15% were sold at asking, and 42% were sold over asking.
Days on Market for Wayne Township, PA
How long does it take to sell a home in Wayne Township, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 46 Days | 25 Days | -45.7% |
Summary: Homes in Wayne Township had an average of 25 days on market in Oct 2024, down by 45.7% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wayne Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 33 homes were sold in Wayne Township; 79% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
