Is Wayne Township, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Wayne Township has remained a Seller's Market.
Housing Prices in Wayne Township, IN
How much do homes in Wayne Township, IN cost?
Median Sold Price
$335,000
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Wayne Township was $335,000 in May 2024, up 9.8% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $307.9K | $347.5K | +12.9% |
3 Bedrooms | $281K | $288K | +2.5% |
4 Bedrooms | $367.9K | $399K | +8.4% |
5+ Bedrooms | $442K | $457K | +3.4% |
Summary: Wayne Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.9%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 3.4%.
Median Sold Price Compared To Nearby Cities
Green Township | $263.5K | $315K | +19.5% |
Wayne Township | $305K | $335K | +9.8% |
Fall Creek Township | $432.3K | $440K | +1.8% |
Lapel | $207.5K | $210K | +1.2% |
Stony Creek Township | $207.5K | $210K | +1.2% |
Housing Supply in Wayne Township, IN
How many homes are available in Wayne Township, IN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
56 | 53 | -5.4% |
Summary: The Wayne Township real estate market had 53 homes for sale in May 2024, a 5.4% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 6 | 0.0% |
3 Bedrooms | 19 | 24 | +26.3% |
4 Bedrooms | 16 | 11 | -31.3% |
5+ Bedrooms | 15 | 12 | -20.0% |
Summary: The Wayne Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 26.3%, 4 bedroom homes decreased by 31.3%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
18 | 24 | +33.3% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Wayne Township in May 2024, up by 33.3% month-over-month. Of the 24 sold homes, 75% were sold under asking, 8% were sold at asking, and 17% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
12 Days | 33 Days | +157.4% |
Summary: Homes in Wayne Township had an average of 33 days on market in May 2024, up by 157.4% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 24 homes were sold in Wayne Township; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.