Is Wayne Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Wayne Township has remained a Seller's Market.
Housing Prices in Wayne Township, PA
How much do homes in Wayne Township, PA cost?
Median Sold Price
$875,166
$323/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Wayne Township was $875,166 in April 2024, up 28.1% from last year, and the median price per square foot was $323.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $197.5K | $225K | +13.9% |
2 Bedrooms | $268K | $305K | +13.8% |
3 Bedrooms | $505K | $604K | +19.6% |
4 Bedrooms | $838K | $950K | +13.4% |
5+ Bedrooms | $1.3M | $1.4M | +5.7% |
Summary: Wayne Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.9%, 2 bedroom homes increased by 13.8%, 3 bedroom homes increased by 19.6%, 4 bedroom homes increased by 13.4%, and 5+ bedroom homes increased by 5.7%.
Median Sold Price Compared To Nearby Cities
Wayne Township | $683K | $875.1K | +28.1% |
Ellwood City | $148K | $165K | +11.5% |
Perry Township | $207K | $172.5K | -16.7% |
Housing Supply in Wayne Township, PA
How many homes are available in Wayne Township, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
88 | 113 | +28.4% |
Summary: The Wayne Township real estate market had 113 homes for sale in April 2024, a 28.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 7 | 6 | -14.3% |
3 Bedrooms | 24 | 33 | +37.5% |
4 Bedrooms | 33 | 39 | +18.2% |
5+ Bedrooms | 21 | 31 | +47.6% |
Summary: The Wayne Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 37.5%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 47.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 31 | +55.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in Wayne Township in April 2024, up by 55.0% month-over-month. Of the 31 sold homes, 32% were sold under asking, 6% were sold at asking, and 61% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
34 Days | 22 Days | -35.3% |
Summary: Homes in Wayne Township had an average of 22 days on market in Apr 2024, down by 35.3% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 31 homes were sold in Wayne Township; 84% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.