Is Wayne, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Wayne was a Seller's Market.
Housing Prices in Wayne, NJ
How much do homes in Wayne, NJ cost?
Median Sold Price
$635,200
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Wayne was $635,200 in April 2024, up 4.2% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $248.5K | $273K | +9.9% |
2 Bedrooms | $426K | $460.5K | +8.1% |
3 Bedrooms | $570K | $603K | +5.8% |
4 Bedrooms | $702K | $729.5K | +3.9% |
5+ Bedrooms | $775K | $923.5K | +19.2% |
Summary: Wayne housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.9%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 19.2%.
Median Sold Price Compared To Nearby Cities
Lincoln Park | $404K | $450K | +11.4% |
Wayne | $609.5K | $635.2K | +4.2% |
Wayne Township | $609.2K | $635K | +4.2% |
Totowa | $535K | $542.5K | +1.4% |
Pequannock | $602.5K | $535K | -11.2% |
Housing Supply in Wayne, NJ
How many homes are available in Wayne, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
120 | 158 | +31.7% |
Summary: The Wayne real estate market had 158 homes for sale in April 2024, a 31.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 8 | +60.0% |
2 Bedrooms | 11 | 17 | +54.5% |
3 Bedrooms | 46 | 62 | +34.8% |
4 Bedrooms | 36 | 45 | +25.0% |
5+ Bedrooms | 22 | 26 | +18.2% |
Summary: The Wayne housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 60%, 2 bedroom homes increased by 54.5%, 3 bedroom homes increased by 34.8%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 22 | -8.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Wayne in April 2024, down by 8.3% month-over-month. Of the 22 sold homes, 27% were sold under asking, 5% were sold at asking, and 68% were sold over asking.
Days on Market for Wayne, NJ
How long does it take to sell a home in Wayne, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
11 Days | 45 Days | +309.1% |
Summary: Homes in Wayne had an average of 45 days on market in Apr 2024, up by 309.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 22 homes were sold in Wayne; 0% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.