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
$194,800
$130/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 $194,800 in May 2024, up 5.2% from last year, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $102.5K | $72.5K | -29.3% |
2 Bedrooms | $130K | $140K | +7.7% |
3 Bedrooms | $200K | $204.4K | +2.2% |
4 Bedrooms | $240K | $259.9K | +8.3% |
5+ Bedrooms | $323.5K | $329.8K | +1.9% |
Summary: Wayne Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29.3%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 1.9%.
Median Sold Price Compared To Nearby Cities
Wayne Township | $185.1K | $194.8K | +5.2% |
Pike Township | $235K | $245.8K | +4.6% |
Speedway | $240K | $249K | +3.8% |
Washington Township | $314.3K | $325K | +3.4% |
Clermont | $244.9K | $204K | -16.7% |
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 |
---|---|---|
363 | 355 | -2.2% |
Summary: The Wayne Township real estate market had 355 homes for sale in May 2024, a 2.2% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 1 | -66.7% |
2 Bedrooms | 101 | 100 | -1.0% |
3 Bedrooms | 189 | 183 | -3.2% |
4 Bedrooms | 51 | 53 | +3.9% |
5+ Bedrooms | 19 | 18 | -5.3% |
Summary: The Wayne Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes decreased by 1%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes decreased by 5.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
115 | 126 | +9.6% |
Asking Price vs. Sold Price
58 Homes Were Sold
Under Asking
33 Homes Were Sold
At Asking
35 Homes Were Sold
Over Asking
Summary: A total of 126 homes were sold or pending in Wayne Township in May 2024, up by 9.6% month-over-month. Of the 126 sold homes, 46% were sold under asking, 26% were sold at asking, and 28% 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 |
---|---|---|
23 Days | 23 Days | +2.3% |
Summary: Homes in Wayne Township had an average of 23 days on market in May 2024, up by 2.3% compared to last year.
Breakdown of Home Sale Times
94 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During May 2024, 126 homes were sold in Wayne Township; 75% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.