Is Wayland, MA 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, Wayland has remained a Seller's Market.
Key Takeaway
Wayland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wayland, MA
How much do homes in Wayland, MA cost?
Median Sold Price
$1,053,000
$421/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Wayland have sold for 8% more than they did a year ago.
Summary: The median home sold price in Wayland was $1,053,000 in May 2024, up 8% from last year, and the median price per square foot was $421.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $527.5K | $704K | +33.5% |
| 2 Bedrooms | $682.5K | $883.7K | +29.5% |
| 3 Bedrooms | $885.4K | $902.5K | +1.9% |
| 4 Bedrooms | $1.1M | $1.3M | +10.2% |
| 5+ Bedrooms | $1.6M | $1.8M | +8.6% |
Summary: Wayland housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.5%, 2 bedroom homes increased by 29.5%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes increased by 8.6%.
Median Sold Price Compared To Nearby Cities
| Weston | $2.0M | $2.2M | +10.4% |
| Wayland | $975K | $1.0M | +8.0% |
| Natick | $796.8K | $851.6K | +6.9% |
| Framingham | $595.8K | $636.2K | +6.8% |
| Sudbury | $1.0M | $1.1M | 0.2% |
Housing Supply in Wayland, MA
How many homes are available in Wayland, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 42 | 47 | +11.9% |
Summary: The Wayland real estate market had 47 homes for sale in May 2024, a 11.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 18 | 19 | +5.6% |
| 4 Bedrooms | 10 | 12 | +20.0% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Wayland 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 5.6%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 13 | +85.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wayland, you could pay more than the asking price. 76.9% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Wayland in May 2024, up by 85.7% month-over-month. Of the 13 sold homes, 8% were sold under asking, 15% were sold at asking, and 77% were sold over asking.
Days on Market for Wayland, MA
How long does it take to sell a home in Wayland, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 23 Days | 15 Days | -30.8% |
Summary: Homes in Wayland had an average of 15 days on market in May 2024, down by 30.8% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wayland are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 13 homes were sold in Wayland; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
