Is Wayne Township, IL 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, IL
How much do homes in Wayne Township, IL cost?
Median Sold Price
$379,666
$205/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 $379,666 in May 2024, up 10.8% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $225K | $150K | -33.3% |
2 Bedrooms | $257.5K | $289K | +12.2% |
3 Bedrooms | $315K | $350.6K | +11.3% |
4 Bedrooms | $433.3K | $497.5K | +14.8% |
5+ Bedrooms | $559.4K | $545K | -2.6% |
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 33.3%, 2 bedroom homes increased by 12.2%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes decreased by 2.6%.
Median Sold Price Compared To Nearby Cities
West Chicago | $317.5K | $360K | +13.4% |
Wayne | $650K | $730K | +12.3% |
Wayne Township | $342.6K | $379.6K | +10.8% |
Hanover Park | $274.7K | $294.7K | +7.3% |
Bartlett | $350K | $370.3K | +5.8% |
Housing Supply in Wayne Township, IL
How many homes are available in Wayne Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
159 | 205 | +28.9% |
Summary: The Wayne Township real estate market had 205 homes for sale in May 2024, a 28.9% increase 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 | 17 | 19 | +11.8% |
3 Bedrooms | 73 | 95 | +30.1% |
4 Bedrooms | 59 | 74 | +25.4% |
5+ Bedrooms | 10 | 17 | +70.0% |
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 increased by 11.8%, 3 bedroom homes increased by 30.1%, 4 bedroom homes increased by 25.4%, and 5+ bedroom homes increased by 70%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
53 | 55 | +3.8% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
40 Homes Were Sold
Over Asking
Summary: A total of 55 homes were sold or pending in Wayne Township in May 2024, up by 3.8% month-over-month. Of the 55 sold homes, 15% were sold under asking, 13% were sold at asking, and 73% were sold over asking.
Days on Market for Wayne Township, IL
How long does it take to sell a home in Wayne Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
25 Days | 11 Days | -55.6% |
Summary: Homes in Wayne Township had an average of 11 days on market in May 2024, down by 55.6% compared to last year.
Breakdown of Home Sale Times
49 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 55 homes were sold in Wayne Township; 89% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.