Wayne, PA Homes for Sale

Wayne, PA Housing Market Overview

• Average Sale Price: $1.01M

  • Increase of 21.2% since last year.

• Average Sale Price Per Square Foot: $317

  • Increase of 5.7% since last year.

• Homes Selling Over List Price: 5.4%

• Average Days on Market: 13 days

• Average Down Payment: 24.9%

• Total Homes Sold: Data not provided.

Wayne, PA Market Competitiveness:

Wayne's real estate market is demonstrating a high degree of competitiveness. Here's what potential buyers and sellers should be aware of:

• Multiple Offers: It's quite common for homes in Wayne to receive multiple offers. This indicates a higher demand than supply, pushing potential buyers to bid competitively.

• Waived Contingencies: In such a competitive market, some buyers are waiving contingencies to make their offers more attractive to sellers.

• Selling Over List Price: On average, homes in Wayne are selling for approximately 5% above the list price. This means sellers are often able to command higher prices than they initially list their homes for, a sign of strong demand.

• Time on Market: Homes in Wayne are going pending relatively quickly, with an average time on the market of just 13 days. However, the most sought-after properties can sell for about 12% above list price and go pending in as few as 4 days.