Altos Market Data for Realtors

Wayne, PA

Single-Family Homes

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Wayne, PA

Wed Oct 20 2021
This week the median list price for Wayne, PA is $1,000,000 with the market action index hovering around 53. This is less than last month's market action index of 58. Inventory has increased to 29. Click here to stay informed with the Wayne market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Wayne, PA

Wed Oct 20 2021
This week the median list price for Wayne, PA is $1,000,000 with the market action index hovering around 53. This is less than last month's market action index of 58. Inventory has increased to 29. Click here to stay informed with the Wayne market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Wayne market.
Median List Price $1,000,000
Median Price of New Listings $1,104,000
Per Square Foot $299
Average Days on Market 91
Median Days on Market 91
Price Decreased 38%
Price Increased 0%
Relisted 7%
Inventory 29
Median Rent $2,400
Market Action 53
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,899,000 4,500 1 - 2.5 acres 5 5 63 0 1 91
$1,450,000 5,475 1 - 2.5 acres 5 6 62 2 2 91
$910,000 3,608 0.5 - 1 acre 4 4 40 2 1 21
$699,500 2,453 0.25 - 0.5 acre 4 3 69 0 2 94