Altos Market Data for Realtors

Wayne, IL

Single-Family Homes

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Wayne, IL

Tue May 30 2023
This week the median list price for Wayne, IL is $1,099,000 with the market action index hovering around 34. This is less than last month's market action index of 36. Inventory has held steady at or around 7. 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.

Slight Seller's Advantage

Market conditions have recently resumed tightening. As the rate of home sales increases relative to the number of homes on the market, the Market Action Index increases. Even though the MAI is technically in the Seller’s zone, prices have not yet started climbing along with the changes in Market Action, but expect them to do so if the trend continues.

Wayne, IL

Tue May 30 2023
This week the median list price for Wayne, IL is $1,099,000 with the market action index hovering around 34. This is less than last month's market action index of 36. Inventory has held steady at or around 7. 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.

Slight Seller's Advantage

Market conditions have recently resumed tightening. As the rate of home sales increases relative to the number of homes on the market, the Market Action Index increases. Even though the MAI is technically in the Seller’s zone, prices have not yet started climbing along with the changes in Market Action, but expect them to do so if the trend continues.

Real-Time Market Profile

Never miss important changes in the Wayne market.
Median List Price $1,099,000
Median Price of New Listings $850,000
Per Square Foot $222
Average Days on Market 93
Median Days on Market 56
Price Decreased 43%
Price Increased 0%
Relisted 0%
Inventory 7
Median Rent
Market Action 34
Slight Seller's Advantage

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. 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
$3,395,000 8,400 5 - 10 acres 5 7.5 15 0 0 56
$2,075,000 9,364 5 - 10 acres 5 7.3 24 0 0 238
$974,500 4,280 2.5 - 5 acres 3 4 43 1 0 10
$722,450 3,015 5 - 10 acres 3 2.8 62 0 1 49