Altos Research

Wayne, PA

Single-Family Homes

Market Data for Realtors. Schedule a demo today at altos.re.



Wayne, PA

Fri Feb 22 2019
This week the median list price for Wayne, PA is $876,500 with the market action index hovering around 35. This is less than last month's market action index of 37. Inventory has held steady at or around 54. Click here to stay informed with the Wayne market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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

Fri Feb 22 2019
This week the median list price for Wayne, PA is $876,500 with the market action index hovering around 35. This is less than last month's market action index of 37. Inventory has held steady at or around 54. Click here to stay informed with the Wayne market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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 $876,500
Per Square Foot $242
Days on Market 174
Price Decreased 31%
Price Increased 4%
Relisted 31%
Inventory 54
Median House Rent $3,200
Most Expensive $3,890,000
Least Expensive $360,000
Market Action Index
Slight Seller's Advantage
35

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
$1,795,000 5,554 1 - 2.5 acres 5 5 51 1 0 347
$1,150,000 4,962 1 - 2.5 acres 5 4 25 1 1 208
$759,500 2,861 0.5 - 1 acre 4 3 52 1 2 109
$473,500 2,112 0.5 - 1 acre 4 2 59 6 3 45