The Long & Foster Market Minute

Focus On: Wayne Housing Market September 2021

Zip Code(s): 19087
Units Sold
49
Active Inventory
45
Median Sale Price
$635,000
Days On Market
19
Down -30%
Vs. Year Ago
Down -46%
Vs. Year Ago
Up 23%
Vs. Year Ago
Down -14%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in September, with 49 sold this month in Wayne Real Estate versus 60 last month, a decrease of 18%. This month's total units sold was lower than at this time last year, a decrease of 30% versus September 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 38 units or 46%. The total number of active inventory this September was 45 compared to 83 in September 2020. This month's total of 45 is lower than the previous month's total supply of available inventory of 55, a decrease of 18%.

Median Sale Price
Last September, the median sale price for Wayne Homes was $515,000. This September, the median sale price was $635,000, an increase of 23% or $120,000 compared to last year. The current median sold price is 2% higher than in August.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.


New Listings
48
Current Contracts
54
Sold Vs. List Price
100.1%
Months of Supply
0.9
Down -33%
Vs. Year Ago
Down -11%
Vs. Year Ago
Up 1.5%
Vs. Year Ago
Down -23%
Vs. Year Ago

Months of Supply
In September, there was 0.9 months of supply available in Wayne, compared to 1.2 in September 2020. That is a decrease of 23% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

New Listings & Current Contracts
This month there were 48 homes newly listed for sale in Wayne compared to 72 in September 2020, a decrease of 33%. There were 54 current contracts pending sale this September compared to 61 a year ago. The number of current contracts is 11% lower than last September.

Sale Price to List Price Ratio
In September, the average sale price in Wayne was 100.1% of the average list price, which is 1.5% higher than at this time last year.

Days on Market
This month, the average number of days on market was 19, lower than the average last year, which was 22, a decrease of 14%.

The Long & Foster Market Minute Wayne are defined as properties listed in zip code/s 19087.
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
REALTOR, Equal Opportunity HousingInformation included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.