Wayne, PA 19087 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The primary indicator of recent market value is the median sold price of 667,000, which reflects realized transaction levels and should guide pricing and appraisal decisions; upward price trend signals continued appreciation risk for buyers.
2. The median listing price of 1,120,000 sits substantially above recent closed transactions, suggesting a pricing gap where seller expectations may exceed what the market has recently paid.
3. The median days on market of 268 points to slower sales velocity and longer listing lifecycles, which may indicate increased negotiation leverage for buyers even though the overall market temperature is hot.
4. Rental momentum remains positive with a median market rent of 2,350 and rent year-over-year trend up; however, an interest rate of 6.5% combined with elevated interest rate pressure may constrain some buyer affordability and temper near-term transaction growth.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.