Here is what's going on in the housing market in Wayland MA. Currently there are 91 single family homes for sale in Wayland; exactly number as last year at this time, however there was signficant change in inventory within price ranges. The price range with the largest drop was $350,000 to $399,999 - last year there were 17 homes for sale; this year there are only 4. And the number of homes for sale between $900,000 to $999,999 has increased from 5 to 10.
Nine of the "active" listings have offers accepted and are being shown until contingencies have been met. Additionally, there are 21 single-family homes with sales pending; last month there were 14 so activity is picking up again. The average list price for sales pending is $721,219. Final sale prices will be available after closing.
List prices in Wayland range from $179,000 to $4,795,000. The median list price is $626,000 last year at this time it was $649,900. The average list price is $913,775 compared with $1,004,736 last year. Average time on the market for current listings is 188 days; a year ago the average was 198 days.
Closed sales during the month of August were down; 12 compared with 15 sales last year. The median sale price was $552,113 was less than last year and while the average of $657,073 was higher than during August 2009. Year-to-date, both sales and prices were up over 2009, but not significantly.
While median and average prices are helpful information, the market value of any property depends on supply and demand which can vary greatly for each price range. It is important to understand your specific market when determining the list price that will attract the highest number of buyers.
For anyone looking for easy living, there are excellent opportunities in Wayland. There are 25 condominiums including duplex and townhouse styles in Wayland with prices ranging from $349,000 to $999,999. There are 2 with offers accepted and 3 with sales pending. There were 2 closed sales for condominiums in August. Ask a question
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