Wayland Real Estate Market Continues Downward Trend in Contracts

Over the last 30 days, the Wayland market had a lift in home sales with six. But as sales edged up, the number of pending transactions continued to decline, with a total of two contracts during the same period. Prices are rising in Wayland, and the median sales price this period increased from $329,000 to $404,500. Along with the increase in sales, the fact that there are a lower-than-normal three months of inventory indicates that Wayland is a seller's market.

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Demographic facts about Wayland:

  • The median value of all homes is $431,340.
  • The area gets 124 rainy days a year. (U.S. average: 100)
  • The unemployment rate for this area is 12.8%.
  • There are 12.9 students for every teacher. (15.3 = national average)

Data reported through 10/12/2016


Ask a local expert about this area:
Broadway Real Estate Group
Snapped 34 homes in this area

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