Wayne County Housing Market Report February 2025•Wayne County, Tennessee

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Housing Prices in Wayne County, TN

How much do homes in Wayne County, TN cost?

Housing Market Conditions

Is Wayne County, TN a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Wayne County is a Seller's Market

Difference Since February 2024

Since last year, Wayne County has remained a Seller's Market.

Insight

Wayne County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$212,000$127/SqFt
+$22,100
+11.6%

Based on all homes sold in the last 12 months

Insight

Homes in Wayne County have sold for 11.6% more than they did a year ago.

Summary: The median home sold price in Wayne County was $212,000 in February 2025, up 11.6% from last year, and the median price per square foot was $127.

Median Sold Price By Counties

Median Sold Price By Counties
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Wayne County
+11.6%
Lawrence County
+8.0%
Lewis County
+2.7%
Perry County
0.0%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsFeb 2024Feb 2025Change YoY
1$91K$184K
+102.2%
2$155K$168.5K
+8.7%
3$185.5K$237.7K
+28.2%
4$382.5K$192K
-49.8%
5$330K$515.7K
+56.3%

Summary: Wayne County housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes increased by +102.2%. The home price for 2 bedroom homes increased by +8.7%. The home price for 3 bedroom homes increased by +28.2%. The home price for 4 bedroom homes decreased by -49.8%. The home price for 5 bedroom homes increased by +56.3%.

How does Wayne County, TN compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Wayne County, TN

Housing supply in Wayne County, TN

How many homes are available in Wayne County, TN?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
49Last MonthFeb 2025
492 months agoJan 2025
0.0 %
Change MoMJan – Feb

Summary: The Wayne County real estate market had 49 homes for sale in Feb 2025, the same as Jan 2025

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
10Last MonthFeb 2025
42 months agoJan 2025
+150.0 %
Change MoMJan – Feb

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
122
0.0%
32425
+4.2%
487
-12.5%
278
+14.3%
587
-12.5%

Summary: Wayne County housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +4.2%. The inventory for 4 bedroom homes decreased by -12.5%. The inventory for 2 bedroom homes increased by +14.3%. The inventory for 5 bedroom homes decreased by -12.5%.

Asking Price vs. Sold Price

How much do homes in Wayne County, TN cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price1 Home

At Asking Price3 Homes

Under Asking Price6 Homes

Insight

If you're buying a home in Wayne County, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Wayne County in February 2025, up by 150.0% month-over-month. Of the 10 sold homes, 60% were sold under asking, 30% were sold at asking, and and 10% were sold over asking.

Days on Market for Wayne County, TN

How long does it take to sell a home in Wayne County, TN?

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days2 Homes

Over 90 Days4 Homes

Insight

Most homes in Wayne County are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2025, 10 homes were sold in Wayne County; 10% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
82 DaysThis YearFeb 2025
67 Days1 year agoFeb 2024
+22.8 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in Wayne County had an average listing age of 82 days in Feb 2025, up by 22.8% compared to the previous year.

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Newest Listings in Wayne County, TN

What homes are available in Wayne County, TN?

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MLS Disclaimers and Copyright

Based on information from RealTracs Middle Tennessee Regional MLS, and Memphis MLS for the period 03/01/2023 - 03/01/2025

IDX Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.

IDX© 2025 of the REALTRACS MLS. All rights Reserved.

The data relating to this real estate for sale on this websites comes in part courtesy of the IDX program of the REALTRACS MLS. Real estate listings held by brokerage firms other than this broker are marked with the REALTRACS IDX Logo. REALTRACS and this broker deem all information reliable but not guaranteed, and should be independently verified. REALTRACS and this broker assume no responsibility for typographical errors, misprints or misinformation.

REALTRACS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/13/2025, 8:18:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Copyright© 2025 Memphis Area Association of REALTORS. The information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but is not guaranteed accurate. Some or all of the listings displayed may not belong to the firm whose web site is being visited.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/13/2025, 8:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.