Real Estate Market Update for 07470 (Wayne, NJ)
Welcome to August's Market Update. Let’s take a look at residential real-estate activity in your area during the month of July. The number of active listings was down 29% from one year earlier, and down 8% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 480-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 63%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 440-thousand dollars. The number of units sold increased 17% year-over-year, and increased 13% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for 07470 (Wayne, NJ)
Area Information for 07470 (Wayne, NJ)
  • Population: 54,492
  • Median Age: 43.76 yr
  • Median Commute Time: 28 mins
  • Educational Climate*: 4
  • Sales Tax: 7%
  • Population Density: 2,291/sq mi
  • Population Change Since 2000: .67%
  • Closest Airport: Newark Liberty International
  • Closest College: William Paterson University-new Jersey
  • Closest Jr. College: Berkeley College-garret Mountain Campus
  • Median Household Income: $102,843
  • Annual Residential Turnover: 8%
  • Median Home Sales Price: $395,000
  • Closest Major Sports Team: New York Giants
  • Change Avg. Household Income Since 2000: 27.82%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 07470 (Wayne, NJ)
Median Age: 43.76 Married: 46% Number of Households: 19,038 Households with Children: 6,011
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 07470 (Wayne, NJ)

      School Name Distance Type Grades School Rating Parent Rating
      Immaculate Heart Of Mary School 0.5 mi Catholic PRESCHOOL-8 0 0
      Packanack Elementary School 0.6 mi Public PRESCHOOL-5 4 0
      De Paul Catholic High School 0.7 mi Catholic 8-12 0 4
      Pcesc Academy At Preakness 1.0 mi Public - 0 0
      George Washington Middle School 1.2 mi Public 6-8 4 0
      James Fallon Elementary School 1.2 mi Public K-5 3 0
      Theunis Dey Elementary School 1.2 mi Public K-5 3 0
      John F. Kennedy Elementary School 1.2 mi Public K-5 4 0
      Schuyler colfax Mid School 1.3 mi Public 6-8 4 0
      Kinder Care Learning Centers Inc 1.4 mi Private PRESCHOOL-K 0 0
      Our Lady Of The Valley School 1.4 mi Catholic PRESCHOOL-8 0 0
      Benway School 1.4 mi Private 1-12 0 0
      Wayne Hills High School 1.4 mi Public 9-12 3 4
      Wayne Valley High School 1.5 mi Public 9-12 2 4
      Lafayette Elementary School 1.5 mi Public K-5 4 0
      Apple Montessori Of Wayne 1.5 mi Private PRESCHOOL-6 0 0
      Randall Carter Elementary School 1.6 mi Public K-5 3 0
      Happy Day Learning Center 1.7 mi Private PRESCHOOL-K 0 0
      Ryerson Elementary School 1.9 mi Public K-5 1 0
      The Learning Experience 1.9 mi Private PRESCHOOL-K 0 0
      Anthony Wayne Middle School 2.0 mi Public 6-8 4 5
      St Elizabeth Ann Seton Academy 2.0 mi Catholic PRESCHOOL-8 0 0
      Albert P Terhune Elementary 2.2 mi Public PRESCHOOL-5 3 0
      Lakeview Learning Center 2.3 mi Private 7-12 0 0
      Academy Of Greatness And Excellence 2.3 mi Private 7-12 0 2
      Pioneer Academy 2.4 mi Private 5-12 0 0
      Passaic Co Tech Institute 2.5 mi Public 9-12 3 4
      The Goddard School 2.6 mi Private PRESCHOOL-K 0 0
      Pines Lake Elementary School 2.7 mi Public K-5 4 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for 07470 (Wayne, NJ)
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.