Real Estate Market Update for Wayne, NJ
Welcome to February's Market Update. Let’s take a look at residential real-estate activity in your area during the month of January. The number of active listings was down 33% from one year earlier, and up 3% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month was just over 460-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 4%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 410-thousand dollars. The number of units sold increased 12% year-over-year, and decreased 41% month-over-month. Higher year-over-year figures indicate that more buyers have been finding what they're looking for. 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 Wayne, NJ
Area Information for Wayne, NJ
  • Population: 54,407
  • Median Age: 43.54 yr
  • Median Commute Time: 28 mins
  • Educational Climate*: 4
  • Sales Tax: 7%
  • Population Density: 2,292/sq mi
  • Population Change Since 2000: .54%
  • Closest Airport: Newark Liberty International
  • Closest College: William Paterson University-new Jersey
  • Closest Jr. College: Berkeley College-garret Mountain Campus
  • Median Household Income: $103,706
  • Annual Residential Turnover: 7%
  • Median Home Sales Price: $390,000
  • Closest Major Sports Team: New York Giants
  • Change Avg. Household Income Since 2000: 25.32%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Wayne, NJ
Median Age: 43.54 Married: 46% Number of Households: 19,008 Households with Children: 6,071
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 Wayne, NJ

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Immaculate Heart Of Mary School 0.4 mi Catholic PRESCHOOL-8 0 4
      Packanack Elementary School 0.6 mi Public PRESCHOOL-5 3-5 5
      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 1.1 mi Public 6-8 4 4
      Theunis Dey Elementary School 1.2 mi Public K-5 2-5 5
      Fallon Elementary School 1.2 mi Public K-5 2 4
      John F. Kennedy Elementary School 1.3 mi Public PRESCHOOL-5 4 4
      Schuyler colfax Mid School 1.3 mi Public 6-8 4-5 4
      Kinder Care Learning Centers Inc 1.4 mi Private PRESCHOOL-K 0 0
      Wayne Hills High School 1.4 mi Public 9-12 3-5 3
      Our Lady Of The Valley School 1.4 mi Catholic PRESCHOOL-8 0 5
      Benway School 1.4 mi Private 1-12 0 3
      Clearview School 1.5 mi Private 8-12 0 4
      Wayne Valley High School 1.5 mi Public 9-12 3-5 3
      Apple Montessori Of Wayne 1.5 mi Private PRESCHOOL-6 0 4
      Lafayette Elementary School 1.6 mi Public K-5 3-5 4
      Albert P. Terhune Elementary School 1.6 mi Public PRESCHOOL-5 4-5 5
      Randall Carter Elementary School 1.6 mi Public K-5 2-5 4
      Happy Day Learning Center 1.6 mi Private PRESCHOOL-K 0 0
      The Learning Experience 1.9 mi Private PRESCHOOL-K 0 0
      Ryerson Elementary School 1.9 mi Public K-5 1 4
      St Elizabeth Ann Seton Academy 1.9 mi Catholic PRESCHOOL-8 0 4
      Anthony Wayne Middle School 1.9 mi Public 6-8 4 0
      Lakeview Learning Center 2.3 mi Private 8-12 0 3
      Academy Of Greatness And Excellence 2.3 mi Private 7-12 0 4
      Pioneer Academy 2.4 mi Private 6-12 0 4
      The Goddard School 2.6 mi Private PRESCHOOL-K 0 0
      Passaic Co Tech Institute 2.6 mi Public 9-12 3 4
      Pines Lake Elementary School 2.7 mi Public K-5 3-5 4
      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: GreatSchools.org and Onboard Informatics © 2015
      Local Weather for Wayne, NJ
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 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.