Is South Wayne, WI 53587 a buyer’s or seller’s market?
South Wayne is a seller’s market. With about 3.2 months of supply and 100% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The South Wayne housing market right now
In the three months ending August 31, 2026, 100% of homes in South Wayne, WI 53587 sold above their list price, the typical home went under contract in 35 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 1 sale, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 25%, homes sold more slowly (25 days then) and the median sale price rose 38% to $299,870. Overall, South Wayne is more competitive than a year ago, so tougher for buyers.
Within Lafayette County, homes here sell faster, and more often over asking, than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Benton 53803 (0% sold over asking) or Gratiot 53541 (0% sold over asking).
Run the numbers for 53587
Nearby markets
Argyle 53504Seller’s market $188 /sq ftBelmont 53510Seller’s market $169 /sq ftBenton 53803Seller’s market $115 /sq ftBlanchardville 53516Seller’s market $157 /sq ft Browse all markets →Towns like South Wayne nearby
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Questions about South Wayne real estate
Is South Wayne a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in South Wayne, WI 53587 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in South Wayne?
The typical home went under contract in 35 days in the latest three months.
Do homes in South Wayne sell over asking?
100% of homes sold above their original list price, and the typical sale closed at 105.3% of the list price.
What are property taxes in South Wayne?
About 1.57% of a home’s value a year in Lafayette County, or roughly $6,280 on a $400,000 home.
What is the median home price in South Wayne?
The median sale price was $299,870 in the three months ending August 31, 2026, about $100 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology