Is Tredyffrin Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Tredyffrin Township has remained a Seller's Market.
Housing Prices in Tredyffrin Township, PA
How much do homes in Tredyffrin Township, PA cost?
Median Sold Price
$640,500
$289/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Tredyffrin Township was $640,500 in April 2024, up 7% from last year, and the median price per square foot was $289.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $211K | $233.5K | +10.7% |
2 Bedrooms | $333.5K | $335K | 0.4% |
3 Bedrooms | $569K | $570K | 0.2% |
4 Bedrooms | $788K | $875K | +11.0% |
5+ Bedrooms | $1.2M | $1.2M | -5.9% |
Summary: Tredyffrin Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.7%, 2 bedroom homes increased by 0.4%, 3 bedroom homes increased by 0.2%, 4 bedroom homes increased by 11%, and 5+ bedroom homes decreased by 5.9%.
Median Sold Price Compared To Nearby Cities
Devon | $779.5K | $904.5K | +16.0% |
Wayne | $609.3K | $688.5K | +13.0% |
Tredyffrin Township | $598.3K | $640.5K | +7.0% |
Easttown Township | $964.7K | $927.5K | -3.9% |
Berwyn | $820K | $777.7K | -5.1% |
Housing Supply in Tredyffrin Township, PA
How many homes are available in Tredyffrin Township, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
81 | 92 | +13.6% |
Summary: The Tredyffrin Township real estate market had 92 homes for sale in April 2024, a 13.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 3 | -25.0% |
2 Bedrooms | 17 | 12 | -29.4% |
3 Bedrooms | 18 | 23 | +27.8% |
4 Bedrooms | 30 | 33 | +10.0% |
5+ Bedrooms | 12 | 21 | +75.0% |
Summary: The Tredyffrin Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 29.4%, 3 bedroom homes increased by 27.8%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
32 | 31 | -3.1% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in Tredyffrin Township in April 2024, down by 3.1% month-over-month. Of the 31 sold homes, 35% were sold under asking, 13% were sold at asking, and 52% were sold over asking.
Days on Market for Tredyffrin Township, PA
How long does it take to sell a home in Tredyffrin Township, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
9 Days | 24 Days | +164.2% |
Summary: Homes in Tredyffrin Township had an average of 24 days on market in Apr 2024, up by 164.2% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 31 homes were sold in Tredyffrin Township; 77% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.