Is Upper Uwchlan Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Upper Uwchlan Township was a Seller's Market.
Key Takeaway
Upper Uwchlan Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Upper Uwchlan Township, PA
How much do homes in Upper Uwchlan Township, PA cost?
Median Sold Price
$655,000
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Upper Uwchlan Township have sold for 1.6% more than they did a year ago.
Summary: The median home sold price in Upper Uwchlan Township was $655,000 in May 2024, up 1.6% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $226K | - | N/A |
| 2 Bedrooms | $325K | $435K | +33.8% |
| 3 Bedrooms | $524.7K | $581.7K | +10.9% |
| 4 Bedrooms | $728K | $765K | +5.1% |
| 5+ Bedrooms | $805K | $855K | +6.2% |
Summary: Upper Uwchlan Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 33.8%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 6.2%.
Median Sold Price Compared To Nearby Cities
| Exton | $530.5K | $565K | +6.5% |
| East Brandywine Township | $535.5K | $562.5K | +5.0% |
| Glenmoore | $592.5K | $604K | +1.9% |
| Upper Uwchlan Township | $644.4K | $655K | +1.6% |
| Uwchlan Township | $558.5K | $544K | -2.6% |
Housing Supply in Upper Uwchlan Township, PA
How many homes are available in Upper Uwchlan Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 39 | 48 | +23.1% |
Summary: The Upper Uwchlan Township real estate market had 48 homes for sale in May 2024, a 23.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 17 | 25 | +47.1% |
| 4 Bedrooms | 13 | 15 | +15.4% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Upper Uwchlan Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 47.1%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Upper Uwchlan Township, expect to pay close to the asking price. 37.5% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in Upper Uwchlan Township in May 2024, down by 20.0% month-over-month. Of the 8 sold homes, 25% were sold under asking, 38% were sold at asking, and 38% were sold over asking.
Days on Market for Upper Uwchlan Township, PA
How long does it take to sell a home in Upper Uwchlan Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 19 Days | 64 Days | +230.5% |
Summary: Homes in Upper Uwchlan Township had an average of 64 days on market in May 2024, up by 230.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Upper Uwchlan Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 8 homes were sold in Upper Uwchlan Township; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
