Is Coatesville, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Coatesville was a Neutral Market.
Key Takeaway
Coatesville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Coatesville, PA
How much do homes in Coatesville, PA cost?
Median Sold Price
$335,016
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Coatesville have sold for 31.3% more than they did a year ago.
Summary: The median home sold price in Coatesville was $335,016 in March 2024, up 31.3% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $329.5K | N/A |
| 2 Bedrooms | $409.4K | $312.5K | -23.7% |
| 3 Bedrooms | $251K | $309.5K | +23.3% |
| 4 Bedrooms | $282.5K | $420K | +48.7% |
| 5+ Bedrooms | $203K | $400K | +97.0% |
Summary: Coatesville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 23.7%, 3 bedroom homes increased by 23.3%, 4 bedroom homes increased by 48.7%, and 5+ bedroom homes increased by 97%.
Median Sold Price Compared To Nearby Cities
| Coatesville | $255.2K | $335K | +31.3% |
| Valley Township | $260K | $305K | +17.3% |
| Caln Township | $375.2K | $360K | -4.1% |
Housing Supply in Coatesville, PA
How many homes are available in Coatesville, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 132 | 151 | +14.4% |
Summary: The Coatesville real estate market had 151 homes for sale in March 2024, a 14.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 8 | 11 | +37.5% |
| 3 Bedrooms | 61 | 70 | +14.8% |
| 4 Bedrooms | 47 | 51 | +8.5% |
| 5+ Bedrooms | 15 | 17 | +13.3% |
Summary: The Coatesville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 37.5%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 13.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 18 | 19 | +5.6% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Coatesville, you may be able to get a good deal. 42.1% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Coatesville in March 2024, up by 5.6% month-over-month. Of the 19 sold homes, 42% were sold under asking, 16% were sold at asking, and 42% were sold over asking.
Days on Market for Coatesville, PA
How long does it take to sell a home in Coatesville, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 37 Days | 30 Days | -17.5% |
Summary: Homes in Coatesville had an average of 30 days on market in Mar 2024, down by 17.5% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Coatesville are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 19 homes were sold in Coatesville; 63% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
