Is Colwyn, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Colwyn is a buyer's market

Buyer's
Market

Difference Since February 2023

Since last year, Colwyn has remained a Buyer's Market.

Key Takeaway

Colwyn is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Colwyn, PA

How much do homes in Colwyn, PA cost?

Median Sold Price

$159,900

$119/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$44,900(+39.0%)

Key Takeaway

Homes in Colwyn have sold for 39% more than they did a year ago.

Summary: The median home sold price in Colwyn was $159,900 in February 2024, up 39% from last year, and the median price per square foot was $119.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $80K-
N/A
2 $79K$55.5K
-29.7%
3 $159.9K$159.9K
0.0%
4 $95K$152.5K
+60.5%
5+ $215K$235K
+9.3%

Summary: Colwyn housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 29.7%, 3 bedroom homes did not change, 4 bedroom homes increased by 60.5%, and 5+ bedroom homes increased by 9.3%.

Median Sold Price Compared To Nearby Cities

Colwyn
+39.0%
Darby
+24.1%
Sharon Hill
+12.0%
Darby Township
+1.0%
Philadelphia
-6.4%

Housing Supply in Colwyn, PA

How many homes are available in Colwyn, PA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2523-8.0%

Summary: The Colwyn real estate market had 23 homes for sale in February 2024, a 8.0% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 22
0.0%
3 1816
-11.1%
4 44
0.0%
5+ 11
0.0%

Summary: The Colwyn housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Colwyn, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Colwyn in February 2024, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Colwyn, PA

How long does it take to sell a home in Colwyn, PA?

Average Sale Time

Feb 2023Feb 2024CHANGE
106 Days41 Days-60.8%

Summary: Homes in Colwyn had an average of 41 days on market in Feb 2024, down by 60.8% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Colwyn are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 2 homes were sold in Colwyn; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Colwyn, PA

Nearby Markets to Colwyn, PA

What housing markets are near Colwyn, PA?