Is Devon, 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, Devon was a Seller's Market.
Key Takeaway
Devon is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Devon, PA
How much do homes in Devon, PA cost?
Median Sold Price
$899,000
$346/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Devon have sold for 16% more than they did a year ago.
Summary: The median home sold price in Devon was $899,000 in March 2024, up 16% from last year, and the median price per square foot was $346.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $275K | $305K | +10.9% |
| 2 Bedrooms | $398K | $420K | +5.5% |
| 3 Bedrooms | $596.6K | $710K | +19.0% |
| 4 Bedrooms | $800.5K | $1.0M | +29.6% |
| 5+ Bedrooms | $1.5M | $1.5M | -2.1% |
Summary: Devon housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.9%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 19%, 4 bedroom homes increased by 29.6%, and 5+ bedroom homes decreased by 2.1%.
Median Sold Price Compared To Nearby Cities
| Devon | $775K | $899K | +16.0% |
| Wayne | $626.2K | $646.6K | +3.3% |
| Berwyn | $805K | $827.5K | +2.8% |
| Tredyffrin Township | $622.5K | $628.3K | +0.9% |
| Easttown Township | $945K | $950K | 0.5% |
Housing Supply in Devon, PA
How many homes are available in Devon, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 21 | 23 | +9.5% |
Summary: The Devon real estate market had 23 homes for sale in March 2024, a 9.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 1 | 2 | +100.0% |
| 4 Bedrooms | 13 | 13 | 0.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Devon housing inventory by bedroom type for March 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 100%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Devon, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Devon in March 2024, up by 50.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Devon, PA
How long does it take to sell a home in Devon, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 8 Days | 5 Days | -41.2% |
Summary: Homes in Devon had an average of 5 days on market in Mar 2024, down by 41.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Devon are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in Devon; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
