$10,000 Closing Credit*
$1,790,000
2,058 SqFt
3 Beds
•3 Full Baths, 1 Partial
Keith A DeWalt, Listing Office: Stoltzfus Realtors
Is Elverson, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Elverson has remained a Seller's Market.
Key Takeaway
Elverson is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Elverson, PA
How much do homes in Elverson, PA cost?
Median Sold Price
$400,000
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
-$36,500(-8.4%)
Key Takeaway
Homes in Elverson have sold for 8.4% less than they did a year ago.
Summary: The median home sold price in Elverson was $400,000 in September 2024, down 8.4% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.2M | $300.5K | -76.4% |
| 2 Bedrooms | $319K | $282.5K | -11.4% |
| 3 Bedrooms | $372K | $380K | +2.2% |
| 4 Bedrooms | $553.4K | $485K | -12.4% |
| 5+ Bedrooms | $750K | - | N/A |
Summary: Elverson housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 76.4%, 2 bedroom homes decreased by 11.4%, 3 bedroom homes increased by 2.2%, 4 bedroom homes decreased by 12.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Caernarvon Township | $302K | $353.5K | +17.1% |
| Elverson | $436.5K | $400K | -8.4% |
Housing Supply in Elverson, PA
How many homes are available in Elverson, PA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 27 | 23 | -14.8% |
Summary: The Elverson real estate market had 23 homes for sale in September 2024, a 14.8% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 14 | 13 | -7.1% |
| 4 Bedrooms | 12 | 10 | -16.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Elverson housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Elverson, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Elverson in September 2024, down by 28.6% month-over-month. Of the 5 sold homes, 40% were sold under asking, 60% were sold at asking, and 0% were sold over asking.
Days on Market for Elverson, PA
How long does it take to sell a home in Elverson, PA?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 11 Days | 71 Days | +506.0% |
Summary: Homes in Elverson had an average of 71 days on market in Sep 2024, up by 506% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Elverson are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 5 homes were sold in Elverson; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
