$7,718 Closing Credit*
$649,900
3,091 SqFt
4 Beds
•2 Full Baths, 1 Partial
Christina L Reid, Listing Office: RE/MAX Town & Country
Is Kennett Square, 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, Kennett Square has remained a Seller's Market.
Key Takeaway
Kennett Square is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kennett Square, PA
How much do homes in Kennett Square, PA cost?
Median Sold Price
$603,500
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$23,500(+4.1%)
Key Takeaway
Homes in Kennett Square have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in Kennett Square was $603,500 in September 2024, up 4.1% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $310K | $380K | +22.6% |
| 3 Bedrooms | $500K | $503K | +0.6% |
| 4 Bedrooms | $655.5K | $745K | +13.7% |
| 5+ Bedrooms | $915K | $890K | -2.7% |
Summary: Kennett Square housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 22.6%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes decreased by 2.7%.
Median Sold Price Compared To Nearby Cities
| Kennett Township | $552.5K | $652.2K | +18.1% |
| Kennett Square | $580K | $603.5K | +4.1% |
Housing Supply in Kennett Square, PA
How many homes are available in Kennett Square, PA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 81 | 72 | -11.1% |
Summary: The Kennett Square real estate market had 72 homes for sale in September 2024, a 11.1% 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 | 7 | 4 | -42.9% |
| 3 Bedrooms | 34 | 38 | +11.8% |
| 4 Bedrooms | 31 | 26 | -16.1% |
| 5+ Bedrooms | 9 | 4 | -55.6% |
Summary: The Kennett Square 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 42.9%, 3 bedroom homes increased by 11.8%, 4 bedroom homes decreased by 16.1%, and 5+ bedroom homes decreased by 55.6%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 32 | 17 | -46.9% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kennett Square, you could pay more than the asking price. 41.2% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in Kennett Square in September 2024, down by 46.9% month-over-month. Of the 17 sold homes, 29% were sold under asking, 29% were sold at asking, and 41% were sold over asking.
Days on Market for Kennett Square, PA
How long does it take to sell a home in Kennett Square, PA?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 33 Days | 15 Days | -55.0% |
Summary: Homes in Kennett Square had an average of 15 days on market in Sep 2024, down by 55% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Kennett Square are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 17 homes were sold in Kennett Square; 94% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
