Is Kennett Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Kennett Township was a Neutral Market.
Key Takeaway
Kennett Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kennett Township, PA
How much do homes in Kennett Township, PA cost?
Median Sold Price
$580,000
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Kennett Township have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in Kennett Township was $580,000 in April 2024, up 4.5% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $327.9K | $330K | +0.6% |
| 3 Bedrooms | $400K | $490K | +22.5% |
| 4 Bedrooms | $662.5K | $715K | +7.9% |
| 5+ Bedrooms | $962.5K | $1.1M | +18.2% |
Summary: Kennett Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.6%, 3 bedroom homes increased by 22.5%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 18.2%.
Housing Supply in Kennett Township, PA
How many homes are available in Kennett Township, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 28 | 30 | +7.1% |
Summary: The Kennett Township real estate market had 30 homes for sale in April 2024, a 7.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 3 | -40.0% |
| 3 Bedrooms | 11 | 8 | -27.3% |
| 4 Bedrooms | 9 | 12 | +33.3% |
| 5+ Bedrooms | 3 | 7 | +133.3% |
Summary: The Kennett Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 40%, 3 bedroom homes decreased by 27.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 133.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 7 | -30.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kennett Township, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Kennett Township in April 2024, down by 30.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.
Days on Market for Kennett Township, PA
How long does it take to sell a home in Kennett Township, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 92 Days | 15 Days | -83.4% |
Summary: Homes in Kennett Township had an average of 15 days on market in Apr 2024, down by 83.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kennett Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 7 homes were sold in Kennett Township; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
