Is Tredyffrin Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Tredyffrin Township has remained a Seller's Market.
Housing Prices in Tredyffrin Township, PA
How much do homes in Tredyffrin Township, PA cost?
Median Sold Price
$628,333
$285/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Tredyffrin Township was $628,333 in March 2024, up 0.9% from last year, and the median price per square foot was $285.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $212.5K | $233.5K | +9.9% |
2 Bedrooms | $313.5K | $335K | +6.9% |
3 Bedrooms | $572.5K | $550K | -3.9% |
4 Bedrooms | $784.7K | $875K | +11.5% |
5+ Bedrooms | $1.2M | $1.1M | -1.2% |
Summary: Tredyffrin Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.9%, 2 bedroom homes increased by 6.9%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes decreased by 1.2%.
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 Tredyffrin Township, PA
How many homes are available in Tredyffrin Township, PA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
126 | 116 | -7.9% |
Summary: The Tredyffrin Township real estate market had 116 homes for sale in March 2024, a 7.9% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 26 | 19 | -26.9% |
3 Bedrooms | 23 | 24 | +4.3% |
4 Bedrooms | 49 | 45 | -8.2% |
5+ Bedrooms | 24 | 24 | 0.0% |
Summary: The Tredyffrin Township 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 decreased by 26.9%, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 8.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
22 | 31 | +40.9% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in Tredyffrin Township in March 2024, up by 40.9% month-over-month. Of the 31 sold homes, 13% were sold under asking, 16% were sold at asking, and 71% were sold over asking.
Days on Market for Tredyffrin Township, PA
How long does it take to sell a home in Tredyffrin Township, PA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
16 Days | 8 Days | -47.5% |
Summary: Homes in Tredyffrin Township had an average of 8 days on market in Mar 2024, down by 47.5% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 31 homes were sold in Tredyffrin Township; 94% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.