Is Upper Uwchlan Township, 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, Upper Uwchlan Township was a Seller's Market.
Key Takeaway
Upper Uwchlan Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Upper Uwchlan Township, PA
How much do homes in Upper Uwchlan Township, PA cost?
Median Sold Price
$650,000
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Upper Uwchlan Township have sold for 8.3% more than they did a year ago.
Summary: The median home sold price in Upper Uwchlan Township was $650,000 in March 2024, up 8.3% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $226K | - | N/A |
| 2 Bedrooms | $300K | $435K | +45.0% |
| 3 Bedrooms | $446.5K | $552K | +23.6% |
| 4 Bedrooms | $697K | $765K | +9.8% |
| 5+ Bedrooms | $855K | $835K | -2.3% |
Summary: Upper Uwchlan Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 45%, 3 bedroom homes increased by 23.6%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes decreased by 2.3%.
Median Sold Price Compared To Nearby Cities
| East Brandywine Township | $526.9K | $575K | +9.1% |
| Upper Uwchlan Township | $599.9K | $650K | +8.3% |
| Exton | $525K | $565K | +7.6% |
| Uwchlan Township | $547.5K | $555K | +1.4% |
| Glenmoore | $585K | $590K | +0.9% |
Housing Supply in Upper Uwchlan Township, PA
How many homes are available in Upper Uwchlan Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 67 | 70 | +4.5% |
Summary: The Upper Uwchlan Township real estate market had 70 homes for sale in March 2024, a 4.5% 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 | 14 | 12 | -14.3% |
| 3 Bedrooms | 38 | 37 | -2.6% |
| 4 Bedrooms | 14 | 19 | +35.7% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Upper Uwchlan 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 14.3%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes increased by 35.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Upper Uwchlan Township, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in Upper Uwchlan Township in March 2024, up by 16.7% month-over-month. Of the 7 sold homes, 14% were sold under asking, 43% were sold at asking, and 43% were sold over asking.
Days on Market for Upper Uwchlan Township, PA
How long does it take to sell a home in Upper Uwchlan Township, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 37 Days | 22 Days | -40.0% |
Summary: Homes in Upper Uwchlan Township had an average of 22 days on market in Mar 2024, down by 40% compared to last year.
Breakdown of Home Sale Times
6 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 Upper Uwchlan Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 7 homes were sold in Upper Uwchlan Township; 86% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
