Is Coatesville, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Coatesville has remained a Seller's Market.
Key Takeaway
Coatesville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Coatesville, PA
How much do homes in Coatesville, PA cost?
Median Sold Price
$334,928
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Coatesville have sold for 13.5% more than they did a year ago.
Summary: The median home sold price in Coatesville was $334,928 in April 2024, up 13.5% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $329.5K | N/A |
| 2 Bedrooms | $409.4K | $305K | -25.5% |
| 3 Bedrooms | $260K | $312.2K | +20.1% |
| 4 Bedrooms | $335.5K | $423.5K | +26.2% |
| 5+ Bedrooms | $290K | $380K | +31.0% |
Summary: Coatesville 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 decreased by 25.5%, 3 bedroom homes increased by 20.1%, 4 bedroom homes increased by 26.2%, and 5+ bedroom homes increased by 31%.
Median Sold Price Compared To Nearby Cities
| Valley Township | $262.5K | $305K | +16.2% |
| Coatesville | $295K | $334.9K | +13.5% |
| West Brandywine Township | $440K | $425K | -3.4% |
| Caln Township | $377.7K | $362.5K | -4.0% |
Housing Supply in Coatesville, PA
How many homes are available in Coatesville, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 105 | 136 | +29.5% |
Summary: The Coatesville real estate market had 136 homes for sale in April 2024, a 29.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 13 | 15 | +15.4% |
| 3 Bedrooms | 51 | 68 | +33.3% |
| 4 Bedrooms | 28 | 42 | +50.0% |
| 5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The Coatesville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 25 | 36 | +44.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Coatesville, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 36 homes were sold or pending in Coatesville in April 2024, up by 44.0% month-over-month. Of the 36 sold homes, 11% were sold under asking, 14% were sold at asking, and 75% were sold over asking.
Days on Market for Coatesville, PA
How long does it take to sell a home in Coatesville, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 14 Days | 17 Days | +23.0% |
Summary: Homes in Coatesville had an average of 17 days on market in Apr 2024, up by 23% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Coatesville are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 36 homes were sold in Coatesville; 89% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
