Is Devon, 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, Devon was a Buyer's Market.
Housing Prices in Devon, PA
How much do homes in Devon, PA cost?
Median Sold Price
$904,500
$347/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Devon was $904,500 in April 2024, up 16% from last year, and the median price per square foot was $347.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $275K | $305K | +10.9% |
2 Bedrooms | $398K | $402.5K | +1.1% |
3 Bedrooms | $610K | $705K | +15.6% |
4 Bedrooms | $831K | $1.0M | +22.7% |
5+ Bedrooms | $1.5M | $1.5M | -1.6% |
Summary: Devon housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.9%, 2 bedroom homes increased by 1.1%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 22.7%, and 5+ bedroom homes decreased by 1.6%.
Median Sold Price Compared To Nearby Cities
Devon | $779.5K | $904.5K | +16.0% |
Wayne | $609.3K | $688.5K | +13.0% |
Tredyffrin Township | $598.3K | $640.5K | +7.0% |
Easttown Township | $964.7K | $927.5K | -3.9% |
Berwyn | $820K | $777.7K | -5.1% |
Housing Supply in Devon, PA
How many homes are available in Devon, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 20 | +25.0% |
Summary: The Devon real estate market had 20 homes for sale in April 2024, a 25.0% 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 | 2 | 1 | -50.0% |
3 Bedrooms | 2 | 2 | 0.0% |
4 Bedrooms | 7 | 10 | +42.9% |
5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Devon 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 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 5 | +25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Devon in April 2024, up by 25.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Devon, PA
How long does it take to sell a home in Devon, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
3 Days | 73 Days | +2333.3% |
Summary: Homes in Devon had an average of 73 days on market in Apr 2024, up by 2333.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Devon; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.