Is Garnet Valley, 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, Garnet Valley has remained a Seller's Market.
Housing Prices in Garnet Valley, PA
How much do homes in Garnet Valley, PA cost?
Median Sold Price
$595,000
$235/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Garnet Valley was $595,000 in April 2024, up 2.6% from last year, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $415K | $397.5K | -4.2% |
3 Bedrooms | $490K | $552.5K | +12.8% |
4 Bedrooms | $704K | $699K | -0.7% |
5+ Bedrooms | $990K | $756.9K | -23.5% |
Summary: Garnet Valley 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 4.2%, 3 bedroom homes increased by 12.8%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes decreased by 23.5%.
Median Sold Price Compared To Nearby Cities
Concord Township | $605K | $650K | +7.4% |
Brandywine | $386K | $411K | +6.5% |
Garnet Valley | $580K | $595K | +2.6% |
Chester Heights | $352.7K | $355.9K | +0.9% |
Bethel Township | $552.5K | $529.5K | -4.2% |
Housing Supply in Garnet Valley, PA
How many homes are available in Garnet Valley, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
29 | 35 | +20.7% |
Summary: The Garnet Valley real estate market had 35 homes for sale in April 2024, a 20.7% 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 | 7 | 9 | +28.6% |
3 Bedrooms | 10 | 7 | -30.0% |
4 Bedrooms | 8 | 12 | +50.0% |
5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The Garnet Valley 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 increased by 28.6%, 3 bedroom homes decreased by 30%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 8 | -20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Garnet Valley in April 2024, down by 20.0% month-over-month. Of the 8 sold homes, 13% were sold under asking, 50% were sold at asking, and 38% were sold over asking.
Days on Market for Garnet Valley, PA
How long does it take to sell a home in Garnet Valley, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
47 Days | 8 Days | -81.4% |
Summary: Homes in Garnet Valley had an average of 8 days on market in Apr 2024, down by 81.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Garnet Valley; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.