Is West Brandywine Township, 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, West Brandywine Township was a Seller's Market.
Key Takeaway
West Brandywine Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in West Brandywine Township, PA
How much do homes in West Brandywine Township, PA cost?
Median Sold Price
$425,000
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in West Brandywine Township have sold for 3.4% less than they did a year ago.
Summary: The median home sold price in West Brandywine Township was $425,000 in April 2024, down 3.4% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $472K | N/A |
| 3 Bedrooms | $366K | $350K | -4.4% |
| 4 Bedrooms | $450K | $486K | +8.0% |
| 5+ Bedrooms | $685K | $330K | -51.8% |
Summary: West Brandywine Township 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 did not change, 3 bedroom homes decreased by 4.4%, 4 bedroom homes increased by 8%, and 5+ bedroom homes decreased by 51.8%.
Median Sold Price Compared To Nearby Cities
| East Brandywine Township | $531.3K | $550K | +3.5% |
| Honey Brook Township | $383.7K | $395K | +2.9% |
| West Caln Township | $375K | $385K | +2.7% |
| West Brandywine Township | $440K | $425K | -3.4% |
| Caln Township | $377.7K | $362.5K | -4.0% |
Housing Supply in West Brandywine Township, PA
How many homes are available in West Brandywine Township, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 18 | +63.6% |
Summary: The West Brandywine Township real estate market had 18 homes for sale in April 2024, a 63.6% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 7 | +40.0% |
| 4 Bedrooms | 6 | 9 | +50.0% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The West Brandywine Township 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 remained the same, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Brandywine Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in West Brandywine Township in April 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for West Brandywine Township, PA
How long does it take to sell a home in West Brandywine Township, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 3 Days | 16 Days | +420.8% |
Summary: Homes in West Brandywine Township had an average of 16 days on market in Apr 2024, up by 420.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Brandywine Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in West Brandywine Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
