Is Coatesville, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$337,602
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Coatesville have sold for 10% more than they did a year ago.
Summary: The median home sold price in Coatesville was $337,602 in May 2024, up 10% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $329.5K | N/A |
| 2 Bedrooms | $384.4K | $316.5K | -17.7% |
| 3 Bedrooms | $289K | $310K | +7.3% |
| 4 Bedrooms | $355K | $428.5K | +20.7% |
| 5+ Bedrooms | $317.5K | $400K | +26.0% |
Summary: Coatesville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 17.7%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 20.7%, and 5+ bedroom homes increased by 26%.
Median Sold Price Compared To Nearby Cities
| South Coatesville | $255K | $302.5K | +18.6% |
| Valley Township | $267.5K | $305K | +14.0% |
| Coatesville | $306.8K | $337.6K | +10.0% |
| West Brandywine Township | $440K | $432.5K | -1.7% |
| Caln Township | $379.9K | $360K | -5.2% |
Housing Supply in Coatesville, PA
How many homes are available in Coatesville, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 137 | 145 | +5.8% |
Summary: The Coatesville real estate market had 145 homes for sale in May 2024, a 5.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 14 | 20 | +42.9% |
| 3 Bedrooms | 70 | 67 | -4.3% |
| 4 Bedrooms | 42 | 50 | +19.0% |
| 5+ Bedrooms | 11 | 8 | -27.3% |
Summary: The Coatesville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 42.9%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 19%, and 5+ bedroom homes decreased by 27.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 35 | 30 | -14.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
25 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Coatesville, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.
Summary: A total of 30 homes were sold or pending in Coatesville in May 2024, down by 14.3% month-over-month. Of the 30 sold homes, 13% were sold under asking, 3% were sold at asking, and 83% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 14 Days | 9 Days | -34.0% |
Summary: Homes in Coatesville had an average of 9 days on market in May 2024, down by 34% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Coatesville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 30 homes were sold in Coatesville; 93% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
