Is East Brandywine Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, East Brandywine Township was a Seller's Market.
Key Takeaway
East 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 East Brandywine Township, PA
How much do homes in East Brandywine Township, PA cost?
Median Sold Price
$562,500
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in East Brandywine Township have sold for 5% more than they did a year ago.
Summary: The median home sold price in East Brandywine Township was $562,500 in May 2024, up 5% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190K | - | N/A |
| 2 Bedrooms | $475K | $280K | -41.1% |
| 3 Bedrooms | $452.5K | $477.7K | +5.6% |
| 4 Bedrooms | $660K | $632.5K | -4.2% |
| 5+ Bedrooms | $899K | $891.1K | -0.9% |
Summary: East Brandywine Township 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 41.1%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes decreased by 0.9%.
Median Sold Price Compared To Nearby Cities
| East Brandywine Township | $535.5K | $562.5K | +5.0% |
| Upper Uwchlan Township | $644.4K | $655K | +1.6% |
| Uwchlan Township | $558.5K | $544K | -2.6% |
| Caln Township | $379.9K | $360K | -5.2% |
| East Caln Township | $442K | $414K | -6.3% |
Housing Supply in East Brandywine Township, PA
How many homes are available in East Brandywine Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 29 | 35 | +20.7% |
Summary: The East Brandywine Township real estate market had 35 homes for sale in May 2024, a 20.7% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 10 | 14 | +40.0% |
| 4 Bedrooms | 13 | 15 | +15.4% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The East Brandywine Township 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 remained the same, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Brandywine Township, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in East Brandywine Township in May 2024, down by 37.5% month-over-month. Of the 5 sold homes, 0% were sold under asking, 40% were sold at asking, and 60% were sold over asking.
Days on Market for East Brandywine Township, PA
How long does it take to sell a home in East Brandywine Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 11 Days | 4 Days | -58.1% |
Summary: Homes in East Brandywine Township had an average of 4 days on market in May 2024, down by 58.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East Brandywine Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in East Brandywine Township; 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.
