Is Tredyffrin Township, 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, Tredyffrin Township has remained a Seller's Market.
Housing Prices in Tredyffrin Township, PA
How much do homes in Tredyffrin Township, PA cost?
Median Sold Price
$642,300
$291/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Tredyffrin Township was $642,300 in May 2024, up 3.6% from last year, and the median price per square foot was $291.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $213K | $235K | +10.3% |
2 Bedrooms | $332K | $335K | +0.9% |
3 Bedrooms | $570K | $570K | 0.0% |
4 Bedrooms | $780K | $885K | +13.5% |
5+ Bedrooms | $1.2M | $1.3M | +8.3% |
Summary: Tredyffrin Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.3%, 2 bedroom homes increased by 0.9%, 3 bedroom homes did not change, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes increased by 8.3%.
Median Sold Price Compared To Nearby Cities
Devon | $779.5K | $899K | +15.3% |
Wayne | $625K | $675K | +8.0% |
Tredyffrin Township | $620K | $642.3K | +3.6% |
Berwyn | $797.5K | $791K | -0.8% |
Easttown Township | $949K | $910K | -4.1% |
Housing Supply in Tredyffrin Township, PA
How many homes are available in Tredyffrin Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
89 | 94 | +5.6% |
Summary: The Tredyffrin Township real estate market had 94 homes for sale in May 2024, a 5.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 11 | 14 | +27.3% |
3 Bedrooms | 23 | 29 | +26.1% |
4 Bedrooms | 34 | 31 | -8.8% |
5+ Bedrooms | 18 | 18 | 0.0% |
Summary: The Tredyffrin Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 27.3%, 3 bedroom homes increased by 26.1%, 4 bedroom homes decreased by 8.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
31 | 17 | -45.2% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Tredyffrin Township in May 2024, down by 45.2% month-over-month. Of the 17 sold homes, 0% were sold under asking, 18% were sold at asking, and 82% were sold over asking.
Days on Market for Tredyffrin Township, PA
How long does it take to sell a home in Tredyffrin Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
13 Days | 4 Days | -64.0% |
Summary: Homes in Tredyffrin Township had an average of 4 days on market in May 2024, down by 64% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 17 homes were sold in Tredyffrin 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.