Is Avondale, 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, Avondale has remained a Seller's Market.
Key Takeaway
Avondale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Avondale, PA
How much do homes in Avondale, PA cost?
Median Sold Price
$550,000
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Avondale have sold for 18.8% more than they did a year ago.
Summary: The median home sold price in Avondale was $550,000 in May 2024, up 18.8% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $450K | $450K | 0.0% |
| 3 Bedrooms | $336.5K | $463.5K | +37.7% |
| 4 Bedrooms | $570K | $660K | +15.8% |
| 5+ Bedrooms | $627.5K | $610K | -2.8% |
Summary: Avondale 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 did not change, 3 bedroom homes increased by 37.7%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes decreased by 2.8%.
Median Sold Price Compared To Nearby Cities
| Avondale | $463K | $550K | +18.8% |
| London Grove Township | $463K | $549.7K | +18.7% |
| New Garden Township | $545K | $581K | +6.6% |
Housing Supply in Avondale, PA
How many homes are available in Avondale, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 25 | 27 | +8.0% |
Summary: The Avondale real estate market had 27 homes for sale in May 2024, a 8.0% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 10 | 12 | +20.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Avondale 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 remained the same, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 8 | +60.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Avondale, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Avondale in May 2024, up by 60.0% month-over-month. Of the 8 sold homes, 0% were sold under asking, 38% were sold at asking, and 63% were sold over asking.
Days on Market for Avondale, PA
How long does it take to sell a home in Avondale, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 14 Days | 6 Days | -54.0% |
Summary: Homes in Avondale had an average of 6 days on market in May 2024, down by 54% 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
Key Takeaway
Many homes in Avondale are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 8 homes were sold in Avondale; 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.
