Is Caln 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, Caln Township has remained a Seller's Market.
Housing Prices in Caln Township, PA
How much do homes in Caln Township, PA cost?
Median Sold Price
$360,000
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Caln Township was $360,000 in May 2024, down 5.2% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $424.9K | $398.7K | -6.2% |
3 Bedrooms | $320K | $323K | +0.9% |
4 Bedrooms | $462K | $449.9K | -2.6% |
5+ Bedrooms | $508.9K | $425K | -16.5% |
Summary: Caln 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 6.2%, 3 bedroom homes increased by 0.9%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes decreased by 16.5%.
Median Sold Price Compared To Nearby Cities
Downingtown | $459.2K | $522.5K | +13.8% |
East Brandywine Township | $535.5K | $562.5K | +5.0% |
Caln Township | $379.9K | $360K | -5.2% |
East Caln Township | $442K | $414K | -6.3% |
Housing Supply in Caln Township, PA
How many homes are available in Caln Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
40 | 41 | +2.5% |
Summary: The Caln Township real estate market had 41 homes for sale in May 2024, a 2.5% 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 | 1 | 2 | +100.0% |
3 Bedrooms | 26 | 25 | -3.8% |
4 Bedrooms | 11 | 13 | +18.2% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Caln 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 increased by 100%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 11 | +22.2% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Caln Township in May 2024, up by 22.2% month-over-month. Of the 11 sold homes, 9% were sold under asking, 0% were sold at asking, and 91% were sold over asking.
Days on Market for Caln Township, PA
How long does it take to sell a home in Caln Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
13 Days | 5 Days | -60.0% |
Summary: Homes in Caln Township had an average of 5 days on market in May 2024, down by 60% compared to last year.
Breakdown of Home Sale Times
11 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, 11 homes were sold in Caln 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.