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.
Key Takeaway
Tredyffrin Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
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
Key Takeaway
Homes in Tredyffrin Township have sold for 3.6% more than they did a year ago.
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
Key Takeaway
If you're buying a home in Tredyffrin Township, you could pay more than the asking price. 82.4% of homes here sold above asking price last month.
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
Key Takeaway
Many homes in Tredyffrin Township are selling fast, if you're buying plan to act quickly.
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.
