Is West 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, West Brandywine Township was a Seller's Market.
Key Takeaway
West Brandywine Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in West Brandywine Township, PA
How much do homes in West Brandywine Township, PA cost?
Median Sold Price
$432,500
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in West Brandywine Township have sold for 1.7% less than they did a year ago.
Summary: The median home sold price in West Brandywine Township was $432,500 in May 2024, down 1.7% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $472K | N/A |
| 3 Bedrooms | $366K | $379K | +3.6% |
| 4 Bedrooms | $472.5K | $486K | +2.9% |
| 5+ Bedrooms | $507.5K | $430K | -15.3% |
Summary: West 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 did not change, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes decreased by 15.3%.
Median Sold Price Compared To Nearby Cities
| West Caln Township | $366.5K | $420K | +14.6% |
| East Brandywine Township | $535.5K | $562.5K | +5.0% |
| Honey Brook Township | $389.9K | $400K | +2.6% |
| West Brandywine Township | $440K | $432.5K | -1.7% |
| Caln Township | $379.9K | $360K | -5.2% |
Housing Supply in West Brandywine Township, PA
How many homes are available in West Brandywine Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 22 | +22.2% |
Summary: The West Brandywine Township real estate market had 22 homes for sale in May 2024, a 22.2% 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 | 1 | +100.0% |
| 3 Bedrooms | 7 | 12 | +71.4% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The West 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 increased by 100%, 3 bedroom homes increased by 71.4%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Brandywine Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in West Brandywine Township in May 2024, the same as the previous month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for West Brandywine Township, PA
How long does it take to sell a home in West Brandywine Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 5 Days | 5 Days | +3.0% |
Summary: Homes in West Brandywine Township had an average of 5 days on market in May 2024, up by 3% compared to last year.
Breakdown of Home Sale Times
3 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 West Brandywine Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in West 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.
