Is Upper Uwchlan Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Upper Uwchlan Township has remained a Seller's Market.
Key Takeaway
Upper Uwchlan Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Upper Uwchlan Township, PA
How much do homes in Upper Uwchlan Township, PA cost?
Median Sold Price
$657,500
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Upper Uwchlan Township have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in Upper Uwchlan Township was $657,500 in April 2024, up 8.2% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $226K | - | N/A |
| 2 Bedrooms | $312.5K | $440K | +40.8% |
| 3 Bedrooms | $489.2K | $572.4K | +17.0% |
| 4 Bedrooms | $700K | $747.5K | +6.8% |
| 5+ Bedrooms | $855K | $835K | -2.3% |
Summary: Upper Uwchlan Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 40.8%, 3 bedroom homes increased by 17%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes decreased by 2.3%.
Median Sold Price Compared To Nearby Cities
| Upper Uwchlan Township | $607.5K | $657.5K | +8.2% |
| Exton | $527.6K | $562.5K | +6.6% |
| Uwchlan Township | $531K | $563.7K | +6.2% |
| East Brandywine Township | $531.3K | $550K | +3.5% |
| Glenmoore | $592.5K | $585K | -1.3% |
Housing Supply in Upper Uwchlan Township, PA
How many homes are available in Upper Uwchlan Township, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 33 | 39 | +18.2% |
Summary: The Upper Uwchlan Township real estate market had 39 homes for sale in April 2024, a 18.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 18 | 18 | 0.0% |
| 4 Bedrooms | 9 | 12 | +33.3% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Upper Uwchlan Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 10 | +42.9% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Upper Uwchlan Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Upper Uwchlan Township in April 2024, up by 42.9% month-over-month. Of the 10 sold homes, 30% were sold under asking, 20% were sold at asking, and 50% were sold over asking.
Days on Market for Upper Uwchlan Township, PA
How long does it take to sell a home in Upper Uwchlan Township, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 41 Days | 10 Days | -75.1% |
Summary: Homes in Upper Uwchlan Township had an average of 10 days on market in Apr 2024, down by 75.1% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Upper Uwchlan Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 10 homes were sold in Upper Uwchlan Township; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
