$2,351 Closing Credit*
$198,000
703 SqFt
1 Bed
•1 Full Bath
Gretchen J Apps, Listing Office: RE/MAX Excellence - Kennett Square
Is 19317, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 19317 has remained a Seller's Market.
Key Takeaway
19317 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 19317, PA
How much do homes in 19317, PA cost?
Median Sold Price
$690,000
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$45,000(+7.0%)
Key Takeaway
Homes in 19317 have sold for 7% more than they did a year ago.
Summary: The median home sold price in 19317 was $690,000 in November 2024, up 7% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | - | N/A |
| 2 Bedrooms | $272.5K | $434.5K | +59.4% |
| 3 Bedrooms | $460K | $497.5K | +8.2% |
| 4 Bedrooms | $850K | $757.5K | -10.9% |
| 5+ Bedrooms | $935K | $1.3M | +39.0% |
Summary: 19317 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 59.4%, 3 bedroom homes increased by 8.2%, 4 bedroom homes decreased by 10.9%, and 5+ bedroom homes increased by 39%.
Housing Supply in 19317, PA
How many homes are available in 19317, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 48 | 39 | -18.8% |
Summary: The 19317 real estate market had 39 homes for sale in November 2024, a 18.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 15 | 13 | -13.3% |
| 4 Bedrooms | 12 | 7 | -41.7% |
| 5+ Bedrooms | 16 | 13 | -18.8% |
Summary: The 19317 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes decreased by 41.7%, and 5+ bedroom homes decreased by 18.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 11 | -31.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 19317, you may be able to get a good deal. 36.4% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 19317 in November 2024, down by 31.3% month-over-month. Of the 11 sold homes, 36% were sold under asking, 27% were sold at asking, and 36% were sold over asking.
Days on Market for 19317, PA
How long does it take to sell a home in 19317, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 14 Days | 17 Days | +23.0% |
Summary: Homes in 19317 had an average of 17 days on market in Nov 2024, up by 23% compared to last year.
Breakdown of Home Sale Times
10 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 19317 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 11 homes were sold in 19317; 91% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
