$4,156 Closing Credit*
$350,000
3,538 SqFt
3 Beds
•1 Full Bath, 1 Partial
Thomas Toole III, Listing Office: RE/MAX Main Line-West Chester
Is 19405, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 19405 has remained a Seller's Market.
Key Takeaway
19405 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 19405, PA
How much do homes in 19405, PA cost?
Median Sold Price
$360,000
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$47,000(+15.0%)
Key Takeaway
Homes in 19405 have sold for 15% more than they did a year ago.
Summary: The median home sold price in 19405 was $360,000 in October 2024, up 15% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $202.5K | $264K | +30.4% |
| 3 Bedrooms | $356K | $352.7K | -0.9% |
| 4 Bedrooms | $327.5K | $410K | +25.2% |
| 5+ Bedrooms | $298.2K | $321.2K | +7.7% |
Summary: 19405 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 30.4%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 25.2%, and 5+ bedroom homes increased by 7.7%.
Housing Supply in 19405, PA
How many homes are available in 19405, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 31 | -6.1% |
Summary: The 19405 real estate market had 31 homes for sale in October 2024, a 6.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 19 | 15 | -21.1% |
| 4 Bedrooms | 7 | 9 | +28.6% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 19405 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 21.1%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 19405, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 19405 in October 2024, the same as the previous month. Of the 9 sold homes, 67% were sold under asking, 11% were sold at asking, and 22% were sold over asking.
Days on Market for 19405, PA
How long does it take to sell a home in 19405, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 15 Days | 18 Days | +18.6% |
Summary: Homes in 19405 had an average of 18 days on market in Oct 2024, up by 18.6% compared to last year.
Breakdown of Home Sale Times
8 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 19405 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in 19405; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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