$8,609 Closing Credit*
$725,000
2,122 SqFt
3 Beds
•2 Full Baths, 1 Partial
Thomas Toole III, Listing Office: RE/MAX Main Line-West Chester
Is 19406, 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, 19406 has remained a Seller's Market.
Key Takeaway
19406 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 19406, PA
How much do homes in 19406, PA cost?
Median Sold Price
$488,683
$271/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$34,683(+7.6%)
Key Takeaway
Homes in 19406 have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in 19406 was $488,683 in October 2024, up 7.6% from last year, and the median price per square foot was $271.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $240K | $234.9K | -2.1% |
| 2 Bedrooms | $300K | $363K | +21.0% |
| 3 Bedrooms | $418K | $502.5K | +20.2% |
| 4 Bedrooms | $505K | $536K | +6.1% |
| 5+ Bedrooms | $600K | $730K | +21.7% |
Summary: 19406 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.1%, 2 bedroom homes increased by 21%, 3 bedroom homes increased by 20.2%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 21.7%.
Housing Supply in 19406, PA
How many homes are available in 19406, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 79 | 76 | -3.8% |
Summary: The 19406 real estate market had 76 homes for sale in October 2024, a 3.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 50 | 48 | -4.0% |
| 4 Bedrooms | 18 | 17 | -5.6% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 19406 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 4%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 18 | -18.2% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 19406, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in 19406 in October 2024, down by 18.2% month-over-month. Of the 18 sold homes, 44% were sold under asking, 28% were sold at asking, and 28% were sold over asking.
Days on Market for 19406, PA
How long does it take to sell a home in 19406, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 35 Days | +89.5% |
Summary: Homes in 19406 had an average of 35 days on market in Oct 2024, up by 89.5% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 19406 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 18 homes were sold in 19406; 72% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
