$3,563 Closing Credit*
$300,000
1,239 SqFt
3 Beds
•1 Full Bath, 1 Partial
Molly Caso, Listing Office: Keller Williams Real Estate -Exton
Is Downingtown, 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, Downingtown has remained a Seller's Market.
Key Takeaway
Downingtown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Downingtown, PA
How much do homes in Downingtown, PA cost?
Median Sold Price
$533,853
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$16,425(+3.2%)
Key Takeaway
Homes in Downingtown have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in Downingtown was $533,853 in November 2024, up 3.2% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $151.2K | $178.7K | +18.2% |
| 2 Bedrooms | $356.2K | $366K | +2.7% |
| 3 Bedrooms | $433K | $464.5K | +7.3% |
| 4 Bedrooms | $610K | $630K | +3.3% |
| 5+ Bedrooms | $832K | $794K | -4.6% |
Summary: Downingtown housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.2%, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes decreased by 4.6%.
Median Sold Price Compared To Nearby Cities
| Caln Township | $358.2K | $387K | +8.0% |
| Downingtown | $517.4K | $533.8K | +3.2% |
| West Bradford Township | $557K | $529K | -5.0% |
Housing Supply in Downingtown, PA
How many homes are available in Downingtown, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 138 | 123 | -10.9% |
Summary: The Downingtown real estate market had 123 homes for sale in November 2024, a 10.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 7 | 11 | +57.1% |
| 3 Bedrooms | 58 | 54 | -6.9% |
| 4 Bedrooms | 61 | 46 | -24.6% |
| 5+ Bedrooms | 12 | 11 | -8.3% |
Summary: The Downingtown housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 57.1%, 3 bedroom homes decreased by 6.9%, 4 bedroom homes decreased by 24.6%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 47 | 34 | -27.7% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Downingtown, you may be able to get a good deal. 41.2% of homes here sold below asking price last month.
Summary: A total of 34 homes were sold or pending in Downingtown in November 2024, down by 27.7% month-over-month. Of the 34 sold homes, 41% were sold under asking, 26% were sold at asking, and 32% were sold over asking.
Days on Market for Downingtown, PA
How long does it take to sell a home in Downingtown, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 15 Days | 20 Days | +36.9% |
Summary: Homes in Downingtown had an average of 20 days on market in Nov 2024, up by 36.9% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Downingtown are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 34 homes were sold in Downingtown; 79% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
