$4,477 Closing Credit*
$377,000
1,544 SqFt
3 Beds
•2 Full Baths
Lee Ann A Embrey, Listing Office: Coldwell Banker Realty
Is Downingtown, 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, 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
$534,036
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$21,842(+4.3%)
Key Takeaway
Homes in Downingtown have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in Downingtown was $534,036 in October 2024, up 4.3% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $151.2K | $178.7K | +18.2% |
| 2 Bedrooms | $323K | $375K | +16.1% |
| 3 Bedrooms | $427.5K | $475K | +11.1% |
| 4 Bedrooms | $600K | $639.5K | +6.6% |
| 5+ Bedrooms | $836K | $821.5K | -1.7% |
Summary: Downingtown housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.2%, 2 bedroom homes increased by 16.1%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes decreased by 1.7%.
Median Sold Price Compared To Nearby Cities
| East Caln Township | $420K | $492K | +17.1% |
| Caln Township | $355.5K | $383K | +7.7% |
| Downingtown | $512.1K | $534K | +4.3% |
| West Bradford Township | $530K | $530K | 0.0% |
Housing Supply in Downingtown, PA
How many homes are available in Downingtown, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 150 | 145 | -3.3% |
Summary: The Downingtown real estate market had 145 homes for sale in October 2024, a 3.3% 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 | 72 | 65 | -9.7% |
| 4 Bedrooms | 57 | 59 | +3.5% |
| 5+ Bedrooms | 14 | 14 | 0.0% |
Summary: The Downingtown 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 9.7%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 47 | 45 | -4.3% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Downingtown, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 45 homes were sold or pending in Downingtown in October 2024, down by 4.3% month-over-month. Of the 45 sold homes, 44% were sold under asking, 13% were sold at asking, and 42% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 50 Days | +112.6% |
Summary: Homes in Downingtown had an average of 50 days on market in Oct 2024, up by 112.6% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
9 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 October 2024, 45 homes were sold in Downingtown; 76% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
