$6,519 Closing Credit*
$549,000
5,912 SqFt
6 Beds
•5 Full Baths, 1 Partial
Elizabeth Kramer, Listing Office: James A Cochrane Inc
Is Elverson, 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, Elverson has remained a Seller's Market.
Key Takeaway
Elverson is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Elverson, PA
How much do homes in Elverson, PA cost?
Median Sold Price
$422,500
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$2,500(-0.6%)
Key Takeaway
Homes in Elverson have sold for 0.6% less than they did a year ago.
Summary: The median home sold price in Elverson was $422,500 in October 2024, down 0.6% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.2M | $300.5K | -76.4% |
| 2 Bedrooms | $319K | $282.5K | -11.4% |
| 3 Bedrooms | $372K | $385K | +3.5% |
| 4 Bedrooms | $537K | $518.4K | -3.5% |
| 5+ Bedrooms | $770K | - | N/A |
Summary: Elverson housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 76.4%, 2 bedroom homes decreased by 11.4%, 3 bedroom homes increased by 3.5%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Caernarvon Township | $303K | $365K | +20.5% |
| Elverson | $425K | $422.5K | -0.6% |
Housing Supply in Elverson, PA
How many homes are available in Elverson, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 30 | +15.4% |
Summary: The Elverson real estate market had 30 homes for sale in October 2024, a 15.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 12 | 15 | +25.0% |
| 4 Bedrooms | 13 | 14 | +7.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Elverson 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 increased by 25%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 10 | +150.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Elverson, expect to pay close to the asking price. 70% of homes here sold near the asking price last month.
Summary: A total of 10 homes were sold or pending in Elverson in October 2024, up by 150.0% month-over-month. Of the 10 sold homes, 20% were sold under asking, 70% were sold at asking, and 10% were sold over asking.
Days on Market for Elverson, PA
How long does it take to sell a home in Elverson, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 8 Days | 43 Days | +393.5% |
Summary: Homes in Elverson had an average of 43 days on market in Oct 2024, up by 393.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Elverson are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in Elverson; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
