$4,505 Closing Credit*
$379,330
1,517 SqFt
2 Beds
•2 Full Baths
Wendy Leigh Caruso, Listing Office: Coldwell Banker Realty
Is Elverson, 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, 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
$440,000
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,000(+3.5%)
Key Takeaway
Homes in Elverson have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in Elverson was $440,000 in November 2024, up 3.5% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.2M | $300.5K | -76.4% |
| 2 Bedrooms | - | $282.5K | N/A |
| 3 Bedrooms | $380K | $400K | +5.3% |
| 4 Bedrooms | $537K | $545K | +1.5% |
| 5+ Bedrooms | $770K | - | N/A |
Summary: Elverson housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 76.4%, 2 bedroom homes did not change, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Caernarvon Township | $302.5K | $370K | +22.3% |
| West Nantmeal Township | $529K | $570K | +7.8% |
| Elverson | $425K | $440K | +3.5% |
Housing Supply in Elverson, PA
How many homes are available in Elverson, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 24 | -11.1% |
Summary: The Elverson real estate market had 24 homes for sale in November 2024, a 11.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 2 | +100.0% |
| 3 Bedrooms | 14 | 13 | -7.1% |
| 4 Bedrooms | 13 | 7 | -46.2% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Elverson housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 46.2%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 11 | +22.2% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Elverson, expect to pay close to the asking price. 45.5% of homes here sold near the asking price last month.
Summary: A total of 11 homes were sold or pending in Elverson in November 2024, up by 22.2% month-over-month. Of the 11 sold homes, 27% were sold under asking, 45% were sold at asking, and 27% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 9 Days | 45 Days | +405.1% |
Summary: Homes in Elverson had an average of 45 days on market in Nov 2024, up by 405.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Elverson are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 11 homes were sold in Elverson; 73% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
