$4,156 Closing Credit*
$350,000
1,526 SqFt
3 Beds
•2 Full Baths, 1 Partial
Michele R Colavecchi Lawless, Listing Office: RE/MAX Associates-Wilmington
Is Kennett Square, 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, Kennett Square has remained a Seller's Market.
Key Takeaway
Kennett Square is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kennett Square, PA
How much do homes in Kennett Square, PA cost?
Median Sold Price
$605,000
$243/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$23,715(+4.1%)
Key Takeaway
Homes in Kennett Square have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in Kennett Square was $605,000 in October 2024, up 4.1% from last year, and the median price per square foot was $243.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $310K | $380K | +22.6% |
| 3 Bedrooms | $500.6K | $500.2K | -0.1% |
| 4 Bedrooms | $682K | $735K | +7.8% |
| 5+ Bedrooms | $934.6K | $1.1M | +17.7% |
Summary: Kennett Square housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 22.6%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 17.7%.
Median Sold Price Compared To Nearby Cities
| Kennett Township | $567.5K | $652.2K | +14.9% |
| Kennett Square | $581.2K | $605K | +4.1% |
Housing Supply in Kennett Square, PA
How many homes are available in Kennett Square, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 72 | 64 | -11.1% |
Summary: The Kennett Square real estate market had 64 homes for sale in October 2024, a 11.1% 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 | 4 | 4 | 0.0% |
| 3 Bedrooms | 38 | 34 | -10.5% |
| 4 Bedrooms | 26 | 24 | -7.7% |
| 5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Kennett Square 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 10.5%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 18 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kennett Square, you could pay more than the asking price. 61.1% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in Kennett Square in October 2024, the same as the previous month. Of the 18 sold homes, 28% were sold under asking, 11% were sold at asking, and 61% were sold over asking.
Days on Market for Kennett Square, PA
How long does it take to sell a home in Kennett Square, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 52 Days | 14 Days | -71.9% |
Summary: Homes in Kennett Square had an average of 14 days on market in Oct 2024, down by 71.9% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kennett Square are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 18 homes were sold in Kennett Square; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
