$10,000 Closing Credit*
$1,176,900
3,423 SqFt
4 Beds
•3 Full Baths, 1 Partial
Gary A Mercer Sr., Listing Office: KW Greater West Chester
Is Kennett Township, 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 Township has remained a Seller's Market.
Key Takeaway
Kennett Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kennett Township, PA
How much do homes in Kennett Township, PA cost?
Median Sold Price
$652,250
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$84,750(+14.9%)
Key Takeaway
Homes in Kennett Township have sold for 14.9% more than they did a year ago.
Summary: The median home sold price in Kennett Township was $652,250 in October 2024, up 14.9% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $315K | $367.5K | +16.7% |
| 3 Bedrooms | $465K | $479K | +3.0% |
| 4 Bedrooms | $700K | $729.9K | +4.3% |
| 5+ Bedrooms | $880K | $1.1M | +29.3% |
Summary: Kennett Township 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 16.7%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 29.3%.
Housing Supply in Kennett Township, PA
How many homes are available in Kennett Township, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 36 | 29 | -19.4% |
Summary: The Kennett Township real estate market had 29 homes for sale in October 2024, a 19.4% 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 14 | 9 | -35.7% |
| 4 Bedrooms | 15 | 11 | -26.7% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Kennett Township 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 35.7%, 4 bedroom homes decreased by 26.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 6 | -33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Kennett Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Kennett Township in October 2024, down by 33.3% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for Kennett Township, PA
How long does it take to sell a home in Kennett Township, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 22 Days | -18.5% |
Summary: Homes in Kennett Township had an average of 22 days on market in Oct 2024, down by 18.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kennett Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Kennett Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
