$7,066 Closing Credit*
$595,000
1,940 SqFt
5 Beds
•2 Full Baths
Stephen J Barr, Listing Office: Barr Realty Inc.
Is Landenberg, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Landenberg was a Buyer's Market.
Key Takeaway
Landenberg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Landenberg, PA
How much do homes in Landenberg, PA cost?
Median Sold Price
$630,000
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$45,000(+7.7%)
Key Takeaway
Homes in Landenberg have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in Landenberg was $630,000 in October 2024, up 7.7% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $395K | $475K | +20.3% |
| 3 Bedrooms | $480K | $510K | +6.3% |
| 4 Bedrooms | $610K | $640K | +4.9% |
| 5+ Bedrooms | $830K | $780K | -6.0% |
Summary: Landenberg 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 20.3%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes decreased by 6%.
Median Sold Price Compared To Nearby Cities
| Franklin Township | $450K | $597K | +32.7% |
| Landenberg | $585K | $630K | +7.7% |
| New Garden Township | $572.5K | $590K | +3.1% |
Housing Supply in Landenberg, PA
How many homes are available in Landenberg, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 27 | -12.9% |
Summary: The Landenberg real estate market had 27 homes for sale in October 2024, a 12.9% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 17 | 15 | -11.8% |
| 5+ Bedrooms | 6 | 3 | -50.0% |
Summary: The Landenberg 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 16.7%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 10 | +66.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Landenberg, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Landenberg in October 2024, up by 66.7% month-over-month. Of the 10 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Landenberg, PA
How long does it take to sell a home in Landenberg, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 8 Days | 30 Days | +282.5% |
Summary: Homes in Landenberg had an average of 30 days on market in Oct 2024, up by 282.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Landenberg are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in Landenberg; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
