$9,239 Closing Credit*
$778,000
3,933 SqFt
4 Beds
•4 Full Baths, 1 Partial
Ken J Slavik, Listing Office: Keller Williams Real Estate -Exton
Is Wallace Township, 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, Wallace Township was a Buyer's Market.
Key Takeaway
Wallace Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wallace Township, PA
How much do homes in Wallace Township, PA cost?
Median Sold Price
$675,000
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$26,500(+4.1%)
Key Takeaway
Homes in Wallace Township have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in Wallace Township was $675,000 in October 2024, up 4.1% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $375K | - | N/A |
| 3 Bedrooms | $360K | $436K | +21.1% |
| 4 Bedrooms | $700K | $707.5K | +1.1% |
| 5+ Bedrooms | $817.5K | $735K | -10.1% |
Summary: Wallace 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 did not change, 3 bedroom homes increased by 21.1%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes decreased by 10.1%.
Median Sold Price Compared To Nearby Cities
| Glenmoore | $581K | $675K | +16.2% |
| Wallace Township | $648.5K | $675K | +4.1% |
| Upper Uwchlan Township | $650K | $672.4K | +3.5% |
Housing Supply in Wallace Township, PA
How many homes are available in Wallace Township, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 14 | +16.7% |
Summary: The Wallace Township real estate market had 14 homes for sale in October 2024, a 16.7% increase 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 7 | 9 | +28.6% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Wallace 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 remained the same, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 3 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Wallace Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Wallace Township in October 2024, up by 100.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Wallace Township, PA
How long does it take to sell a home in Wallace Township, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 5 Days | 27 Days | +446.7% |
Summary: Homes in Wallace Township had an average of 27 days on market in Oct 2024, up by 446.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Wallace Township has remained consistent over time.
Summary: During October 2024, 3 homes were sold in Wallace Township; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
