Is West Bradford Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Bradford Township is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, West Bradford Township has remained a Seller's Market.

Key Takeaway

West Bradford Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in West Bradford Township, PA

How much do homes in West Bradford Township, PA cost?

Median Sold Price

$530,000

$239/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since October 2023.

Key Takeaway

The sold price of homes in West Bradford Township has remained the same since last year.

Summary: The median home sold price in West Bradford Township was $530,000 in October 2024, the same as last year, and the median price per square foot was $239.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $399.9K$363.5K
-9.1%
3 $440.5K$490K
+11.2%
4 $683K$575K
-15.8%
5+ $882K$870K
-1.4%

Summary: West Bradford 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 decreased by 9.1%, 3 bedroom homes increased by 11.2%, 4 bedroom homes decreased by 15.8%, and 5+ bedroom homes decreased by 1.4%.

Median Sold Price Compared To Nearby Cities

East Caln Township
+17.1%
Downingtown
+4.3%
West Bradford Township
0.0%
East Bradford Township
-0.4%

Housing Supply in West Bradford Township, PA

How many homes are available in West Bradford Township, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4041+2.5%

Summary: The West Bradford Township real estate market had 41 homes for sale in October 2024, a 2.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 31
-66.7%
3 1214
+16.7%
4 2324
+4.3%
5+ 22
0.0%

Summary: The West Bradford 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 decreased by 66.7%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
813+62.5%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Bradford Township, you may be able to get a good deal. 69.2% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in West Bradford Township in October 2024, up by 62.5% month-over-month. Of the 13 sold homes, 69% were sold under asking, 8% were sold at asking, and 23% were sold over asking.

Days on Market for West Bradford Township, PA

How long does it take to sell a home in West Bradford Township, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
34 Days17 Days-49.5%

Summary: Homes in West Bradford Township had an average of 17 days on market in Oct 2024, down by 49.5% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in West Bradford Township are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 13 homes were sold in West Bradford Township; 85% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 16 Days Ago

Newest Listings in West Bradford Township, PA

Nearby Markets to West Bradford Township, PA

What housing markets are near West Bradford Township, PA?