Is Uwchlan Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Uwchlan Township has remained a Seller's Market.
Housing Prices in Uwchlan Township, PA
How much do homes in Uwchlan Township, PA cost?
Median Sold Price
$544,000
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Uwchlan Township was $544,000 in May 2024, down 2.6% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $305K | $326K | +6.9% |
3 Bedrooms | $398K | $402K | +1.0% |
4 Bedrooms | $615K | $629K | +2.3% |
5+ Bedrooms | $760K | $675K | -11.2% |
Summary: Uwchlan Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes decreased by 11.2%.
Median Sold Price Compared To Nearby Cities
Exton | $530.5K | $565K | +6.5% |
East Brandywine Township | $535.5K | $562.5K | +5.0% |
Upper Uwchlan Township | $644.4K | $655K | +1.6% |
Uwchlan Township | $558.5K | $544K | -2.6% |
East Caln Township | $442K | $414K | -6.3% |
Housing Supply in Uwchlan Township, PA
How many homes are available in Uwchlan Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
40 | 48 | +20.0% |
Summary: The Uwchlan Township real estate market had 48 homes for sale in May 2024, a 20.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 15 | 22 | +46.7% |
4 Bedrooms | 16 | 18 | +12.5% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Uwchlan Township housing inventory by bedroom type for May 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 46.7%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 19 | +137.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Uwchlan Township in May 2024, up by 137.5% month-over-month. Of the 19 sold homes, 5% were sold under asking, 16% were sold at asking, and 79% were sold over asking.
Days on Market for Uwchlan Township, PA
How long does it take to sell a home in Uwchlan Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
5 Days | 6 Days | +18.4% |
Summary: Homes in Uwchlan Township had an average of 6 days on market in May 2024, up by 18.4% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 19 homes were sold in Uwchlan Township; 95% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.