The Glen Mills real estate market continues to adapt to shifting conditions while maintaining its reputation as a sought-after area for homebuyers. With strong values across a wide range of properties, October 2024 has delivered promising results for buyers, sellers, and investors alike.
Join Tim as he delves into the latest trends shaping Glen Mills real estate. His analysis provides key insights into what these numbers mean for current market participants.
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📊 October 2024 Market Highlights
- Homes Sold: 12 (Up from 11 in October 2023)
- Average Sale Price: $803,325
- Median Sale Price: $767,500
- Average Days on Market: 49
- Price Range: $445,000 – $1.6 million
- Average Price per Sq. Ft.: $275.14 (Up 3.5% year-over-year)
Year-Over-Year Market Comparison
Glen Mills has seen a slight uptick in activity compared to October 2023, with one additional home sold this year. However, the real story lies in the increase in average price per square foot, signaling that property values remain strong. The average sale price is holding steady, reflecting continued demand across all price segments.
Key Market Trends
Pricing and Property Characteristics
The diverse price range of homes sold this month, from $445,000 to $1.6 million, highlights the broad appeal of Glen Mills. Properties across the spectrum have attracted attention, making it an excellent market for both entry-level buyers and those seeking luxury homes.
Market Dynamics and Selling Times
With an average of 49 days on the market, homes in Glen Mills are moving at a moderate pace, allowing buyers a window to explore options while still maintaining enough urgency for sellers to capitalize on favorable conditions.
Opportunities for Buyers and Sellers
- For Buyers: The slight increase in average price per square foot suggests growing confidence in the market. Act now to secure your dream home while prices remain competitive.
- For Sellers: The upward trend in pricing and consistent demand across all price points make it an excellent time to list your property. Proper preparation and strategic marketing can help you maximize your return.
Stay informed with Tim’s insights and take advantage of the current Glen Mills real estate opportunities. Whether you’re buying, selling, or investing, understanding the market is key to making the most of your decisions.
For personalized advice on the Glen Mills market, reach out to our team.