Havertown Real Estate Market Report – October 2024

Havertown’s real estate market continues to exhibit steady performance, characterized by swift sales and consistent price appreciation. Join Tim Reeder from Coldwell Banker Media for an in-depth analysis of the current market dynamics influencing this vibrant community.


📹 Watch the Market Update


📈 October 2024 Market Statistics

  • Homes Sold: 25
  • Average Sale Price: $568,256
  • Median Sale Price: $537,500
  • Average Days on Market: 12
  • Price Range: $400,000 – $825,000

Year-Over-Year Market Performance Analysis

The median sale price in Havertown has increased by 5% compared to October 2023, rising from $500,000 to $524,250. This appreciation reflects the area’s enduring appeal and robust demand.


Current Pricing Trends and Market Dynamics

Homes are selling rapidly, with an average of just 12 days on the market, indicating a highly competitive environment. The price range of $400,000 to $825,000 caters to a diverse array of buyers, from first-time homeowners to those seeking more upscale properties.


Changes in Property Characteristics and Values

The market offers a variety of property sizes and styles, accommodating different buyer preferences. Consistent price appreciation suggests that investing in Havertown real estate remains a sound decision.


Insights for Both Buyers and Sellers in Today’s Market

  • For Buyers: Given the quick turnaround of listings, it’s crucial to be prepared to make swift decisions. Engaging with a knowledgeable real estate agent can provide a competitive advantage in this fast-paced market.
  • For Sellers: The current market conditions are favorable, with properties selling quickly and at appreciating values. Proper pricing and presentation can further enhance the attractiveness of your listing.

Havertown‘s real estate market continues to thrive, offering opportunities for both buyers and sellers. Staying informed about market trends is essential for making strategic decisions.