Havertown’s real estate market remains active and stable, demonstrating consistent demand and reasonable days on market. While prices and home sizes have adjusted slightly, the market continues to offer opportunities for both buyers and sellers. Join Tim Reeder from the Tim Reeder Team at Coldwell Banker Media for a comprehensive analysis of this month’s trends and year-over-year comparisons.
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📊 November 2024 Market Highlights
- Homes Sold: 17
- Median Sale Price: $500,000
- Average Sale Price: $521,400
- Median Days on Market: 11 (Fastest sale: 1 day; Longest sale: 70 days)
- Price Range: $360,000 – $710,000
- Average Price per Sq. Ft.: $298
- Average Home Size: 1,846 sq ft (Range: 1,326 – 3,932 sq ft)
Year-Over-Year Market Comparison
- Number of Homes Sold:
- November 2023: 19
- November 2024: 17
A slight decrease in sales volume.
- Average Sale Price:
- November 2023: $622,000
- November 2024: $521,400
A 16.2% adjustment in average sale prices.
- Average Home Size:
- November 2023: 2,118 sq ft
- November 2024: 1,846 sq ft
This year’s homes were typically more compact.
- Price per Square Foot:
- November 2023: $303
- November 2024: $298
A slight 1.7% adjustment in value per square foot.
- Price Range:
- November 2023: $380,000 – $1,100,000
- November 2024: $360,000 – $710,000
A narrower focus on the mid-range market this year.
Key Market Insights
- For Buyers:
Havertown offers a stable market with opportunities in the mid-range segment. Act quickly, as homes are selling close to list price with an average of 11 days on market. - For Sellers:
While prices have adjusted, the market remains strong, with homes selling for an average of 99.4% of their list price. Properly priced and presented properties continue to attract interest.
Market Opportunities
Havertown’s market is showing signs of normalization, with steady demand and reasonable sales times. The adjustments in home sizes and price points reflect a focus on mid-range properties, appealing to a wide range of buyers. For sellers, the competitive pricing environment still provides strong opportunities for well-prepared listings.
✓ Contact the Tim Reeder Team at Coldwell Banker Media to explore how these trends can help you achieve your real estate goals in Havertown. Let’s make your next move a success!