The Newtown Square real estate market continues to demonstrate strength and stability, with consistent sales and demand for spacious homes. November 2024 showcases an active luxury market and quick selling times for well-priced properties. Join Tim Reeder from the Tim Reeder Team at Coldwell Banker Media for a comprehensive analysis of these trends and year-over-year comparisons.
📹 Watch the Market Update
📊 November 2024 Market Highlights
- Homes Sold: 13
- Median Sale Price: $835,000
- Average Sale Price: $1,033,300
- Median Days on Market: 7 (Fastest sale: 4 days; Longest sale: 182 days)
- Price Range: $480,000 – $2,650,000
- Average Price per Sq. Ft.: $319
- Average Home Size: 3,379 sq ft (Range: 1,346 – 5,727 sq ft)
Year-Over-Year Market Comparison
- Number of Homes Sold:
- November 2023: 12
- November 2024: 13
Sales volume has remained stable.
- Average Sale Price:
- November 2023: $1,055,600
- November 2024: $1,033,300
A slight 2.1% adjustment in average sale prices.
- Average Home Size:
- November 2023: 3,157 sq ft
- November 2024: 3,379 sq ft
This year’s homes were typically more spacious.
- Price per Square Foot:
- November 2023: $337
- November 2024: $319
A 5.3% adjustment in value per square foot.
- Price Range:
- November 2023: $350,000 – $2,800,000
- November 2024: $480,000 – $2,650,000
The market continues to offer options across a wide price spectrum.
Key Market Insights
- For Buyers:
Newtown Square offers a stable market with opportunities across a wide price range. Quick sales times mean buyers should be prepared to act swiftly, especially for homes in the luxury segment. - For Sellers:
With homes selling for an average of 100.7% of their list price, the market favors sellers. Properly preparing and pricing your home is key to capitalizing on current conditions.
Market Opportunities
The Newtown Square real estate market remains vibrant, with consistent demand and a stable luxury segment. While minor price adjustments have occurred, the area’s appeal continues to attract buyers seeking spacious homes and diverse property options.
✓ Contact the Tim Reeder Team at Coldwell Banker Media to explore how these market trends can help you achieve your real estate goals in Newtown Square. Let’s make your next move a success!