Altos Market Data for Realtors

Devon, PA

Single-Family Homes

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Devon, PA

Wed Oct 20 2021
This week the median list price for Devon, PA is $675,000 with the market action index hovering around 48. This is less than last month's market action index of 62. Inventory has increased to 9. Click here to stay informed with the Devon market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Devon, PA

Wed Oct 20 2021
This week the median list price for Devon, PA is $675,000 with the market action index hovering around 48. This is less than last month's market action index of 62. Inventory has increased to 9. Click here to stay informed with the Devon market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Devon market.
Median List Price $675,000
Median Price of New Listings $717,500
Per Square Foot $277
Average Days on Market 131
Median Days on Market 70
Price Decreased 56%
Price Increased 0%
Relisted 22%
Inventory 9
Median Rent $3,000
Market Action 48
Strong Seller's Market

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$2,247,500 7,956 2.5 - 5 acres 7 6 64 1 0 371
$933,500 3,747 1 - 2.5 acres 5 4 55 0 1 70
$667,250 2,145 0.5 - 1 acre 4 3 62 0 0 66
$425,000 1,534 0 - 4,500 sqft 3 2 101 1 0 70