Altos Market Data for Realtors
Devon, PA
Single-Family Homes
Schedule a demo today at AltosResearch.com
Devon, PA
Tue Oct 27 2020
This week the median list price for Devon, PA is $1,100,000 with the market action index hovering around 32. This is about the same as last month's market action index of 32. Inventory has held steady at or around 21.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.
Real-Time Market Profile
| Median List Price | $1,100,000 | |
| Per Square Foot | $267 | |
| Days on Market | 222 | |
| Price Decreased | 38% | |
| Price Increased | 0% | |
| Relisted | 33% | |
| Inventory | 21 | |
| Median Rent | $3,000 | |
| Most Expensive | $3,799,000 | |
| Least Expensive | $350,000 | |
| Market Action | 32 | |
| Slight Seller's Advantage | ||
The market seems to have paused around this plateau. 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 |
|---|---|---|---|---|---|---|---|---|
| $2,950,000 | 8,071 | 2.5 - 5 acres | 5 | 6 | 13 | 0 | 0 | 420 |
| $1,149,900 | 4,678 | 1 - 2.5 acres | 4 | 3 | 117 | 1 | 2 | 207 |
| $755,000 | 3,421 | 0.5 - 1 acre | 4 | 3 | 61 | 0 | 0 | 154 |
| $614,950 | 2,234 | 0.5 - 1 acre | 4 | 2 | 60 | 2 | 1 | 126 |