Altos Market Data for Realtors

Devon, PA

Single-Family Homes

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Devon, PA

Tue Sep 21 2021
This week the median list price for Devon, PA is $899,000 with the market action index hovering around 63. This is less than last month's market action index of 69. Inventory has decreased to 5. 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, though the market is still in the Seller’s zone. 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

Tue Sep 21 2021
This week the median list price for Devon, PA is $899,000 with the market action index hovering around 63. This is less than last month's market action index of 69. Inventory has decreased to 5. 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, though the market is still in the Seller’s zone. 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 $899,000
Median Price of New Listings $0
Per Square Foot $307
Average Days on Market 78
Median Days on Market 49
Price Decreased 40%
Price Increased 0%
Relisted 40%
Inventory 5
Median Rent $2,800
Market Action 63
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
$2,295,000 9,528 1 - 2.5 acres 6 6 13 0 0 175
$997,000 3,242 1 - 2.5 acres 5 3 49 0 0 35
$899,000 4,251 1 - 2.5 acres 6 3 61 0 1 49
$585,000 1,716 0.25 - 0.5 acre 3 2 90 0 0 66