Altos Research
Devon, PA
Single-Family Homes
Market Data for Realtors. Schedule a demo today at altos.re.
Devon, PA
Tue Nov 13 2018
This week the median list price for Devon, PA is $1,112,500 with the market action index hovering around 27. This is an increase over last month's market action index of 24. Inventory has held steady at or around 24.
Market Action Index
The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.
| Today |
| Last Month |
Slight Buyer's Advantage
Home sales have begun exceeding new inventory. While still a Buyer’s market, prices seem to have already started to respond. If the trend continues, expect prices to keep marching upward.
Real-Time Market Profile
| Median List Price | $1,112,500 | |
| Per Square Foot | $265 | |
| Days on Market | 170 | |
| Price Decreased | 42% | |
| Price Increased | 4% | |
| Relisted | 4% | |
| Inventory | 24 | |
| Median House Rent | ||
| Most Expensive | $8,000,000 | |
| Least Expensive | $359,000 | |
|
Market Action Index
Slight Buyer's Advantage |
27 |
This week saw relatively little price change from last week. However, prices continue demonstrate a nice up trend in general over the last several weeks.
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 |
|---|---|---|---|---|---|---|---|---|
| $3,400,000 | 10,870 | 2.5 - 5 acres | 5 | 6 | 114 | 0 | 0 | 123 |
| $1,550,000 | 6,547 | 1 - 2.5 acres | 5 | 4 | 24 | 0 | 2 | 186 |
| $985,000 | 4,276 | 0.5 - 1 acre | 4 | 3 | 13 | 0 | 0 | 199 |
| $537,450 | 2,133 | 0.5 - 1 acre | 3 | 2 | 98 | 0 | 1 | 171 |