KENNETT SQUARE AND AVONDALE HOUSING MARKET DATA

With relatively few transactions, there was an increase in total units sold in April, with 23 sold this month in Kennett Square and Avondale Real Estate. This month's total units sold was higher than at this time last year, an increase from April 2024.

Versus last year, the total number of homes available this month is higher by 14 units or 35%. The total number of active inventory this April was 54 compared to 40 in April 2024. This month's total of 54 is higher than the previous month's total supply of available inventory of 47, an increase of 15%.

Last April, the median sale price for Kennett Square and Avondale Homes was $672,995. This April, the median sale price was $560,000, a decrease of 17% or $112,995 compared to last year. The current median sold price is 1% lower than in March.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In April, there was 2.3 months of supply available in Kennett Square and Avondale, compared to 1.8 in April 2024. That is an increase of 29% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 41 homes newly listed for sale in Kennett Square and Avondale compared to 49 in April 2024, a decrease of 16%. There were 31 current contracts pending sale this April compared to 48 a year ago. The number of current contracts remained stable as compared to last April.

In April, the average sale price in Kennett Square and Avondale was 99.9% of the average list price, which is 2.8% lower than at this time last year.

This month, the average number of days on market was 36, higher than the average last year, which was 29, an increase of 24%.





FOCUS ON: KENNETT SQUARE AND AVONDALE HOUSING MARKET			APRIL 2025

Zip Code(s): 19348, 19311, 19375 and 19374
Units Sold 23	Active Inventory 54	Median Sale Price $560,000	Days On Market 36

Up Vs. Year Ago	Up 35% Vs. Year Ago	Down -17% Vs. Year Ago	Up 24% Vs. Year Ago


		Units Sold With relatively few transactions, there was an increase in total units sold in April, with 23 sold this month in Kennett Square and Avondale Real Estate. This month's total units sold was higher than at this time last year, an increase from April 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 14 units or 35%. The total number of active inventory this April was 54 compared to 40 in April 2024. This month's total of 54 is higher than the previous month's total supply of available inventory of 47, an increase of 15%.
		Median Sale Price Last April, the median sale price for Kennett Square and Avondale Homes was $672,995. This April, the median sale price was $560,000, a decrease of 17% or $112,995 compared to last year. The current median sold price is 1% lower than in March. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 41	Current Contracts 31	Sold Vs. List Price 99.9%	Months of Supply 2.3

Down -16% Vs. Year Ago	Down -35% Vs. Year Ago	Down -2.7% Vs. Year Ago	Up 29% Vs. Year Ago


		Months of Supply In April, there was 2.3 months of supply available in Kennett Square and Avondale, compared to 1.8 in April 2024. That is an increase of 29% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 41 homes newly listed for sale in Kennett Square and Avondale compared to 49 in April 2024, a decrease of 16%. There were 31 current contracts pending sale this April compared to 48 a year ago. The number of current contracts remained stable as compared to last April.
		Sale Price to List Price Ratio In April, the average sale price in Kennett Square and Avondale was 99.9% of the average list price, which is 2.8% lower than at this time last year. Days on Market This month, the average number of days on market was 36, higher than the average last year, which was 29, an increase of 24%.


	Kennett Square and Avondale are defined as properties listed in zip code/s 19348, 19311, 19375 and 19374.
	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.