KENNETT SQUARE AND AVONDALE HOUSING MARKET DATA

With relatively few transactions, there was an increase in total units sold in March, with 16 sold this month in Kennett Square and Avondale Real Estate. This month's total units sold was lower than at this time last year, a decrease from March 2024.

Versus last year, the total number of homes available this month is lower by 5 units or 12%. The total number of active inventory this March was 37 compared to 42 in March 2024. This month's total of 37 is lower than the previous month's total supply of available inventory of 43, a decrease of 14%.

Last March, the median sale price for Kennett Square and Avondale Homes was $520,000. This March, the median sale price was $590,000, an increase of 13% or $70,000 compared to last year. The current median sold price is 2% lower than in February.

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

In March, there was 2.3 months of supply available in Kennett Square and Avondale, compared to 1.5 in March 2024. That is an increase of 54% 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 33 homes newly listed for sale in Kennett Square and Avondale compared to 30 in March 2024, an increase of 10%. There were 32 current contracts pending sale this March compared to 24 a year ago. The number of current contracts is 33% higher than last March.

In March, the average sale price in Kennett Square and Avondale was 101.0% of the average list price, which is 0.9% lower than at this time last year.

This month, the average number of days on market was 25, higher than the average last year, which was 14. This increase was impacted by the limited number of sales.





FOCUS ON: KENNETT SQUARE AND AVONDALE HOUSING MARKET			MARCH 2025

Zip Code(s): 19348, 19311, 19375 and 19374
Units Sold 16	Active Inventory 37	Median Sale Price $590,000	Days On Market 25

Down Vs. Year Ago	Down -12% Vs. Year Ago	Up 13% Vs. Year Ago	Up Vs. Year Ago


		Units Sold With relatively few transactions, there was an increase in total units sold in March, with 16 sold this month in Kennett Square and Avondale Real Estate. This month's total units sold was lower than at this time last year, a decrease from March 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 5 units or 12%. The total number of active inventory this March was 37 compared to 42 in March 2024. This month's total of 37 is lower than the previous month's total supply of available inventory of 43, a decrease of 14%.
		Median Sale Price Last March, the median sale price for Kennett Square and Avondale Homes was $520,000. This March, the median sale price was $590,000, an increase of 13% or $70,000 compared to last year. The current median sold price is 2% lower than in February. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 33	Current Contracts 32	Sold Vs. List Price 101.0%	Months of Supply 2.3

Up 10% Vs. Year Ago	Up 33% Vs. Year Ago	Down -0.8% Vs. Year Ago	Up 54% Vs. Year Ago


		Months of Supply In March, there was 2.3 months of supply available in Kennett Square and Avondale, compared to 1.5 in March 2024. That is an increase of 54% 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 33 homes newly listed for sale in Kennett Square and Avondale compared to 30 in March 2024, an increase of 10%. There were 32 current contracts pending sale this March compared to 24 a year ago. The number of current contracts is 33% higher than last March.
		Sale Price to List Price Ratio In March, the average sale price in Kennett Square and Avondale was 101.0% of the average list price, which is 0.9% lower than at this time last year. Days on Market This month, the average number of days on market was 25, higher than the average last year, which was 14. This increase was impacted by the limited number of sales.


	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.