Downingtown Area Market Snapshot – February
Let’s talk numbers 📊 — and what they mean for buyers and sellers in the Downingtown Area School District (DASD).
In February, 39 homes sold across DASD, and here’s how it broke down:
🏡 18 homes sold for under $500,000
💰 13 sold between $500,000 and $700,000
🏙️ 8 homes sold over $700,000
Now here’s where it gets interesting: of those higher-end sales (over $700K), half sold below asking, while just two went over, and two sold as-is. That signals some shifting dynamics at the top of the market.
All of this activity pushed the average sale price down to $554,326—
📉 That’s over $50,000 less than February 2023, and nearly $49K below the 2024 year-to-date average of $602,978.
What does it mean?
For buyers, there may be more opportunity, especially in the upper price ranges. For sellers, it’s a sign that pricing strategy and preparation are more important than ever.
