Living in Modena, PA
Modena is a small borough located in Chester County, Pennsylvania, known for its rich history and quaint, rural atmosphere. The community offers a peaceful suburban setting with close proximity to larger towns for amenities and services. Residents enjoy a blend of charm and convenience, making it an appealing place to live for families and individuals alike.
Current Market Conditions in Modena, PA
The real estate market in Modena, PA, remains relatively stable, with a healthy demand for homes due to its appealing location and community features. Over recent years, there has been an influx of buyers drawn to its affordability compared to neighboring boroughs, contributing to increased home values. New listings are being introduced, but they are often met with significant interest, resulting in competitive bidding.
Currently, Modena experiences a balanced market where buyers and sellers have reached a common preference. Homes typically sell within a reasonable timeframe, and with continuing developments in the area, including enhanced infrastructure and community initiatives, interest in Modena is expected to grow.
Home Value Estimator For Modena, PA
There are currently 13 real estate properties
in Modena, PA,
with a median automated valuation model (AVM) price
of $277,679.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Modena, PA, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Modena, PA,
is $262,210.00, with the most expensive house
in Modena, PA, topping out
at $408,418.00 and the cheapest home
in Modena, PA,
clocking in at $15,215.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Modena, PA!
Rent Prices
In Modena, PA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Modena, PA, is on
a rollercoaster ride. The
average rent price in Modena, PA,
is $1,360.00. Indeed, when looking to rent in
Modena, PA, you can expect to pay as little
as $1,080.00 or as much
as $1,720.00,
with the average rent median estimated to
be $1,350.00. The good news is that finding
an affordable and desirable property to rent in Modena, PA
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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