Is Darby Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Darby Township has remained a Seller's Market.
Key Takeaway
Darby Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Darby Township, PA
How much do homes in Darby Township, PA cost?
Median Sold Price
$188,200
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in Darby Township has remained the same since last year.
Summary: The median home sold price in Darby Township was $188,200 in May 2024, down 0.5% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $103K | N/A |
| 2 Bedrooms | $117K | $105K | -10.3% |
| 3 Bedrooms | $189.9K | $190K | 0.0% |
| 4 Bedrooms | $217.9K | $225K | +3.2% |
| 5+ Bedrooms | $237.5K | $127.5K | -46.3% |
Summary: Darby Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10.3%, 3 bedroom homes did not change, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes decreased by 46.3%.
Median Sold Price Compared To Nearby Cities
| Sharon Hill | $170K | $197.5K | +16.2% |
| Collingdale | $185.7K | $198.5K | +6.9% |
| Glenolden | $221.2K | $228K | +3.1% |
| Darby Township | $189K | $188.2K | -0.5% |
| Folcroft | $211.9K | $200K | -5.6% |
Housing Supply in Darby Township, PA
How many homes are available in Darby Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 112 | 105 | -6.3% |
Summary: The Darby Township real estate market had 105 homes for sale in May 2024, a 6.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 8 | -11.1% |
| 3 Bedrooms | 89 | 82 | -7.9% |
| 4 Bedrooms | 12 | 12 | 0.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Darby Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 7.9%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 21 | -4.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Darby Township, you may be able to get a good deal. 38.1% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Darby Township in May 2024, down by 4.5% month-over-month. Of the 21 sold homes, 38% were sold under asking, 24% were sold at asking, and 38% were sold over asking.
Days on Market for Darby Township, PA
How long does it take to sell a home in Darby Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 18 Days | 22 Days | +21.2% |
Summary: Homes in Darby Township had an average of 22 days on market in May 2024, up by 21.2% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Darby Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 21 homes were sold in Darby Township; 81% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
