Is Birmingham Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Birmingham Township was a Seller's Market.
Housing Prices in Birmingham Township, PA
How much do homes in Birmingham Township, PA cost?
Median Sold Price
$772,100
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Birmingham Township was $772,100 in May 2024, down 8.1% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $600K | $550K | -8.3% |
3 Bedrooms | $562.5K | $563K | 0.1% |
4 Bedrooms | $849.9K | $895K | +5.3% |
5+ Bedrooms | $877.5K | $1.5M | +80.9% |
Summary: Birmingham 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 8.3%, 3 bedroom homes increased by 0.1%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 80.9%.
Median Sold Price Compared To Nearby Cities
Chadds Ford Township | $477.5K | $625K | +30.9% |
Pennsbury Township | $708K | $780.5K | +10.3% |
Chadds Ford | $595.5K | $650K | +9.1% |
Birmingham Township | $840K | $772.1K | -8.1% |
Housing Supply in Birmingham Township, PA
How many homes are available in Birmingham Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
15 | 16 | +6.7% |
Summary: The Birmingham Township real estate market had 16 homes for sale in May 2024, a 6.7% increase 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 | 0 | 0 | 0.0% |
3 Bedrooms | 3 | 2 | -33.3% |
4 Bedrooms | 5 | 8 | +60.0% |
5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Birmingham 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 remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 60%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
0 | 1 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Birmingham Township in May 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Birmingham Township, PA
How long does it take to sell a home in Birmingham Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
13 Days | 9 Days | -30.8% |
Summary: Homes in Birmingham Township had an average of 9 days on market in May 2024, down by 30.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 1 homes were sold in Birmingham Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.