$6,353 Closing Credit*
$535,000
3,642 SqFt
5 Beds
•2 Full Baths, 2 Partial
Katherine Hill-Ott, Listing Office: Redfin Corporation
Is Cheltenham Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Cheltenham Township has remained a Seller's Market.
Key Takeaway
Cheltenham Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cheltenham Township, PA
How much do homes in Cheltenham Township, PA cost?
Median Sold Price
$419,380
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$38,880(+10.2%)
Key Takeaway
Homes in Cheltenham Township have sold for 10.2% more than they did a year ago.
Summary: The median home sold price in Cheltenham Township was $419,380 in September 2024, up 10.2% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $133.5K | $120K | -10.1% |
| 2 Bedrooms | $232K | $250K | +7.8% |
| 3 Bedrooms | $352.5K | $379.6K | +7.7% |
| 4 Bedrooms | $440K | $485K | +10.2% |
| 5+ Bedrooms | $521.5K | $535K | +2.6% |
Summary: Cheltenham Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.1%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes increased by 2.6%.
Median Sold Price Compared To Nearby Cities
| Cheltenham Township | $380.5K | $419.3K | +10.2% |
| Abington Township | $390.2K | $424.9K | +8.9% |
| Jenkintown | $447K | $485K | +8.5% |
| Springfield Township | $452.5K | $480K | +6.1% |
| Philadelphia | $260.2K | $260.3K | 0.0% |
Housing Supply in Cheltenham Township, PA
How many homes are available in Cheltenham Township, PA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 134 | 129 | -3.7% |
Summary: The Cheltenham Township real estate market had 129 homes for sale in September 2024, a 3.7% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 1 | -75.0% |
| 2 Bedrooms | 16 | 17 | +6.3% |
| 3 Bedrooms | 48 | 46 | -4.2% |
| 4 Bedrooms | 43 | 43 | 0.0% |
| 5+ Bedrooms | 23 | 22 | -4.3% |
Summary: The Cheltenham Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 75%, 2 bedroom homes increased by 6.3%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 4.3%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 42 | 27 | -35.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cheltenham Township, you could pay more than the asking price. 51.9% of homes here sold above asking price last month.
Summary: A total of 27 homes were sold or pending in Cheltenham Township in September 2024, down by 35.7% month-over-month. Of the 27 sold homes, 33% were sold under asking, 15% were sold at asking, and 52% were sold over asking.
Days on Market for Cheltenham Township, PA
How long does it take to sell a home in Cheltenham Township, PA?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 24 Days | 25 Days | +4.4% |
Summary: Homes in Cheltenham Township had an average of 25 days on market in Sep 2024, up by 4.4% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cheltenham Township are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 27 homes were sold in Cheltenham Township; 78% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
