Is Swarthmore, 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, Swarthmore has remained a Seller's Market.
Key Takeaway
Swarthmore is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Swarthmore, PA
How much do homes in Swarthmore, PA cost?
Median Sold Price
$382,500
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Swarthmore have sold for 23.1% less than they did a year ago.
Summary: The median home sold price in Swarthmore was $382,500 in May 2024, down 23.1% from last year, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $150K | +15.3% |
| 2 Bedrooms | $223K | $225K | +0.9% |
| 3 Bedrooms | $402.5K | $360K | -10.6% |
| 4 Bedrooms | $750K | $711K | -5.2% |
| 5+ Bedrooms | $799K | $779.3K | -2.5% |
Summary: Swarthmore housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.3%, 2 bedroom homes increased by 0.9%, 3 bedroom homes decreased by 10.6%, 4 bedroom homes decreased by 5.2%, and 5+ bedroom homes decreased by 2.5%.
Median Sold Price Compared To Nearby Cities
| Wallingford | $332.5K | $450K | +35.3% |
| Nether Providence Township | $382.5K | $450K | +17.6% |
| Ridley Township | $285K | $305K | +7.0% |
| Springfield Township | $426.5K | $450K | +5.5% |
| Swarthmore | $497.5K | $382.5K | -23.1% |
Housing Supply in Swarthmore, PA
How many homes are available in Swarthmore, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 33 | 26 | -21.2% |
Summary: The Swarthmore real estate market had 26 homes for sale in May 2024, a 21.2% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 11 | 9 | -18.2% |
| 3 Bedrooms | 10 | 8 | -20.0% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Swarthmore 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 18.2%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Swarthmore, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Swarthmore in May 2024, down by 11.1% month-over-month. Of the 8 sold homes, 50% were sold under asking, 38% were sold at asking, and 13% were sold over asking.
Days on Market for Swarthmore, PA
How long does it take to sell a home in Swarthmore, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 6 Days | 12 Days | +87.3% |
Summary: Homes in Swarthmore had an average of 12 days on market in May 2024, up by 87.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Swarthmore are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 8 homes were sold in Swarthmore; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
