$8,134 Closing Credit*
$685,000
2,400 SqFt
4 Beds
•2 Full Baths
Christopher Monte, Listing Office: RE/MAX 440 - Skippack
Is 19002, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 19002 has remained a Seller's Market.
Key Takeaway
19002 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 19002, PA
How much do homes in 19002, PA cost?
Median Sold Price
$685,000
$263/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$70,000(+11.4%)
Key Takeaway
Homes in 19002 have sold for 11.4% more than they did a year ago.
Summary: The median home sold price in 19002 was $685,000 in October 2024, up 11.4% from last year, and the median price per square foot was $263.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $202K | $204K | +1.0% |
| 2 Bedrooms | $335K | $419K | +25.1% |
| 3 Bedrooms | $491.6K | $545K | +10.9% |
| 4 Bedrooms | $775K | $785K | +1.3% |
| 5+ Bedrooms | $1.0M | $1.0M | +4.3% |
Summary: 19002 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1%, 2 bedroom homes increased by 25.1%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 4.3%.
Median Sold Price Compared To Nearby Zip Codes
| 19002 | $615K | $685K | +11.4% |
| 19422 | $590K | $625K | +5.9% |
Housing Supply in 19002, PA
How many homes are available in 19002, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 126 | 128 | +1.6% |
Summary: The 19002 real estate market had 128 homes for sale in October 2024, a 1.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 14 | 12 | -14.3% |
| 3 Bedrooms | 55 | 45 | -18.2% |
| 4 Bedrooms | 36 | 45 | +25.0% |
| 5+ Bedrooms | 20 | 24 | +20.0% |
Summary: The 19002 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 35 | +9.4% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 19002, you could pay more than the asking price. 37.1% of homes here sold above asking price last month.
Summary: A total of 35 homes were sold or pending in 19002 in October 2024, up by 9.4% month-over-month. Of the 35 sold homes, 29% were sold under asking, 34% were sold at asking, and 37% were sold over asking.
Days on Market for 19002, PA
How long does it take to sell a home in 19002, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 29 Days | +41.0% |
Summary: Homes in 19002 had an average of 29 days on market in Oct 2024, up by 41% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 19002 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 35 homes were sold in 19002; 74% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
