$7,113 Closing Credit*
$599,000
2,528 SqFt
4 Beds
•1 Full Bath, 1 Partial
Nick Raimo, Listing Office: Keller Williams Real Estate-Montgomeryville
Is 19438, 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, 19438 has remained a Seller's Market.
Key Takeaway
19438 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 19438, PA
How much do homes in 19438, PA cost?
Median Sold Price
$495,000
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$11,250(+2.3%)
Key Takeaway
Homes in 19438 have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in 19438 was $495,000 in October 2024, up 2.3% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $220K | N/A |
| 2 Bedrooms | $280K | $302K | +7.9% |
| 3 Bedrooms | $424.2K | $428.4K | +1.0% |
| 4 Bedrooms | $603K | $633.5K | +5.1% |
| 5+ Bedrooms | $775K | $750K | -3.2% |
Summary: 19438 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes decreased by 3.2%.
Housing Supply in 19438, PA
How many homes are available in 19438, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 76 | 73 | -3.9% |
Summary: The 19438 real estate market had 73 homes for sale in October 2024, a 3.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 6 | -25.0% |
| 3 Bedrooms | 33 | 31 | -6.1% |
| 4 Bedrooms | 30 | 29 | -3.3% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The 19438 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 20 | -16.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 19438, you could pay more than the asking price. 45% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in 19438 in October 2024, down by 16.7% month-over-month. Of the 20 sold homes, 35% were sold under asking, 20% were sold at asking, and 45% were sold over asking.
Days on Market for 19438, PA
How long does it take to sell a home in 19438, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 11 Days | 14 Days | +31.0% |
Summary: Homes in 19438 had an average of 14 days on market in Oct 2024, up by 31% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 19438 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 20 homes were sold in 19438; 85% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
