$3,918 Closing Credit*
$329,900
1,388 SqFt
2 Beds
•1 Full Bath, 1 Partial
Nellikkani Alagappan, Listing Office: RE/MAX Central - Lansdale
Is 19438, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 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
$500,000
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$11,000(+2.2%)
Key Takeaway
Homes in 19438 have sold for 2.2% more than they did a year ago.
Summary: The median home sold price in 19438 was $500,000 in December 2024, up 2.2% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $220K | N/A |
| 2 Bedrooms | $280K | $320K | +14.3% |
| 3 Bedrooms | $427.5K | $426K | -0.4% |
| 4 Bedrooms | $601.5K | $655K | +8.9% |
| 5+ Bedrooms | $775K | $750K | -3.2% |
Summary: 19438 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 8.9%, 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
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 74 | 42 | -43.2% |
Summary: The 19438 real estate market had 42 homes for sale in December 2024, a 43.2% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 37 | 18 | -51.4% |
| 4 Bedrooms | 23 | 13 | -43.5% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The 19438 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 51.4%, 4 bedroom homes decreased by 43.5%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 33 | 20 | -39.4% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 19438, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in 19438 in December 2024, down by 39.4% month-over-month. Of the 20 sold homes, 40% were sold under asking, 30% were sold at asking, and 30% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 18 Days | 20 Days | +6.7% |
Summary: Homes in 19438 had an average of 20 days on market in Dec 2024, up by 6.7% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
5 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 December 2024, 20 homes were sold in 19438; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
