Is Birmingham Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Birmingham Township is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Birmingham Township was a Seller's Market.

Key Takeaway

Birmingham Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Birmingham Township, PA

How much do homes in Birmingham Township, PA cost?

Median Sold Price

$827,500

$255/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$5,575(-0.7%)

Key Takeaway

Homes in Birmingham Township have sold for 0.7% less than they did a year ago.

Summary: The median home sold price in Birmingham Township was $827,500 in October 2024, down 0.7% from last year, and the median price per square foot was $255.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $600K-
N/A
3 $560K$610K
+8.9%
4 $920K$827.5K
-10.1%
5+ $905K$1.0M
+11.0%

Summary: Birmingham Township 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 did not change, 3 bedroom homes increased by 8.9%, 4 bedroom homes decreased by 10.1%, and 5+ bedroom homes increased by 11%.

Median Sold Price Compared To Nearby Cities

Chadds Ford Township
+6.7%
Birmingham Township
-0.7%
Chadds Ford
-3.1%
Pennsbury Township
-13.0%

Housing Supply in Birmingham Township, PA

How many homes are available in Birmingham Township, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1221+75.0%

Summary: The Birmingham Township real estate market had 21 homes for sale in October 2024, a 75.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 26
+200.0%
4 58
+60.0%
5+ 46
+50.0%

Summary: The Birmingham Township 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 remained the same, 3 bedroom homes increased by 200%, 4 bedroom homes increased by 60%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
01+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Birmingham Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Birmingham Township in October 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Birmingham Township, PA

How long does it take to sell a home in Birmingham Township, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
20 Days51 Days+155.0%

Summary: Homes in Birmingham Township had an average of 51 days on market in Oct 2024, up by 155% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Birmingham Township has remained consistent over time.

Summary: During October 2024, 1 homes were sold in Birmingham Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Birmingham Township, PA

Nearby Markets to Birmingham Township, PA

What housing markets are near Birmingham Township, PA?