Is Blue Bell, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Blue Bell is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Blue Bell has remained a Seller's Market.

Key Takeaway

Blue Bell is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Blue Bell, PA

How much do homes in Blue Bell, PA cost?

Median Sold Price

$630,000

$265/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$40,000(+6.8%)

Key Takeaway

Homes in Blue Bell have sold for 6.8% more than they did a year ago.

Summary: The median home sold price in Blue Bell was $630,000 in November 2024, up 6.8% from last year, and the median price per square foot was $265.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $253K$261.2K
+3.2%
2 $337K$350K
+3.9%
3 $590K$611K
+3.6%
4 $678.7K$780K
+14.9%
5+ $765K$1.1M
+44.4%

Summary: Blue Bell housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.2%, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 14.9%, and 5+ bedroom homes increased by 44.4%.

Median Sold Price Compared To Nearby Cities

Plymouth Meeting
+11.1%
Whitpain Township
+6.9%
Blue Bell
+6.8%
East Norriton Township
+5.7%
Lower Gwynedd Township
-17.1%

Housing Supply in Blue Bell, PA

How many homes are available in Blue Bell, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5655-1.8%

Summary: The Blue Bell real estate market had 55 homes for sale in November 2024, a 1.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 32
-33.3%
2 910
+11.1%
3 2120
-4.8%
4 1517
+13.3%
5+ 86
-25.0%

Summary: The Blue Bell housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 11.1%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1814-22.2%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Blue Bell, you could pay more than the asking price. 64.3% of homes here sold above asking price last month.

Summary: A total of 14 homes were sold or pending in Blue Bell in November 2024, down by 22.2% month-over-month. Of the 14 sold homes, 29% were sold under asking, 7% were sold at asking, and 64% were sold over asking.

Days on Market for Blue Bell, PA

How long does it take to sell a home in Blue Bell, PA?

Average Sale Time

Nov 2023Nov 2024CHANGE
23 Days21 Days-9.1%

Summary: Homes in Blue Bell had an average of 21 days on market in Nov 2024, down by 9.1% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Blue Bell are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 14 homes were sold in Blue Bell; 64% of homes were sold within 30 days, 36% 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 24 Days Ago

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