$99,000
0.02 Acres
Land
Deborah A. Spence, Listing Office: Fierce Realty Corp.
Is Bridesburg / Kensington / Richmond, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Bridesburg / Kensington / Richmond was a Seller's Market.
Key Takeaway
Bridesburg / Kensington / Richmond is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Bridesburg / Kensington / Richmond, PA
How much do homes in Bridesburg / Kensington / Richmond, PA cost?
Median Sold Price
$230,151
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$3,951(+1.7%)
Key Takeaway
Homes in Bridesburg / Kensington / Richmond have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in Bridesburg / Kensington / Richmond was $230,151 in October 2024, up 1.7% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $265K | $317.4K | +19.8% |
| 2 Bedrooms | $203K | $195.3K | -3.8% |
| 3 Bedrooms | $222.6K | $230.9K | +3.7% |
| 4 Bedrooms | $375K | $415K | +10.7% |
| 5+ Bedrooms | $242.5K | $299.9K | +23.7% |
Summary: Bridesburg / Kensington / Richmond housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.8%, 2 bedroom homes decreased by 3.8%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 23.7%.
Median Sold Price Compared To Nearby Neighborhoods
| West Kensington | $65K | $74.2K | +14.3% |
| Port Richmond | $208.9K | $235K | +12.5% |
| Bridesburg / Kensington / Richmond | $226.2K | $230.1K | +1.7% |
| Kensington | $271.3K | $273.5K | +0.8% |
| Harrowgate | $94K | $90K | -4.3% |
Housing Supply in Bridesburg / Kensington / Richmond, PA
How many homes are available in Bridesburg / Kensington / Richmond, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 624 | 677 | +8.5% |
Summary: The Bridesburg / Kensington / Richmond real estate market had 677 homes for sale in October 2024, a 8.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 7 | 0.0% |
| 2 Bedrooms | 159 | 175 | +10.1% |
| 3 Bedrooms | 384 | 407 | +6.0% |
| 4 Bedrooms | 65 | 75 | +15.4% |
| 5+ Bedrooms | 9 | 13 | +44.4% |
Summary: The Bridesburg / Kensington / Richmond 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 increased by 10.1%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 44.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 101 | 95 | -5.9% |
Asking Price vs. Sold Price
42 Homes Were Sold
Under Asking
30 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bridesburg / Kensington / Richmond, you may be able to get a good deal. 44.2% of homes here sold below asking price last month.
Summary: A total of 95 homes were sold or pending in Bridesburg / Kensington / Richmond in October 2024, down by 5.9% month-over-month. Of the 95 sold homes, 44% were sold under asking, 32% were sold at asking, and 24% were sold over asking.
Days on Market for Bridesburg / Kensington / Richmond, PA
How long does it take to sell a home in Bridesburg / Kensington / Richmond, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 42 Days | 46 Days | +9.3% |
Summary: Homes in Bridesburg / Kensington / Richmond had an average of 46 days on market in Oct 2024, up by 9.3% compared to last year.
Breakdown of Home Sale Times
49 Homes Were Sold
Under 30 Days
26 Homes Were Sold
In 30 - 90 Days
20 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bridesburg / Kensington / Richmond are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 95 homes were sold in Bridesburg / Kensington / Richmond; 52% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
