$889 Closing Credit*
$74,900
840 SqFt
2 Beds
•1 Full Bath
Roberto Rosado Sr., Listing Office: Century 21 Advantage Gold-Castor
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 November 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
$239,125
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$21,125(+9.7%)
Key Takeaway
Homes in Bridesburg / Kensington / Richmond have sold for 9.7% more than they did a year ago.
Summary: The median home sold price in Bridesburg / Kensington / Richmond was $239,125 in November 2024, up 9.7% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $265K | $317.4K | +19.8% |
| 2 Bedrooms | $195K | $205.4K | +5.4% |
| 3 Bedrooms | $219.7K | $244.1K | +11.1% |
| 4 Bedrooms | $365K | $425K | +16.4% |
| 5+ Bedrooms | $242.5K | $300K | +23.7% |
Summary: Bridesburg / Kensington / Richmond housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.8%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 16.4%, and 5+ bedroom homes increased by 23.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Port Richmond | $209.9K | $238.8K | +13.8% |
| Harrowgate | $90K | $98.8K | +9.8% |
| Bridesburg / Kensington / Richmond | $218K | $239.1K | +9.7% |
| Kensington | $265K | $284.7K | +7.5% |
| West Kensington | $70K | $74.6K | +6.6% |
Housing Supply in Bridesburg / Kensington / Richmond, PA
How many homes are available in Bridesburg / Kensington / Richmond, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 608 | 627 | +3.1% |
Summary: The Bridesburg / Kensington / Richmond real estate market had 627 homes for sale in November 2024, a 3.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 7 | 0.0% |
| 2 Bedrooms | 157 | 166 | +5.7% |
| 3 Bedrooms | 359 | 382 | +6.4% |
| 4 Bedrooms | 73 | 61 | -16.4% |
| 5+ Bedrooms | 12 | 11 | -8.3% |
Summary: The Bridesburg / Kensington / Richmond housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 6.4%, 4 bedroom homes decreased by 16.4%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 106 | 80 | -24.5% |
Asking Price vs. Sold Price
45 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
12 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. 56.3% of homes here sold below asking price last month.
Summary: A total of 80 homes were sold or pending in Bridesburg / Kensington / Richmond in November 2024, down by 24.5% month-over-month. Of the 80 sold homes, 56% were sold under asking, 29% were sold at asking, and 15% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 36 Days | 44 Days | +21.3% |
Summary: Homes in Bridesburg / Kensington / Richmond had an average of 44 days on market in Nov 2024, up by 21.3% compared to last year.
Breakdown of Home Sale Times
44 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
13 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 November 2024, 80 homes were sold in Bridesburg / Kensington / Richmond; 55% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
