$3,443 Closing Credit*
$289,900
1,120 SqFt
3 Beds
•1 Full Bath
Joanna Gouak, Listing Office: Re/Max One Realty
Is Burholme, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Burholme has remained a Seller's Market.
Key Takeaway
Burholme is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Burholme, PA
How much do homes in Burholme, PA cost?
Median Sold Price
$298,000
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,500(+1.9%)
Key Takeaway
Homes in Burholme have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in Burholme was $298,000 in November 2024, up 1.9% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $240.1K | $245K | +2.0% |
| 3 Bedrooms | $290K | $287.8K | -0.7% |
| 4 Bedrooms | $305.4K | $362.5K | +18.7% |
| 5+ Bedrooms | $365K | $365K | 0.0% |
Summary: Burholme housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 18.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Near Northeast Philadelphia | $218.8K | $230K | +5.1% |
| Fox Chase | $320.6K | $330K | +2.9% |
| Burholme | $292.5K | $298K | +1.9% |
Housing Supply in Burholme, PA
How many homes are available in Burholme, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 14 | -6.7% |
Summary: The Burholme real estate market had 14 homes for sale in November 2024, a 6.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Burholme 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Burholme, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Burholme in November 2024, up by 150.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Burholme, PA
How long does it take to sell a home in Burholme, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 3 Days | 22 Days | +660.0% |
Summary: Homes in Burholme had an average of 22 days on market in Nov 2024, up by 660% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Burholme are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Burholme; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
