$4,370 Closing Credit*
$368,000
1,520 SqFt
3 Beds
•2 Full Baths
Kediley Peralta Alcantara, Listing Office: Coldwell Banker Realty
Is Cheltenham, 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, Cheltenham has remained a Seller's Market.
Key Takeaway
Cheltenham is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cheltenham, PA
How much do homes in Cheltenham, PA cost?
Median Sold Price
$434,500
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$86,750(+24.9%)
Key Takeaway
Homes in Cheltenham have sold for 24.9% more than they did a year ago.
Summary: The median home sold price in Cheltenham was $434,500 in November 2024, up 24.9% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $300K | $292.4K | -2.5% |
| 3 Bedrooms | $323.7K | $321.2K | -0.8% |
| 4 Bedrooms | $390K | $622.1K | +59.5% |
| 5+ Bedrooms | $319K | $499.5K | +56.6% |
Summary: Cheltenham 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 decreased by 2.5%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 59.5%, and 5+ bedroom homes increased by 56.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Cheltenham | $347.7K | $434.5K | +24.9% |
| Elkins Park | $360K | $395.5K | +9.9% |
| Crescentville | $199.9K | $217K | +8.5% |
| Lawndale | $249.4K | $269K | +7.8% |
| Fox Chase | $320.6K | $330K | +2.9% |
Housing Supply in Cheltenham, PA
How many homes are available in Cheltenham, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 27 | -6.9% |
Summary: The Cheltenham real estate market had 27 homes for sale in November 2024, a 6.9% 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 19 | 17 | -10.5% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Cheltenham 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 decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 10.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cheltenham, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Cheltenham in November 2024, down by 20.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 13% were sold at asking, and 50% were sold over asking.
Days on Market for Cheltenham, PA
How long does it take to sell a home in Cheltenham, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 44 Days | 49 Days | +10.7% |
Summary: Homes in Cheltenham had an average of 49 days on market in Nov 2024, up by 10.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cheltenham are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in Cheltenham; 63% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
