$1,959 Closing Credit*
$165,000
1,710 SqFt
4 Beds
•1 Full Bath
Joseph Catroppa, Listing Office: BHHS Fox & Roach-Center City Walnut
Is Cobbs Creek, 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, Cobbs Creek was a Seller's Market.
Key Takeaway
Cobbs Creek is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Cobbs Creek, PA
How much do homes in Cobbs Creek, PA cost?
Median Sold Price
$169,983
$123/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$13,316(+8.5%)
Key Takeaway
Homes in Cobbs Creek have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in Cobbs Creek was $169,983 in October 2024, up 8.5% from last year, and the median price per square foot was $123.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $90K | $100K | +11.1% |
| 3 Bedrooms | $150K | $160K | +6.7% |
| 4 Bedrooms | $190K | $177.5K | -6.6% |
| 5+ Bedrooms | $321K | $237.4K | -26.0% |
Summary: Cobbs Creek housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 6.7%, 4 bedroom homes decreased by 6.6%, and 5+ bedroom homes decreased by 26%.
Median Sold Price Compared To Nearby Neighborhoods
| Cobbs Creek | $156.6K | $169.9K | +8.5% |
| West Philadelphia | $179.9K | $183.6K | +2.1% |
| Haddington | $123.7K | $119K | -3.8% |
| Kingsessing | $140K | $125.5K | -10.4% |
Housing Supply in Cobbs Creek, PA
How many homes are available in Cobbs Creek, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 154 | 169 | +9.7% |
Summary: The Cobbs Creek real estate market had 169 homes for sale in October 2024, a 9.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 89 | 104 | +16.9% |
| 4 Bedrooms | 54 | 56 | +3.7% |
| 5+ Bedrooms | 9 | 7 | -22.2% |
Summary: The Cobbs Creek 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 remained the same, 3 bedroom homes increased by 16.9%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes decreased by 22.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 24 | 0.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cobbs Creek, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in Cobbs Creek in October 2024, the same as the previous month. Of the 24 sold homes, 58% were sold under asking, 13% were sold at asking, and 29% were sold over asking.
Days on Market for Cobbs Creek, PA
How long does it take to sell a home in Cobbs Creek, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 30 Days | 46 Days | +53.6% |
Summary: Homes in Cobbs Creek had an average of 46 days on market in Oct 2024, up by 53.6% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cobbs Creek are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 24 homes were sold in Cobbs Creek; 54% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
