$5,641 Closing Credit*
$475,000
2,580 SqFt
3 Beds
•3 Full Baths, 1 Partial
Ashlee Check, Listing Office: Compass Pennsylvania, LLC
Is Dresher, 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, Dresher was a Seller's Market.
Key Takeaway
Dresher is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Dresher, PA
How much do homes in Dresher, PA cost?
Median Sold Price
$675,000
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$122,500(+22.2%)
Key Takeaway
Homes in Dresher have sold for 22.2% more than they did a year ago.
Summary: The median home sold price in Dresher was $675,000 in November 2024, up 22.2% from last year, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $315K | $358.2K | +13.7% |
| 3 Bedrooms | $480K | $490K | +2.1% |
| 4 Bedrooms | $575K | $725K | +26.1% |
| 5+ Bedrooms | $857.5K | $1.0M | +19.0% |
Summary: Dresher 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 13.7%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 26.1%, and 5+ bedroom homes increased by 19%.
Median Sold Price Compared To Nearby Cities
| Fort Washington | $590K | $807K | +36.8% |
| Dresher | $552.5K | $675K | +22.2% |
| Upper Dublin Township | $541.6K | $604.5K | +11.6% |
| Upper Moreland Township | $388.6K | $430K | +10.6% |
| Horsham | $385K | $425.5K | +10.5% |
Housing Supply in Dresher, PA
How many homes are available in Dresher, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Summary: The Dresher real estate market had 10 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 3 | 2 | -33.3% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Dresher 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 100%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 1 | -80.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dresher, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Dresher in November 2024, down by 80.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Dresher, PA
How long does it take to sell a home in Dresher, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 7 Days | 20 Days | +166.7% |
Summary: Homes in Dresher had an average of 20 days on market in Nov 2024, up by 166.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Dresher are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 1 homes were sold in Dresher; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
