$8,016 Closing Credit*
$675,000
2,376 SqFt
4 Beds
•2 Full Baths, 1 Partial
Maria Koroleva, Listing Office: EXP Realty, LLC.
Is Dresher, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Dresher has remained a Seller's Market.
Key Takeaway
Dresher is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Dresher, PA
How much do homes in Dresher, PA cost?
Median Sold Price
$680,000
$246/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$125,000(+22.5%)
Key Takeaway
Homes in Dresher have sold for 22.5% more than they did a year ago.
Summary: The median home sold price in Dresher was $680,000 in October 2024, up 22.5% from last year, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $315K | $349K | +10.8% |
| 3 Bedrooms | $480K | $497.5K | +3.6% |
| 4 Bedrooms | $575K | $725.7K | +26.2% |
| 5+ Bedrooms | $857.5K | $1.0M | +19.0% |
Summary: Dresher 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 10.8%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 26.2%, and 5+ bedroom homes increased by 19%.
Median Sold Price Compared To Nearby Cities
| Fort Washington | $612.5K | $803.5K | +31.2% |
| Dresher | $555K | $680K | +22.5% |
| Upper Dublin Township | $540K | $599.8K | +11.1% |
| Upper Moreland Township | $386.2K | $427.5K | +10.7% |
| Horsham | $391K | $411.2K | +5.2% |
Housing Supply in Dresher, PA
How many homes are available in Dresher, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 12 | -20.0% |
Summary: The Dresher real estate market had 12 homes for sale in October 2024, a 20.0% decrease 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 | 3 | 1 | -66.7% |
| 3 Bedrooms | 4 | 3 | -25.0% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Dresher 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 decreased by 66.7%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 4 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Dresher, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Dresher in October 2024, down by 50.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 10 Days | 34 Days | +229.0% |
Summary: Homes in Dresher had an average of 34 days on market in Oct 2024, up by 229% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 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 October 2024, 4 homes were sold in Dresher; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
