$5,343 Closing Credit*
$449,900
2,362 SqFt
4 Beds
•2 Full Baths, 1 Partial
Nicole Erickson, Listing Office: Keller Williams Main Line
Is Drexel Hill, 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, Drexel Hill has remained a Seller's Market.
Key Takeaway
Drexel Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Drexel Hill, PA
How much do homes in Drexel Hill, PA cost?
Median Sold Price
$310,000
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,000(+6.9%)
Key Takeaway
Homes in Drexel Hill have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Drexel Hill was $310,000 in November 2024, up 6.9% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $192.5K | $207K | +7.5% |
| 3 Bedrooms | $247.5K | $266K | +7.5% |
| 4 Bedrooms | $372.5K | $390K | +4.7% |
| 5+ Bedrooms | $417.5K | $455K | +9.0% |
Summary: Drexel Hill 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 7.5%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 9%.
Median Sold Price Compared To Nearby Cities
| Lansdowne | $217K | $260K | +19.8% |
| Clifton Heights | $214K | $233K | +8.9% |
| Drexel Hill | $290K | $310K | +6.9% |
| Upper Darby | $180K | $190K | +5.6% |
| Upper Darby Township | $235.1K | $240K | +2.0% |
Housing Supply in Drexel Hill, PA
How many homes are available in Drexel Hill, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 93 | 90 | -3.2% |
Summary: The Drexel Hill real estate market had 90 homes for sale in November 2024, a 3.2% 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 | 45 | 46 | +2.2% |
| 4 Bedrooms | 23 | 23 | 0.0% |
| 5+ Bedrooms | 24 | 20 | -16.7% |
Summary: The Drexel Hill 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 increased by 2.2%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 30 | 20 | -33.3% |
Asking Price vs. Sold Price
10 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 Drexel Hill, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Drexel Hill in November 2024, down by 33.3% month-over-month. Of the 20 sold homes, 50% were sold under asking, 15% were sold at asking, and 35% were sold over asking.
Days on Market for Drexel Hill, PA
How long does it take to sell a home in Drexel Hill, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 13 Days | 25 Days | +79.8% |
Summary: Homes in Drexel Hill had an average of 25 days on market in Nov 2024, up by 79.8% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Drexel Hill are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 20 homes were sold in Drexel Hill; 75% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
