$3,266 Closing Credit*
$275,000
1,305 SqFt
2 Beds
•2 Full Baths
Ashlee Check, Listing Office: Compass Pennsylvania, LLC
Is Elkins Park, 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, Elkins Park was a Seller's Market.
Key Takeaway
Elkins Park is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Elkins Park, PA
How much do homes in Elkins Park, PA cost?
Median Sold Price
$395,500
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$35,500(+9.9%)
Key Takeaway
Homes in Elkins Park have sold for 9.9% more than they did a year ago.
Summary: The median home sold price in Elkins Park was $395,500 in November 2024, up 9.9% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $99.5K | $125K | +25.6% |
| 2 Bedrooms | $200K | $200K | 0.0% |
| 3 Bedrooms | $331.5K | $384.7K | +16.1% |
| 4 Bedrooms | $460K | $449.9K | -2.2% |
| 5+ Bedrooms | $520K | $550K | +5.8% |
Summary: Elkins Park housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.6%, 2 bedroom homes did not change, 3 bedroom homes increased by 16.1%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes increased by 5.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Cheltenham | $347.7K | $434.5K | +24.9% |
| Elkins Park | $360K | $395.5K | +9.9% |
Housing Supply in Elkins Park, PA
How many homes are available in Elkins Park, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 67 | 59 | -11.9% |
Summary: The Elkins Park real estate market had 59 homes for sale in November 2024, a 11.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 12 | 11 | -8.3% |
| 3 Bedrooms | 19 | 15 | -21.1% |
| 4 Bedrooms | 18 | 13 | -27.8% |
| 5+ Bedrooms | 16 | 17 | +6.3% |
Summary: The Elkins Park housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 8.3%, 3 bedroom homes decreased by 21.1%, 4 bedroom homes decreased by 27.8%, and 5+ bedroom homes increased by 6.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 9 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Elkins Park, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Elkins Park in November 2024, down by 25.0% month-over-month. Of the 9 sold homes, 22% were sold under asking, 22% were sold at asking, and 56% were sold over asking.
Days on Market for Elkins Park, PA
How long does it take to sell a home in Elkins Park, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 15 Days | 34 Days | +115.4% |
Summary: Homes in Elkins Park had an average of 34 days on market in Nov 2024, up by 115.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Elkins Park are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 9 homes were sold in Elkins Park; 78% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
