Is Glenmoore, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Glenmoore is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Glenmoore has remained a Seller's Market.

Key Takeaway

Glenmoore is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Glenmoore, PA

How much do homes in Glenmoore, PA cost?

Median Sold Price

$675,000

$222/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$94,000(+16.2%)

Key Takeaway

Homes in Glenmoore have sold for 16.2% more than they did a year ago.

Summary: The median home sold price in Glenmoore was $675,000 in October 2024, up 16.2% from last year, and the median price per square foot was $222.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $375K-
N/A
3 $515K$499.9K
-2.9%
4 $635K$685K
+7.9%
5+ $762.4K$765K
0.3%

Summary: Glenmoore 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 did not change, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 0.3%.

Median Sold Price Compared To Nearby Cities

Glenmoore
+16.2%
Wallace Township
+4.1%
Upper Uwchlan Township
+3.5%
East Brandywine Township
+1.1%

Housing Supply in Glenmoore, PA

How many homes are available in Glenmoore, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2925-13.8%

Summary: The Glenmoore real estate market had 25 homes for sale in October 2024, a 13.8% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 108
-20.0%
4 1513
-13.3%
5+ 44
0.0%

Summary: The Glenmoore 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 decreased by 20%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
46+50.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Glenmoore, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Glenmoore in October 2024, up by 50.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.

Days on Market for Glenmoore, PA

How long does it take to sell a home in Glenmoore, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
10 Days38 Days+254.9%

Summary: Homes in Glenmoore had an average of 38 days on market in Oct 2024, up by 254.9% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Glenmoore has remained consistent over time.

Summary: During October 2024, 6 homes were sold in Glenmoore; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 14 Days Ago

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