$3,561 Closing Credit*
$299,900
1,440 SqFt
Michael Rosania, Listing Office: Compass Pennsylvania, LLC
Is Gray's Ferry, 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, Gray's Ferry has remained a Seller's Market.
Key Takeaway
Gray's Ferry is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gray's Ferry, PA
How much do homes in Gray's Ferry, PA cost?
Median Sold Price
$210,000
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$2,000(-0.9%)
Key Takeaway
Homes in Gray's Ferry have sold for 0.9% less than they did a year ago.
Summary: The median home sold price in Gray's Ferry was $210,000 in October 2024, down 0.9% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $232.3K | - | N/A |
| 2 Bedrooms | $180K | $199K | +10.6% |
| 3 Bedrooms | $212K | $205K | -3.3% |
| 4 Bedrooms | $422.5K | $390K | -7.7% |
| 5+ Bedrooms | - | $475K | N/A |
Summary: Gray's Ferry 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 10.6%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Point Breeze | $330K | $335K | +1.5% |
| Snyder / Passyunk West | $250K | $250K | 0.0% |
| Gray's Ferry | $212K | $210K | -0.9% |
| Devil's Pocket | $662.5K | $632.5K | -4.5% |
| Girard Estate | $385K | $331K | -14.0% |
Housing Supply in Gray's Ferry, PA
How many homes are available in Gray's Ferry, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 83 | 97 | +16.9% |
Summary: The Gray's Ferry real estate market had 97 homes for sale in October 2024, a 16.9% increase 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 | 29 | 28 | -3.4% |
| 3 Bedrooms | 42 | 55 | +31.0% |
| 4 Bedrooms | 10 | 12 | +20.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Gray's Ferry 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 3.4%, 3 bedroom homes increased by 31%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 17 | +41.7% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Gray's Ferry, you may be able to get a good deal. 82.4% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Gray's Ferry in October 2024, up by 41.7% month-over-month. Of the 17 sold homes, 82% were sold under asking, 12% were sold at asking, and 6% were sold over asking.
Days on Market for Gray's Ferry, PA
How long does it take to sell a home in Gray's Ferry, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 53 Days | 74 Days | +39.3% |
Summary: Homes in Gray's Ferry had an average of 74 days on market in Oct 2024, up by 39.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Gray's Ferry are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 17 homes were sold in Gray's Ferry; 35% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
