$2,921 Closing Credit*
$245,999
1,200 SqFt
3 Beds
•1 Full Bath, 1 Partial
Moses B Tambason, Listing Office: BHHS Prime Real Estate
Is Holmesburg, 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, Holmesburg has remained a Seller's Market.
Key Takeaway
Holmesburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Holmesburg, PA
How much do homes in Holmesburg, PA cost?
Median Sold Price
$220,000
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$8,000(+3.8%)
Key Takeaway
Homes in Holmesburg have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Holmesburg was $220,000 in October 2024, up 3.8% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $56K | $105K | +87.5% |
| 2 Bedrooms | $177.5K | $175K | -1.4% |
| 3 Bedrooms | $215.5K | $220K | +2.1% |
| 4 Bedrooms | $210K | $279K | +32.9% |
| 5+ Bedrooms | $250K | - | N/A |
Summary: Holmesburg housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 87.5%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 32.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Upper Holmesburg | $230K | $258K | +12.2% |
| Lexington Park | $315K | $330K | +4.8% |
| Holmesburg | $212K | $220K | +3.8% |
Housing Supply in Holmesburg, PA
How many homes are available in Holmesburg, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 61 | 75 | +23.0% |
Summary: The Holmesburg real estate market had 75 homes for sale in October 2024, a 23.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 54 | 66 | +22.2% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Holmesburg 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 increased by 100%, 3 bedroom homes increased by 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 17 | +54.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Holmesburg, you may be able to get a good deal. 47.1% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Holmesburg in October 2024, up by 54.5% month-over-month. Of the 17 sold homes, 47% were sold under asking, 24% were sold at asking, and 29% were sold over asking.
Days on Market for Holmesburg, PA
How long does it take to sell a home in Holmesburg, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 33 Days | +50.5% |
Summary: Homes in Holmesburg had an average of 33 days on market in Oct 2024, up by 50.5% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Holmesburg are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 17 homes were sold in Holmesburg; 65% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
