$4,988 Closing Credit*
$420,000
1,754 SqFt
Geraldine A Steuterman, Listing Office: J Carroll Molloy
Is Jenkintown, 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, Jenkintown has remained a Seller's Market.
Key Takeaway
Jenkintown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Jenkintown, PA
How much do homes in Jenkintown, PA cost?
Median Sold Price
$490,000
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$34,150(+7.5%)
Key Takeaway
Homes in Jenkintown have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Jenkintown was $490,000 in November 2024, up 7.5% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $151K | $150.5K | -0.3% |
| 2 Bedrooms | $194.9K | $225K | +15.4% |
| 3 Bedrooms | $408K | $402.4K | -1.4% |
| 4 Bedrooms | $565K | $630K | +11.5% |
| 5+ Bedrooms | $625K | $831.2K | +33.0% |
Summary: Jenkintown housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.3%, 2 bedroom homes increased by 15.4%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 33%.
Median Sold Price Compared To Nearby Cities
| Jenkintown | $455.8K | $490K | +7.5% |
| Abington Township | $400K | $425K | +6.3% |
Housing Supply in Jenkintown, PA
How many homes are available in Jenkintown, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 46 | 38 | -17.4% |
Summary: The Jenkintown real estate market had 38 homes for sale in November 2024, a 17.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 5 | +66.7% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 14 | 8 | -42.9% |
| 4 Bedrooms | 14 | 13 | -7.1% |
| 5+ Bedrooms | 9 | 6 | -33.3% |
Summary: The Jenkintown housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 42.9%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 11 | -21.4% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jenkintown, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Jenkintown in November 2024, down by 21.4% month-over-month. Of the 11 sold homes, 55% were sold under asking, 18% were sold at asking, and 27% were sold over asking.
Days on Market for Jenkintown, PA
How long does it take to sell a home in Jenkintown, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 16 Days | 61 Days | +272.6% |
Summary: Homes in Jenkintown had an average of 61 days on market in Nov 2024, up by 272.6% compared to last year.
Breakdown of Home Sale Times
5 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 Jenkintown are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 11 homes were sold in Jenkintown; 45% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
