$25,000
0.03 Acres
Land
David Snyder, Listing Office: KW Empower
Is Kingsessing, 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, Kingsessing has remained a Buyer's Market.
Key Takeaway
Kingsessing is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Kingsessing, PA
How much do homes in Kingsessing, PA cost?
Median Sold Price
$125,500
$106/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$14,500(-10.4%)
Key Takeaway
Homes in Kingsessing have sold for 10.4% less than they did a year ago.
Summary: The median home sold price in Kingsessing was $125,500 in October 2024, down 10.4% from last year, and the median price per square foot was $106.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $94.5K | $80K | -15.3% |
| 3 Bedrooms | $129K | $110K | -14.7% |
| 4 Bedrooms | $210K | $190K | -9.5% |
| 5+ Bedrooms | $335K | $269.9K | -19.4% |
Summary: Kingsessing 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 decreased by 15.3%, 3 bedroom homes decreased by 14.7%, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes decreased by 19.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Cedar Park | $390.7K | $495K | +26.7% |
| Cobbs Creek | $156.6K | $169.9K | +8.5% |
| Kingsessing | $140K | $125.5K | -10.4% |
Housing Supply in Kingsessing, PA
How many homes are available in Kingsessing, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 93 | 105 | +12.9% |
Summary: The Kingsessing real estate market had 105 homes for sale in October 2024, a 12.9% 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 | 6 | 6 | 0.0% |
| 3 Bedrooms | 69 | 77 | +11.6% |
| 4 Bedrooms | 14 | 18 | +28.6% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Kingsessing 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 increased by 11.6%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 14 | -6.7% |
Asking Price vs. Sold Price
9 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 Kingsessing, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Kingsessing in October 2024, down by 6.7% month-over-month. Of the 14 sold homes, 64% were sold under asking, 14% were sold at asking, and 21% were sold over asking.
Days on Market for Kingsessing, PA
How long does it take to sell a home in Kingsessing, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 60 Days | 38 Days | -35.5% |
Summary: Homes in Kingsessing had an average of 38 days on market in Oct 2024, down by 35.5% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kingsessing are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 14 homes were sold in Kingsessing; 79% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
