$4,144 Closing Credit*
$349,000
838 SqFt
2 Beds
•1 Full Bath
Meng Huang
Is Marconi Plaza, 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, Marconi Plaza has remained a Seller's Market.
Key Takeaway
Marconi Plaza is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Marconi Plaza, PA
How much do homes in Marconi Plaza, PA cost?
Median Sold Price
$287,500
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$7,500(-2.5%)
Key Takeaway
Homes in Marconi Plaza have sold for 2.5% less than they did a year ago.
Summary: The median home sold price in Marconi Plaza was $287,500 in October 2024, down 2.5% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $305K | $230K | -24.6% |
| 3 Bedrooms | $288K | $300K | +4.2% |
| 4 Bedrooms | $325K | $340K | +4.6% |
| 5+ Bedrooms | - | - | N/A |
Summary: Marconi Plaza 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 24.6%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| South Philadelphia | $342.2K | $349.9K | +2.3% |
| Snyder / Passyunk West | $250K | $250K | 0.0% |
| East Oregon | $249K | $245K | -1.6% |
| Marconi Plaza | $295K | $287.5K | -2.5% |
Housing Supply in Marconi Plaza, PA
How many homes are available in Marconi Plaza, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 21 | +5.0% |
Summary: The Marconi Plaza real estate market had 21 homes for sale in October 2024, a 5.0% 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 | 3 | 2 | -33.3% |
| 3 Bedrooms | 17 | 19 | +11.8% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Marconi Plaza 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 33.3%, 3 bedroom homes increased by 11.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Marconi Plaza, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Marconi Plaza in October 2024, the same as the previous month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Marconi Plaza, PA
How long does it take to sell a home in Marconi Plaza, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 36 Days | +92.1% |
Summary: Homes in Marconi Plaza had an average of 36 days on market in Oct 2024, up by 92.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Marconi Plaza are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Marconi Plaza; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
