$4,275 Closing Credit*
$360,000
910 SqFt
2 Beds
•1 Full Bath
Connor Banning, Listing Office: BHHS Fox & Roach-Center City Walnut
Is Marconi Plaza, 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, 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
$297,750
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$17,750(+6.3%)
Key Takeaway
Homes in Marconi Plaza have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in Marconi Plaza was $297,750 in November 2024, up 6.3% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $270K | $215K | -20.4% |
| 3 Bedrooms | $280K | $309K | +10.4% |
| 4 Bedrooms | $325K | $340K | +4.6% |
| 5+ Bedrooms | - | - | N/A |
Summary: Marconi Plaza housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 20.4%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Marconi Plaza | $280K | $297.7K | +6.3% |
| Snyder / Passyunk West | $250K | $254K | +1.6% |
| South Philadelphia | $342.8K | $346.5K | +1.1% |
| East Oregon | $247.7K | $250K | +0.9% |
Housing Supply in Marconi Plaza, PA
How many homes are available in Marconi Plaza, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 17 | -10.5% |
Summary: The Marconi Plaza real estate market had 17 homes for sale in November 2024, a 10.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 17 | 15 | -11.8% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Marconi Plaza housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 11.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 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 November 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 34 Days | +17.1% |
Summary: Homes in Marconi Plaza had an average of 34 days on market in Nov 2024, up by 17.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Marconi Plaza are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Marconi Plaza; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
