Is Marple Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Marple Township is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Marple Township has remained a Seller's Market.

Key Takeaway

Marple Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Marple Township, PA

How much do homes in Marple Township, PA cost?

Median Sold Price

$550,000

$284/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$40,000(+7.8%)

Key Takeaway

Homes in Marple Township have sold for 7.8% more than they did a year ago.

Summary: The median home sold price in Marple Township was $550,000 in November 2024, up 7.8% from last year, and the median price per square foot was $284.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $255K$300K
+17.6%
3 $489.4K$525K
+7.3%
4 $599K$625K
+4.3%
5+ $851K$1.6M
+93.9%

Summary: Marple Township 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 increased by 17.6%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 93.9%.

Median Sold Price Compared To Nearby Cities

Marple Township
+7.8%
Springfield
+7.5%
Broomall
+6.4%
Upper Providence Township
+3.2%
Newtown Township
-6.8%

Housing Supply in Marple Township, PA

How many homes are available in Marple Township, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
62620.0%

Summary: The Marple Township real estate market had 62 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 66
0.0%
3 2623
-11.5%
4 1820
+11.1%
5+ 1213
+8.3%

Summary: The Marple Township 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 11.5%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 8.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1617+6.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Marple Township, you may be able to get a good deal. 41.2% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in Marple Township in November 2024, up by 6.3% month-over-month. Of the 17 sold homes, 41% were sold under asking, 24% were sold at asking, and 35% were sold over asking.

Days on Market for Marple Township, PA

How long does it take to sell a home in Marple Township, PA?

Average Sale Time

Nov 2023Nov 2024CHANGE
22 Days22 Days-1.2%

Summary: Homes in Marple Township had an average of 22 days on market in Nov 2024, down by 1.2% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Marple Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 17 homes were sold in Marple Township; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in Marple Township, PA

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