$7,422 Closing Credit*
$625,000
1,716 SqFt
3 Beds
•2 Full Baths, 1 Partial
William Holder, Listing Office: RE/MAX Classic
Is Media, 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, Media has remained a Seller's Market.
Key Takeaway
Media is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Media, PA
How much do homes in Media, PA cost?
Median Sold Price
$600,919
$260/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$27,317(+4.8%)
Key Takeaway
Homes in Media have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Media was $600,919 in November 2024, up 4.8% from last year, and the median price per square foot was $260.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $231K | +35.9% |
| 2 Bedrooms | $272.5K | $380K | +39.4% |
| 3 Bedrooms | $497.5K | $522.5K | +5.0% |
| 4 Bedrooms | $670K | $680K | +1.5% |
| 5+ Bedrooms | $999.7K | $900K | -10.0% |
Summary: Media housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35.9%, 2 bedroom homes increased by 39.4%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes decreased by 10%.
Median Sold Price Compared To Nearby Cities
| Nether Providence Township | $420.5K | $461.5K | +9.8% |
| Media | $573.6K | $600.9K | +4.8% |
| Upper Providence Township | $630K | $650K | +3.2% |
Housing Supply in Media, PA
How many homes are available in Media, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 92 | 85 | -7.6% |
Summary: The Media real estate market had 85 homes for sale in November 2024, a 7.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 9 | 7 | -22.2% |
| 3 Bedrooms | 29 | 23 | -20.7% |
| 4 Bedrooms | 32 | 35 | +9.4% |
| 5+ Bedrooms | 21 | 17 | -19.0% |
Summary: The Media housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes decreased by 22.2%, 3 bedroom homes decreased by 20.7%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes decreased by 19%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 27 | +28.6% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Media, you may be able to get a good deal. 48.1% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in Media in November 2024, up by 28.6% month-over-month. Of the 27 sold homes, 48% were sold under asking, 7% were sold at asking, and 44% were sold over asking.
Days on Market for Media, PA
How long does it take to sell a home in Media, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 18 Days | 24 Days | +33.8% |
Summary: Homes in Media had an average of 24 days on market in Nov 2024, up by 33.8% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Media are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 27 homes were sold in Media; 74% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
