$10,000 Closing Credit*
$1,500,000
4,268 SqFt
4 Beds
•3 Full Baths, 1 Partial
William E Finigan, Listing Office: Long & Foster Real Estate, Inc.
Is Media, 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, 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
$592,737
$260/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$1,762(-0.3%)
Key Takeaway
The sold price of homes in Media has remained the same since last year.
Summary: The median home sold price in Media was $592,737 in October 2024, down 0.3% from last year, and the median price per square foot was $260.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $235.5K | +38.5% |
| 2 Bedrooms | $263.5K | $375K | +42.3% |
| 3 Bedrooms | $502.5K | $502.4K | 0% |
| 4 Bedrooms | $670K | $689.5K | +2.9% |
| 5+ Bedrooms | $999.7K | $935K | -6.5% |
Summary: Media housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 38.5%, 2 bedroom homes increased by 42.3%, 3 bedroom homes did not change, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes decreased by 6.5%.
Median Sold Price Compared To Nearby Cities
| Nether Providence Township | $410K | $435K | +6.1% |
| Upper Providence Township | $628.2K | $650K | +3.5% |
| Media | $594.5K | $592.7K | -0.3% |
Housing Supply in Media, PA
How many homes are available in Media, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 101 | 92 | -8.9% |
Summary: The Media real estate market had 92 homes for sale in October 2024, a 8.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 11 | 9 | -18.2% |
| 3 Bedrooms | 34 | 26 | -23.5% |
| 4 Bedrooms | 32 | 34 | +6.3% |
| 5+ Bedrooms | 23 | 22 | -4.3% |
Summary: The Media 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 18.2%, 3 bedroom homes decreased by 23.5%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 4.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 20 | -35.5% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Media, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Media in October 2024, down by 35.5% month-over-month. Of the 20 sold homes, 50% were sold under asking, 15% were sold at asking, and 35% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 28 Days | +52.3% |
Summary: Homes in Media had an average of 28 days on market in Oct 2024, up by 52.3% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Media are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 20 homes were sold in Media; 65% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
