$10,000 Closing Credit*
$849,000
2,417 SqFt
4 Beds
•2 Full Baths, 1 Partial
Stephanie M MacDonald, Listing Office: Compass Pennsylvania, LLC
Is Merion Station, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Merion Station has remained a Seller's Market.
Key Takeaway
Merion Station is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Merion Station, PA
How much do homes in Merion Station, PA cost?
Median Sold Price
$975,000
$383/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$210,000(+27.5%)
Key Takeaway
Homes in Merion Station have sold for 27.5% more than they did a month ago.
Summary: The median home sold price in Merion Station was $975,000 in November 2024, up 27.5% from last month, and the median price per square foot was $383.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $715K | $585K | -18.2% |
| 4 Bedrooms | - | $1.5M | N/A |
| 5+ Bedrooms | $882.5K | $975K | +10.5% |
Summary: Merion Station housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 18.2%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 10.5%.
Housing Supply in Merion Station, PA
How many homes are available in Merion Station, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 13 | -35.0% |
Summary: The Merion Station real estate market had 13 homes for sale in November 2024, a 35.0% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 6 | 1 | -83.3% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 12 | 9 | -25.0% |
Summary: The Merion Station 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 83.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Merion Station, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Merion Station in November 2024, down by 28.6% month-over-month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.
Days on Market for Merion Station, PA
How long does it take to sell a home in Merion Station, PA?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 Days | 10 Days | -30.7% |
Summary: Homes in Merion Station had an average of 10 days on market in Nov 2024, down by 30.7% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Merion Station are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Merion Station; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
