$629 Closing Credit*
$53,000
1,100 SqFt
3 Beds
•1 Full Bath
Jaimee A. Cohen, Listing Office: RE/MAX Prime Real Estate
Is Mill Creek, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Mill Creek was a Seller's Market.
Key Takeaway
Mill Creek is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Mill Creek, PA
How much do homes in Mill Creek, PA cost?
Median Sold Price
$123,000
$97/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$2,000(-1.6%)
Key Takeaway
Homes in Mill Creek have sold for 1.6% less than they did a year ago.
Summary: The median home sold price in Mill Creek was $123,000 in October 2024, down 1.6% from last year, and the median price per square foot was $97.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $55K | $45K | -18.2% |
| 3 Bedrooms | $130K | $121.5K | -6.5% |
| 4 Bedrooms | $265K | $180K | -32.1% |
| 5+ Bedrooms | $217K | $135K | -37.8% |
Summary: Mill Creek housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 18.2%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes decreased by 32.1%, and 5+ bedroom homes decreased by 37.8%.
Median Sold Price Compared To Nearby Neighborhoods
| West Philadelphia | $179.9K | $183.6K | +2.1% |
| Parkside | $143K | $145K | +1.4% |
| Mill Creek | $125K | $123K | -1.6% |
| Belmont | $156K | $118K | -24.4% |
Housing Supply in Mill Creek, PA
How many homes are available in Mill Creek, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 37 | +15.6% |
Summary: The Mill Creek real estate market had 37 homes for sale in October 2024, a 15.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 19 | 23 | +21.1% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Mill Creek 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 remained the same, 3 bedroom homes increased by 21.1%, 4 bedroom homes increased by 40%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mill Creek, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Mill Creek in October 2024, up by 50.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.
Days on Market for Mill Creek, PA
How long does it take to sell a home in Mill Creek, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 64 Days | +146.2% |
Summary: Homes in Mill Creek had an average of 64 days on market in Oct 2024, up by 146.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Mill Creek has remained consistent over time.
Summary: During October 2024, 6 homes were sold in Mill Creek; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
