$3,622 Closing Credit*
$305,000
1,520 SqFt
3 Beds
•2 Full Baths, 1 Partial
Paul Waldowski, Listing Office: RE/MAX One Realty
Is Modena Park, 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, Modena Park has remained a Seller's Market.
Key Takeaway
Modena Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Modena Park, PA
How much do homes in Modena Park, PA cost?
Median Sold Price
$315,000
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,000(+5.0%)
Key Takeaway
Homes in Modena Park have sold for 5% more than they did a year ago.
Summary: The median home sold price in Modena Park was $315,000 in November 2024, up 5% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $280K | - | N/A |
| 2 Bedrooms | $250K | $280K | +12.0% |
| 3 Bedrooms | $315K | $320K | +1.6% |
| 4 Bedrooms | $365K | $340K | -6.8% |
| 5+ Bedrooms | $490K | - | N/A |
Summary: Modena Park 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 12%, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 6.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Modena Park | $300K | $315K | +5.0% |
| Far Northeast Philadelphia | $314.9K | $330K | +4.8% |
| Walton Park | $318K | $332.5K | +4.6% |
| Millbrook | $315K | $317.5K | +0.8% |
Housing Supply in Modena Park, PA
How many homes are available in Modena Park, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 38 | 26 | -31.6% |
Summary: The Modena Park real estate market had 26 homes for sale in November 2024, a 31.6% 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 | 7 | 4 | -42.9% |
| 3 Bedrooms | 30 | 22 | -26.7% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Modena Park 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 decreased by 42.9%, 3 bedroom homes decreased by 26.7%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 9 | -43.8% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Modena Park, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Modena Park in November 2024, down by 43.8% month-over-month. Of the 9 sold homes, 22% were sold under asking, 22% were sold at asking, and 56% were sold over asking.
Days on Market for Modena Park, PA
How long does it take to sell a home in Modena Park, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 14 Days | 8 Days | -40.2% |
Summary: Homes in Modena Park had an average of 8 days on market in Nov 2024, down by 40.2% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Modena Park are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 9 homes were sold in Modena Park; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
