$3,384 Closing Credit*
$285,000
1,360 SqFt
3 Beds
•1 Full Bath, 1 Partial
Michael Baselice, Listing Office: Keller Williams Real Estate-Langhorne
Is Modena Park, 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, 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 October 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 October 2024, up 5% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $280K | - | N/A |
| 2 Bedrooms | $247.5K | $280K | +13.1% |
| 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 October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.1%, 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
| Far Northeast Philadelphia | $310.9K | $330K | +6.1% |
| Modena Park | $300K | $315K | +5.0% |
| Millbrook | $310K | $320K | +3.2% |
Housing Supply in Modena Park, PA
How many homes are available in Modena Park, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 37 | +23.3% |
Summary: The Modena Park real estate market had 37 homes for sale in October 2024, a 23.3% 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 | 6 | 6 | 0.0% |
| 3 Bedrooms | 20 | 30 | +50.0% |
| 4 Bedrooms | 4 | 1 | -75.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Modena Park 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 50%, 4 bedroom homes decreased by 75%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 15 | +66.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Modena Park, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Modena Park in October 2024, up by 66.7% month-over-month. Of the 15 sold homes, 67% were sold under asking, 27% were sold at asking, and 7% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 10 Days | 33 Days | +236.0% |
Summary: Homes in Modena Park had an average of 33 days on market in Oct 2024, up by 236% compared to last year.
Breakdown of Home Sale Times
8 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 Modena Park are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 15 homes were sold in Modena Park; 53% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
