$2,493 Closing Credit*
$209,900
1,076 SqFt
2 Beds
•1 Full Bath
Kimberley A Porter, Listing Office: Keller Williams Real Estate-Doylestown
Is Morrell 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, Morrell Park has remained a Seller's Market.
Key Takeaway
Morrell Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Morrell Park, PA
How much do homes in Morrell Park, PA cost?
Median Sold Price
$308,000
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$9,000(+3.0%)
Key Takeaway
Homes in Morrell Park have sold for 3% more than they did a year ago.
Summary: The median home sold price in Morrell Park was $308,000 in October 2024, up 3% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $253K | $220K | -13.0% |
| 3 Bedrooms | $300K | $310K | +3.3% |
| 4 Bedrooms | $315K | $350K | +11.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: Morrell 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 decreased by 13%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 11.1%, 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% |
| Morrell Park | $299K | $308K | +3.0% |
| Torresdale | $270K | $267K | -1.1% |
Housing Supply in Morrell Park, PA
How many homes are available in Morrell Park, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 35 | +2.9% |
Summary: The Morrell Park real estate market had 35 homes for sale in October 2024, a 2.9% 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 | 25 | 27 | +8.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Morrell 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 8%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Morrell Park, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 10 homes were sold or pending in Morrell Park in October 2024, the same as the previous month. Of the 10 sold homes, 30% were sold under asking, 40% were sold at asking, and 30% were sold over asking.
Days on Market for Morrell Park, PA
How long does it take to sell a home in Morrell Park, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 19 Days | -5.2% |
Summary: Homes in Morrell Park had an average of 19 days on market in Oct 2024, down by 5.2% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Morrell Park are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in Morrell Park; 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.
