$5,047 Closing Credit*
$425,000
1,800 SqFt
3 Beds
•2 Full Baths, 1 Partial
Shari Smith-Jackson, Listing Office: EXP Realty, LLC
Is Mount Airy, 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, Mount Airy has remained a Seller's Market.
Key Takeaway
Mount Airy is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mount Airy, PA
How much do homes in Mount Airy, PA cost?
Median Sold Price
$391,633
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$6,633(+1.7%)
Key Takeaway
Homes in Mount Airy have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in Mount Airy was $391,633 in October 2024, up 1.7% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $172K | $151.6K | -11.8% |
| 2 Bedrooms | $147.5K | $233.5K | +58.3% |
| 3 Bedrooms | $308K | $315K | +2.3% |
| 4 Bedrooms | $503K | $540K | +7.4% |
| 5+ Bedrooms | $622.5K | $659K | +5.9% |
Summary: Mount Airy housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.8%, 2 bedroom homes increased by 58.3%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 5.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Germantown / Chestnut Hill | $288.7K | $316.8K | +9.7% |
| Chestnut Hill | $675K | $722.5K | +7.0% |
| Cedarbrook | $250K | $264.9K | +6.0% |
| Roxborough | $355K | $366.2K | +3.2% |
| Mount Airy | $385K | $391.6K | +1.7% |
Housing Supply in Mount Airy, PA
How many homes are available in Mount Airy, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 123 | 135 | +9.8% |
Summary: The Mount Airy real estate market had 135 homes for sale in October 2024, a 9.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 4 | 6 | +50.0% |
| 3 Bedrooms | 63 | 64 | +1.6% |
| 4 Bedrooms | 22 | 24 | +9.1% |
| 5+ Bedrooms | 33 | 38 | +15.2% |
Summary: The Mount Airy housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 15.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 31 | +72.2% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mount Airy, you may be able to get a good deal. 45.2% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in Mount Airy in October 2024, up by 72.2% month-over-month. Of the 31 sold homes, 45% were sold under asking, 32% were sold at asking, and 23% were sold over asking.
Days on Market for Mount Airy, PA
How long does it take to sell a home in Mount Airy, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 60 Days | 36 Days | -40.2% |
Summary: Homes in Mount Airy had an average of 36 days on market in Oct 2024, down by 40.2% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mount Airy are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 31 homes were sold in Mount Airy; 65% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
