$3,205 Closing Credit*
$269,900
1,232 SqFt
3 Beds
•2 Full Baths
Sonja S Wayns, Listing Office: Diversified Realty Solutions
Is Overbrook, 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, Overbrook was a Seller's Market.
Key Takeaway
Overbrook 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 Overbrook, PA
How much do homes in Overbrook, PA cost?
Median Sold Price
$217,500
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$12,500(+6.1%)
Key Takeaway
Homes in Overbrook have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in Overbrook was $217,500 in October 2024, up 6.1% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $212K | - | N/A |
| 2 Bedrooms | $155K | $127.5K | -17.7% |
| 3 Bedrooms | $192K | $200K | +4.2% |
| 4 Bedrooms | $264.9K | $285K | +7.5% |
| 5+ Bedrooms | $352K | $367.5K | +4.4% |
Summary: Overbrook 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 17.7%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 4.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Penn Wynne | $430K | $521K | +21.2% |
| Overbrook | $205K | $217.5K | +6.1% |
| West Philadelphia | $179.9K | $183.6K | +2.1% |
| Haddington | $123.7K | $119K | -3.8% |
| Carroll Park | $127K | $115K | -9.4% |
Housing Supply in Overbrook, PA
How many homes are available in Overbrook, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 76 | 86 | +13.2% |
Summary: The Overbrook real estate market had 86 homes for sale in October 2024, a 13.2% 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 | 2 | 0 | -100.0% |
| 3 Bedrooms | 48 | 62 | +29.2% |
| 4 Bedrooms | 14 | 13 | -7.1% |
| 5+ Bedrooms | 12 | 11 | -8.3% |
Summary: The Overbrook 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 decreased by 100%, 3 bedroom homes increased by 29.2%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 14 | +16.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Overbrook, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Overbrook in October 2024, up by 16.7% month-over-month. Of the 14 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for Overbrook, PA
How long does it take to sell a home in Overbrook, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 71 Days | 30 Days | -57.4% |
Summary: Homes in Overbrook had an average of 30 days on market in Oct 2024, down by 57.4% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Overbrook are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 14 homes were sold in Overbrook; 64% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
