$3,557 Closing Credit*
$299,500
1,224 SqFt
3 Beds
•1 Full Bath
Miladin Nikic, Listing Office: Century 21 Advantage Gold-Castor
Is Parkwood, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Parkwood was a Seller's Market.
Key Takeaway
Parkwood 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 Parkwood, PA
How much do homes in Parkwood, PA cost?
Median Sold Price
$315,000
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,000(+6.8%)
Key Takeaway
Homes in Parkwood have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in Parkwood was $315,000 in November 2024, up 6.8% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | - | N/A |
| 2 Bedrooms | $260K | $260K | 0.0% |
| 3 Bedrooms | $299.4K | $315K | +5.2% |
| 4 Bedrooms | $347.4K | $350K | +0.7% |
| 5+ Bedrooms | $370K | $467.5K | +26.4% |
Summary: Parkwood 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 did not change, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes increased by 26.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Parkwood | $295K | $315K | +6.8% |
| Somerton | $362.7K | $385K | +6.1% |
Housing Supply in Parkwood, PA
How many homes are available in Parkwood, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 | 33 | -10.8% |
Summary: The Parkwood real estate market had 33 homes for sale in November 2024, a 10.8% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 35 | 31 | -11.4% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Parkwood 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 remained the same, 3 bedroom homes decreased by 11.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 5 | -58.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Parkwood, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Parkwood in November 2024, down by 58.3% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Parkwood, PA
How long does it take to sell a home in Parkwood, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 47 Days | 9 Days | -81.1% |
Summary: Homes in Parkwood had an average of 9 days on market in Nov 2024, down by 81.1% compared to last year.
Breakdown of Home Sale Times
5 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 Parkwood are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Parkwood; 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.
