$4,036 Closing Credit*
$339,900
1,638 SqFt
4 Beds
•2 Full Baths
Timothy Collins, Listing Office: Re/Max One Realty
Is Parkwood, 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, Parkwood has remained a Seller's Market.
Key Takeaway
Parkwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Parkwood, PA
How much do homes in Parkwood, PA cost?
Median Sold Price
$315,000
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since October 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 October 2024, up 6.8% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | - | N/A |
| 2 Bedrooms | $260K | $260K | 0.0% |
| 3 Bedrooms | $297K | $317.3K | +6.8% |
| 4 Bedrooms | $347.4K | $350K | +0.7% |
| 5+ Bedrooms | $370K | $467.5K | +26.4% |
Summary: Parkwood 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 did not change, 3 bedroom homes increased by 6.8%, 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 | $362.5K | $380K | +4.8% |
Housing Supply in Parkwood, PA
How many homes are available in Parkwood, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 38 | +31.0% |
Summary: The Parkwood real estate market had 38 homes for sale in October 2024, a 31.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 5 | 1 | -80.0% |
| 3 Bedrooms | 23 | 35 | +52.2% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Parkwood housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 80%, 3 bedroom homes increased by 52.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 10 | -16.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 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 10 homes were sold or pending in Parkwood in October 2024, down by 16.7% month-over-month. Of the 10 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 15 Days | 21 Days | +34.0% |
Summary: Homes in Parkwood had an average of 21 days on market in Oct 2024, up by 34% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 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 October 2024, 10 homes were sold in Parkwood; 70% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
