$4,988 Closing Credit*
$420,000
1,168 SqFt
2 Beds
•2 Full Baths, 1 Partial
Ryan A Lockstein, Listing Office: Rosedale Real Estate LLC
Is Passayunk Square, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Passayunk Square has remained a Seller's Market.
Key Takeaway
Passayunk Square is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Passayunk Square, PA
How much do homes in Passayunk Square, PA cost?
Median Sold Price
$410,000
$298/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,000(+2.5%)
Key Takeaway
Homes in Passayunk Square have sold for 2.5% more than they did a year ago.
Summary: The median home sold price in Passayunk Square was $410,000 in November 2024, up 2.5% from last year, and the median price per square foot was $298.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $330K | - | N/A |
| 2 Bedrooms | $342K | $357.5K | +4.5% |
| 3 Bedrooms | $420K | $420K | 0.0% |
| 4 Bedrooms | $567.5K | $630K | +11.0% |
| 5+ Bedrooms | $438.7K | $370K | -15.7% |
Summary: Passayunk Square 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 increased by 4.5%, 3 bedroom homes did not change, 4 bedroom homes increased by 11%, and 5+ bedroom homes decreased by 15.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Bella Vista | $482.5K | $578.7K | +19.9% |
| Passayunk Square | $400K | $410K | +2.5% |
| Point Breeze | $334.8K | $335K | 0.0% |
| Hawthorne | $500K | $495K | -1.0% |
| Dickson Narrows | $425K | $399.9K | -5.9% |
Housing Supply in Passayunk Square, PA
How many homes are available in Passayunk Square, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 77 | 74 | -3.9% |
Summary: The Passayunk Square real estate market had 74 homes for sale in November 2024, a 3.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 9 | 10 | +11.1% |
| 3 Bedrooms | 35 | 37 | +5.7% |
| 4 Bedrooms | 19 | 16 | -15.8% |
| 5+ Bedrooms | 12 | 9 | -25.0% |
Summary: The Passayunk Square 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 increased by 11.1%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 15.8%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 14 | -17.6% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Passayunk Square, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Passayunk Square in November 2024, down by 17.6% month-over-month. Of the 14 sold homes, 57% were sold under asking, 21% were sold at asking, and 21% were sold over asking.
Days on Market for Passayunk Square, PA
How long does it take to sell a home in Passayunk Square, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 56 Days | 67 Days | +19.6% |
Summary: Homes in Passayunk Square had an average of 67 days on market in Nov 2024, up by 19.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Passayunk Square are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 14 homes were sold in Passayunk Square; 50% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
