$10,000 Closing Credit*
$875,000
2,368 SqFt
Stacy L Sanseverino, Listing Office: KW Empower
Is Passayunk Square, 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, 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
$416,250
$298/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$16,250(+4.1%)
Key Takeaway
Homes in Passayunk Square have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in Passayunk Square was $416,250 in October 2024, up 4.1% from last year, and the median price per square foot was $298.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $330K | - | N/A |
| 2 Bedrooms | $339.9K | $360K | +5.9% |
| 3 Bedrooms | $430K | $420K | -2.3% |
| 4 Bedrooms | $560K | $614.5K | +9.7% |
| 5+ Bedrooms | $440K | $400K | -9.1% |
Summary: Passayunk Square 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 increased by 5.9%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes decreased by 9.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Bella Vista | $490K | $564K | +15.1% |
| Passayunk Square | $400K | $416.2K | +4.1% |
| Point Breeze | $330K | $335K | +1.5% |
| Hawthorne | $490K | $495K | +1.0% |
| Dickson Narrows | $421.5K | $400K | -5.1% |
Housing Supply in Passayunk Square, PA
How many homes are available in Passayunk Square, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 71 | 81 | +14.1% |
Summary: The Passayunk Square real estate market had 81 homes for sale in October 2024, a 14.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 10 | 9 | -10.0% |
| 3 Bedrooms | 32 | 38 | +18.8% |
| 4 Bedrooms | 19 | 20 | +5.3% |
| 5+ Bedrooms | 9 | 12 | +33.3% |
Summary: The Passayunk Square 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 10%, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 15 | +50.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 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. 73.3% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Passayunk Square in October 2024, up by 50.0% month-over-month. Of the 15 sold homes, 73% were sold under asking, 0% were sold at asking, and 27% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 57 Days | 35 Days | -38.4% |
Summary: Homes in Passayunk Square had an average of 35 days on market in Oct 2024, down by 38.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 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 October 2024, 15 homes were sold in Passayunk Square; 53% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
