$8,182 Closing Credit*
$689,000
2,880 SqFt
3 Beds
•2 Full Baths, 1 Partial
Vincent J Catroppa, Listing Office: BHHS Fox & Roach-Center City Walnut
Is Passyunk Homes, 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, Passyunk Homes was a Buyer's Market.
Key Takeaway
Passyunk Homes is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Passyunk Homes, PA
How much do homes in Passyunk Homes, PA cost?
Median Sold Price
$661,035
$263/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$31,035(+4.9%)
Key Takeaway
Homes in Passyunk Homes have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in Passyunk Homes was $661,035 in October 2024, up 4.9% from last year, and the median price per square foot was $263.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $387.4K | $421K | +8.7% |
| 3 Bedrooms | $622K | $722.1K | +16.1% |
| 4 Bedrooms | $690K | $607.7K | -11.9% |
| 5+ Bedrooms | $627.5K | $722.5K | +15.1% |
Summary: Passyunk Homes 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 8.7%, 3 bedroom homes increased by 16.1%, 4 bedroom homes decreased by 11.9%, and 5+ bedroom homes increased by 15.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Passyunk Homes | $630K | $661K | +4.9% |
| Marconi Plaza | $295K | $287.5K | -2.5% |
| Girard Estate | $385K | $331K | -14.0% |
Housing Supply in Passyunk Homes, PA
How many homes are available in Passyunk Homes, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 11 | -8.3% |
Summary: The Passyunk Homes real estate market had 11 homes for sale in October 2024, a 8.3% decrease 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 9 | 9 | 0.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Passyunk Homes 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Passyunk Homes, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Passyunk Homes in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for Passyunk Homes, PA
How long does it take to sell a home in Passyunk Homes, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 4 Days | 272 Days | +6700.0% |
Summary: Homes in Passyunk Homes had an average of 272 days on market in Oct 2024, up by 6700% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Passyunk Homes are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 4 homes were sold in Passyunk Homes; 0% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 75% of homes were sold over 90 days.
