$10,000 Closing Credit*
$1,800,000
3,500 SqFt
4 Beds
•4 Full Baths, 1 Partial
John Bolaris, Listing Office: KW Empower
Is Queen Village, 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, Queen Village was a Neutral Market.
Key Takeaway
Queen Village is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Queen Village, PA
How much do homes in Queen Village, PA cost?
Median Sold Price
$546,250
$355/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$38,750(-6.6%)
Key Takeaway
Homes in Queen Village have sold for 6.6% less than they did a year ago.
Summary: The median home sold price in Queen Village was $546,250 in October 2024, down 6.6% from last year, and the median price per square foot was $355.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $305K | $321.7K | +5.5% |
| 2 Bedrooms | $390K | $460K | +17.9% |
| 3 Bedrooms | $714.5K | $631.5K | -11.6% |
| 4 Bedrooms | $715K | $870K | +21.7% |
| 5+ Bedrooms | $1.3M | $779.5K | -40.0% |
Summary: Queen Village housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.5%, 2 bedroom homes increased by 17.9%, 3 bedroom homes decreased by 11.6%, 4 bedroom homes increased by 21.7%, and 5+ bedroom homes decreased by 40%.
Median Sold Price Compared To Nearby Neighborhoods
| Society Hill | $520K | $600K | +15.4% |
| Center City | $494K | $481.3K | -2.6% |
| Queen Village | $585K | $546.2K | -6.6% |
Housing Supply in Queen Village, PA
How many homes are available in Queen Village, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 53 | 60 | +13.2% |
Summary: The Queen Village real estate market had 60 homes for sale in October 2024, a 13.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 24 | 25 | +4.2% |
| 3 Bedrooms | 18 | 20 | +11.1% |
| 4 Bedrooms | 4 | 9 | +125.0% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Queen Village 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 increased by 4.2%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 125%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 5 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Queen Village, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Queen Village in October 2024, down by 50.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for Queen Village, PA
How long does it take to sell a home in Queen Village, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 79 Days | 36 Days | -54.1% |
Summary: Homes in Queen Village had an average of 36 days on market in Oct 2024, down by 54.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Queen Village are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Queen Village; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
