$2,719 Closing Credit*
$229,000
2,304 SqFt
3 Beds
•2 Full Baths
Georgine E Burg, Listing Office: Brode & Brooks Inc
Is Red Hill, 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, Red Hill was a Buyer's Market.
Key Takeaway
Red Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Red Hill, PA
How much do homes in Red Hill, PA cost?
Median Sold Price
$315,000
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$7,500(+2.4%)
Key Takeaway
Homes in Red Hill have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in Red Hill was $315,000 in October 2024, up 2.4% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $207.5K | $232K | +11.8% |
| 3 Bedrooms | $322K | $317.5K | -1.4% |
| 4 Bedrooms | $430.4K | $360K | -16.4% |
| 5+ Bedrooms | - | $335K | N/A |
Summary: Red Hill 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 11.8%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes decreased by 16.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Pennsburg | $339K | $371K | +9.4% |
| Red Hill | $307.5K | $315K | +2.4% |
| Upper Hanover Township | $465K | $421K | -9.5% |
Housing Supply in Red Hill, PA
How many homes are available in Red Hill, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 13 | +44.4% |
Summary: The Red Hill real estate market had 13 homes for sale in October 2024, a 44.4% increase 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 | 7 | 10 | +42.9% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Red Hill 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 increased by 42.9%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Red Hill, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Red Hill in October 2024, up by 400.0% month-over-month. Of the 5 sold homes, 0% were sold under asking, 40% were sold at asking, and 60% were sold over asking.
Days on Market for Red Hill, PA
How long does it take to sell a home in Red Hill, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 7 Days | 11 Days | +65.7% |
Summary: Homes in Red Hill had an average of 11 days on market in Oct 2024, up by 65.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Red Hill are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Red Hill; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
