$3,918 Closing Credit*
$329,900
1,268 SqFt
3 Beds
•1 Full Bath
James Schmoyer, Listing Office: Iron Valley Real Estate Quakertown
Is Red Hill, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Red Hill has remained a Seller'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
$345,000
$244/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$7,500(-2.1%)
Key Takeaway
Homes in Red Hill have sold for 2.1% less than they did a month ago.
Summary: The median home sold price in Red Hill was $345,000 in November 2024, down 2.1% from last month, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $333K | N/A |
| 3 Bedrooms | $350K | $405K | +15.7% |
| 4 Bedrooms | $415K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Red Hill housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 15.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Red Hill, PA
How many homes are available in Red Hill, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 11 | -8.3% |
Summary: The Red Hill real estate market had 11 homes for sale in November 2024, a 8.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Red Hill 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 remained the same, 3 bedroom homes decreased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Red Hill, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Red Hill in November 2024, down by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% 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 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 Days | 11 Days | +9.7% |
Summary: Homes in Red Hill had an average of 11 days on market in Nov 2024, up by 9.7% compared to last month.
Breakdown of Home Sale Times
3 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 November 2024, 3 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.
