$3,503 Closing Credit*
$295,000
1,479 SqFt
3 Beds
•1 Full Bath
John Knisely, Listing Office: Keller Williams Real Estate - Media
Is Ridley Township, 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, Ridley Township has remained a Seller's Market.
Key Takeaway
Ridley Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ridley Township, PA
How much do homes in Ridley Township, PA cost?
Median Sold Price
$311,250
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$16,250(+5.5%)
Key Takeaway
Homes in Ridley Township have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in Ridley Township was $311,250 in October 2024, up 5.5% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $108.5K | $130K | +19.8% |
| 2 Bedrooms | $250K | $250K | 0.0% |
| 3 Bedrooms | $293.4K | $310K | +5.6% |
| 4 Bedrooms | $355K | $375K | +5.6% |
| 5+ Bedrooms | $380K | $366.2K | -3.6% |
Summary: Ridley Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.8%, 2 bedroom homes did not change, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes decreased by 3.6%.
Median Sold Price Compared To Nearby Cities
| Prospect Park | $265K | $315K | +18.9% |
| Ridley Park | $293K | $310K | +5.8% |
| Ridley Township | $295K | $311.2K | +5.5% |
| Swarthmore | $407.5K | $360K | -11.7% |
Housing Supply in Ridley Township, PA
How many homes are available in Ridley Township, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 67 | 70 | +4.5% |
Summary: The Ridley Township real estate market had 70 homes for sale in October 2024, a 4.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 10 | 9 | -10.0% |
| 3 Bedrooms | 38 | 37 | -2.6% |
| 4 Bedrooms | 14 | 19 | +35.7% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Ridley Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 10%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes increased by 35.7%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 27 | +80.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ridley Township, expect to pay close to the asking price. 37% of homes here sold near the asking price last month.
Summary: A total of 27 homes were sold or pending in Ridley Township in October 2024, up by 80.0% month-over-month. Of the 27 sold homes, 26% were sold under asking, 37% were sold at asking, and 37% were sold over asking.
Days on Market for Ridley Township, PA
How long does it take to sell a home in Ridley Township, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 13 Days | 19 Days | +40.4% |
Summary: Homes in Ridley Township had an average of 19 days on market in Oct 2024, up by 40.4% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ridley Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 27 homes were sold in Ridley Township; 81% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
