$78,000
0.16 Acres
Land
Teresa M Tomlinson, Listing Office: RE/MAX Centre Realtors
Is Ridley Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$310,000
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,000(+5.1%)
Key Takeaway
Homes in Ridley Township have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in Ridley Township was $310,000 in November 2024, up 5.1% from last year, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120K | $130K | +8.3% |
| 2 Bedrooms | $250K | $250K | 0.0% |
| 3 Bedrooms | $295K | $310K | +5.1% |
| 4 Bedrooms | $362.2K | $375K | +3.5% |
| 5+ Bedrooms | $348K | $366.2K | +5.2% |
Summary: Ridley Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.3%, 2 bedroom homes did not change, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 5.2%.
Median Sold Price Compared To Nearby Cities
| Prospect Park | $278.7K | $314K | +12.6% |
| Ridley Park | $294K | $310K | +5.4% |
| Ridley Township | $295K | $310K | +5.1% |
| Swarthmore | $385K | $358.7K | -6.8% |
Housing Supply in Ridley Township, PA
How many homes are available in Ridley Township, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 68 | 62 | -8.8% |
Summary: The Ridley Township real estate market had 62 homes for sale in November 2024, a 8.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 9 | 6 | -33.3% |
| 3 Bedrooms | 35 | 37 | +5.7% |
| 4 Bedrooms | 18 | 13 | -27.8% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Ridley Township 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 decreased by 33.3%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 27.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 12 | -58.6% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Ridley Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 12 homes were sold or pending in Ridley Township in November 2024, down by 58.6% month-over-month. Of the 12 sold homes, 42% were sold under asking, 50% were sold at asking, and 8% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 15 Days | 10 Days | -27.8% |
Summary: Homes in Ridley Township had an average of 10 days on market in Nov 2024, down by 27.8% compared to last year.
Breakdown of Home Sale Times
12 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 Ridley Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 12 homes were sold in Ridley Township; 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.
