Is Swarthmore, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Swarthmore is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Swarthmore was a Seller's Market.

Key Takeaway

Swarthmore is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Swarthmore, PA

How much do homes in Swarthmore, PA cost?

Median Sold Price

$358,750

$246/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$26,250(-6.8%)

Key Takeaway

Homes in Swarthmore have sold for 6.8% less than they did a year ago.

Summary: The median home sold price in Swarthmore was $358,750 in November 2024, down 6.8% from last year, and the median price per square foot was $246.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $147.5K$142.5K
-3.4%
2 $237.5K$238.5K
0.4%
3 $355K$357.5K
+0.7%
4 $713K$730K
+2.4%
5+ $879.3K$880K
0.1%

Summary: Swarthmore housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.4%, 2 bedroom homes increased by 0.4%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 0.1%.

Median Sold Price Compared To Nearby Cities

Wallingford
+10.8%
Nether Providence Township
+9.8%
Ridley Township
+5.1%
Springfield Township
+3.4%
Swarthmore
-6.8%

Housing Supply in Swarthmore, PA

How many homes are available in Swarthmore, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2414-41.7%

Summary: The Swarthmore real estate market had 14 homes for sale in November 2024, a 41.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 31
-66.7%
2 76
-14.3%
3 115
-54.5%
4 01
+100.0%
5+ 31
-66.7%

Summary: The Swarthmore housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 54.5%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 66.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
142-85.7%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer100%

Key Takeaway

If you're buying a home in Swarthmore, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 2 homes were sold or pending in Swarthmore in November 2024, down by 85.7% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Swarthmore, PA

How long does it take to sell a home in Swarthmore, PA?

Average Sale Time

Nov 2023Nov 2024CHANGE
16 Days3 Days-81.8%

Summary: Homes in Swarthmore had an average of 3 days on market in Nov 2024, down by 81.8% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times100%

Key Takeaway

Many homes in Swarthmore are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in Swarthmore; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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