$4,097 Closing Credit*
$345,000
1,268 SqFt
3 Beds
•1 Full Bath
Susan Sweeney, Listing Office: BHHS Fox & Roach-Jenkintown
Is Torresdale, 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, Torresdale has remained a Seller's Market.
Key Takeaway
Torresdale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Torresdale, PA
How much do homes in Torresdale, PA cost?
Median Sold Price
$267,000
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$3,000(-1.1%)
Key Takeaway
Homes in Torresdale have sold for 1.1% less than they did a year ago.
Summary: The median home sold price in Torresdale was $267,000 in October 2024, down 1.1% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | $214.5K | -4.7% |
| 2 Bedrooms | $237.5K | $245K | +3.2% |
| 3 Bedrooms | $300K | $338K | +12.7% |
| 4 Bedrooms | $440K | $385K | -12.5% |
| 5+ Bedrooms | - | $702.4K | N/A |
Summary: Torresdale housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.7%, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 12.7%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Andalusia | $395K | $445K | +12.7% |
| Academy Gardens | $300K | $319K | +6.3% |
| Morrell Park | $299K | $308K | +3.0% |
| Torresdale | $270K | $267K | -1.1% |
Housing Supply in Torresdale, PA
How many homes are available in Torresdale, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 45 | 38 | -15.6% |
Summary: The Torresdale real estate market had 38 homes for sale in October 2024, a 15.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 5 | -28.6% |
| 2 Bedrooms | 22 | 21 | -4.5% |
| 3 Bedrooms | 12 | 7 | -41.7% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Torresdale housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 28.6%, 2 bedroom homes decreased by 4.5%, 3 bedroom homes decreased by 41.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 11 | -15.4% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Torresdale, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Torresdale in October 2024, down by 15.4% month-over-month. Of the 11 sold homes, 55% were sold under asking, 27% were sold at asking, and 18% were sold over asking.
Days on Market for Torresdale, PA
How long does it take to sell a home in Torresdale, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 62 Days | +276.4% |
Summary: Homes in Torresdale had an average of 62 days on market in Oct 2024, up by 276.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Torresdale are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 11 homes were sold in Torresdale; 45% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
