$2,553 Closing Credit*
$215,000
806 SqFt
1 Bed
•1 Full Bath
Stuart C Cohen, Listing Office: KW Empower
Is Torresdale, 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, 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
$270,000
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,100(+1.9%)
Key Takeaway
Homes in Torresdale have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in Torresdale was $270,000 in November 2024, up 1.9% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | $210K | -6.7% |
| 2 Bedrooms | $235K | $245K | +4.3% |
| 3 Bedrooms | $300K | $338K | +12.7% |
| 4 Bedrooms | $427.5K | $480K | +12.3% |
| 5+ Bedrooms | - | $574.9K | N/A |
Summary: Torresdale housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.7%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 12.7%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Academy Gardens | $300K | $322.5K | +7.5% |
| Morrell Park | $297.5K | $310K | +4.2% |
| Torresdale | $264.9K | $270K | +1.9% |
Housing Supply in Torresdale, PA
How many homes are available in Torresdale, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 40 | 38 | -5.0% |
Summary: The Torresdale real estate market had 38 homes for sale in November 2024, a 5.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 2 | -60.0% |
| 2 Bedrooms | 22 | 20 | -9.1% |
| 3 Bedrooms | 8 | 13 | +62.5% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Torresdale housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 60%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 62.5%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 12 | +9.1% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Torresdale, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Torresdale in November 2024, up by 9.1% month-over-month. Of the 12 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 28 Days | +6.0% |
Summary: Homes in Torresdale had an average of 28 days on market in Nov 2024, up by 6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 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 November 2024, 12 homes were sold in Torresdale; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
