$1,899 Closing Credit*
$159,900
1,662 SqFt
Sam Shepherd, Listing Office: Keller Williams Main Line
Is Wynnefield, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Wynnefield was a Seller's Market.
Key Takeaway
Wynnefield is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Wynnefield, PA
How much do homes in Wynnefield, PA cost?
Median Sold Price
$255,000
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$9,000(+3.7%)
Key Takeaway
Homes in Wynnefield have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in Wynnefield was $255,000 in October 2024, up 3.7% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $270K | - | N/A |
| 2 Bedrooms | $320K | $175K | -45.3% |
| 3 Bedrooms | $221K | $205K | -7.2% |
| 4 Bedrooms | $262.5K | $285K | +8.6% |
| 5+ Bedrooms | $355K | $420K | +18.3% |
Summary: Wynnefield housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 45.3%, 3 bedroom homes decreased by 7.2%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 18.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Wynnefield | $246K | $255K | +3.7% |
| West Philadelphia | $179.9K | $183.6K | +2.1% |
| Merion Station | $875K | $887.5K | +1.4% |
| Parkside | $143K | $145K | +1.4% |
Housing Supply in Wynnefield, PA
How many homes are available in Wynnefield, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 41 | 39 | -4.9% |
Summary: The Wynnefield real estate market had 39 homes for sale in October 2024, a 4.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 25 | 21 | -16.0% |
| 4 Bedrooms | 12 | 12 | 0.0% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Wynnefield housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 16%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 4 | -55.6% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Wynnefield, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Wynnefield in October 2024, down by 55.6% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Wynnefield, PA
How long does it take to sell a home in Wynnefield, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 65 Days | +139.1% |
Summary: Homes in Wynnefield had an average of 65 days on market in Oct 2024, up by 139.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Wynnefield has remained consistent over time.
Summary: During October 2024, 4 homes were sold in Wynnefield; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
