Is Glen Mills, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Glen Mills was a Seller's Market.
Housing Prices in Glen Mills, PA
How much do homes in Glen Mills, PA cost?
Median Sold Price
$621,250
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Glen Mills was $621,250 in May 2024, up 3.5% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $145K | $158K | +9.0% |
2 Bedrooms | $321.4K | $360K | +12.0% |
3 Bedrooms | $530K | $552.5K | +4.2% |
4 Bedrooms | $677K | $803.5K | +18.7% |
5+ Bedrooms | $726.5K | $975K | +34.2% |
Summary: Glen Mills housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9%, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 18.7%, and 5+ bedroom homes increased by 34.2%.
Median Sold Price Compared To Nearby Cities
Thornbury Township | $675K | $759.2K | +12.5% |
Chester Heights | $330.5K | $360K | +8.9% |
Glen Mills | $600.5K | $621.2K | +3.5% |
Thornton | $784K | $747.5K | -4.7% |
Housing Supply in Glen Mills, PA
How many homes are available in Glen Mills, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
55 | 59 | +7.3% |
Summary: The Glen Mills real estate market had 59 homes for sale in May 2024, a 7.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 6 | 4 | -33.3% |
3 Bedrooms | 16 | 20 | +25.0% |
4 Bedrooms | 21 | 22 | +4.8% |
5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The Glen Mills housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 8 | -42.9% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Glen Mills in May 2024, down by 42.9% month-over-month. Of the 8 sold homes, 13% were sold under asking, 13% were sold at asking, and 75% were sold over asking.
Days on Market for Glen Mills, PA
How long does it take to sell a home in Glen Mills, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
16 Days | 13 Days | -20.7% |
Summary: Homes in Glen Mills had an average of 13 days on market in May 2024, down by 20.7% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Glen Mills; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.