Is Bridgeport, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Bridgeport has remained a Seller's Market.
Key Takeaway
Bridgeport is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bridgeport, PA
How much do homes in Bridgeport, PA cost?
Median Sold Price
$311,000
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Bridgeport have sold for 12% less than they did a year ago.
Summary: The median home sold price in Bridgeport was $311,000 in May 2024, down 12% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $154K | $210K | +36.4% |
| 3 Bedrooms | $364K | $340K | -6.6% |
| 4 Bedrooms | $360K | $311K | -13.6% |
| 5+ Bedrooms | $290K | $281K | -3.1% |
Summary: Bridgeport housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 36.4%, 3 bedroom homes decreased by 6.6%, 4 bedroom homes decreased by 13.6%, and 5+ bedroom homes decreased by 3.1%.
Median Sold Price Compared To Nearby Cities
| Norristown | $268.7K | $330K | +22.8% |
| Upper Merion Township | $440K | $521.6K | +18.6% |
| King Of Prussia | $417.5K | $488.7K | +17.1% |
| Bridgeport | $353.5K | $311K | -12.0% |
Housing Supply in Bridgeport, PA
How many homes are available in Bridgeport, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 23 | +4.5% |
Summary: The Bridgeport real estate market had 23 homes for sale in May 2024, a 4.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 15 | 14 | -6.7% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Bridgeport housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 4 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bridgeport, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Bridgeport in May 2024, down by 50.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Bridgeport, PA
How long does it take to sell a home in Bridgeport, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 65 Days | 4 Days | -93.1% |
Summary: Homes in Bridgeport had an average of 4 days on market in May 2024, down by 93.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bridgeport are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Bridgeport; 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.
