Is Darby, 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, Darby has remained a Seller's Market.
Key Takeaway
Darby is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Darby, PA
How much do homes in Darby, PA cost?
Median Sold Price
$172,500
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Darby have sold for 11.3% more than they did a year ago.
Summary: The median home sold price in Darby was $172,500 in May 2024, up 11.3% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $136.2K | $105.5K | -22.6% |
| 3 Bedrooms | $152K | $172.5K | +13.5% |
| 4 Bedrooms | $215.5K | $228.5K | +6.0% |
| 5+ Bedrooms | $235K | $127.5K | -45.7% |
Summary: Darby 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 decreased by 22.6%, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 6%, and 5+ bedroom homes decreased by 45.7%.
Median Sold Price Compared To Nearby Cities
| Darby | $155K | $172.5K | +11.3% |
| Colwyn | $138.5K | $150K | +8.3% |
| Collingdale | $185.7K | $198.5K | +6.9% |
| Upper Darby Township | $220K | $235.3K | +6.9% |
| Yeadon | $210K | $217K | +3.3% |
Housing Supply in Darby, PA
How many homes are available in Darby, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 83 | 74 | -10.8% |
Summary: The Darby real estate market had 74 homes for sale in May 2024, a 10.8% decrease 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 | 7 | 6 | -14.3% |
| 3 Bedrooms | 66 | 58 | -12.1% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Darby 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 decreased by 14.3%, 3 bedroom homes decreased by 12.1%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 16 | 14 | -12.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Darby, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in Darby in May 2024, down by 12.5% month-over-month. Of the 14 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% were sold over asking.
Days on Market for Darby, PA
How long does it take to sell a home in Darby, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 24 Days | 16 Days | -30.0% |
Summary: Homes in Darby had an average of 16 days on market in May 2024, down by 30% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Darby are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 14 homes were sold in Darby; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
