Is Dresher, 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, Dresher was a Seller's Market.
Key Takeaway
Dresher is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Dresher, PA
How much do homes in Dresher, PA cost?
Median Sold Price
$565,000
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Dresher have sold for 6% less than they did a year ago.
Summary: The median home sold price in Dresher was $565,000 in May 2024, down 6% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $310.5K | $319K | +2.7% |
| 3 Bedrooms | $565K | $477.5K | -15.5% |
| 4 Bedrooms | $610K | $680K | +11.5% |
| 5+ Bedrooms | $863.5K | $828.2K | -4.1% |
Summary: Dresher 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 2.7%, 3 bedroom homes decreased by 15.5%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes decreased by 4.1%.
Median Sold Price Compared To Nearby Cities
| Horsham | $365K | $400K | +9.6% |
| Fort Washington | $600K | $650K | +8.3% |
| Upper Moreland Township | $380K | $400K | +5.3% |
| Upper Dublin Township | $550K | $570K | +3.6% |
| Dresher | $601K | $565K | -6.0% |
Housing Supply in Dresher, PA
How many homes are available in Dresher, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 17 | 24 | +41.2% |
Summary: The Dresher real estate market had 24 homes for sale in May 2024, a 41.2% 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 | 1 | 0.0% |
| 3 Bedrooms | 4 | 9 | +125.0% |
| 4 Bedrooms | 8 | 13 | +62.5% |
| 5+ Bedrooms | 4 | 1 | -75.0% |
Summary: The Dresher 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 remained the same, 3 bedroom homes increased by 125%, 4 bedroom homes increased by 62.5%, and 5+ bedroom homes decreased by 75%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
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 Dresher, 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 Dresher in May 2024, up by 33.3% 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 Dresher, PA
How long does it take to sell a home in Dresher, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 13 Days | 6 Days | -56.0% |
Summary: Homes in Dresher had an average of 6 days on market in May 2024, down by 56% 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 Dresher are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Dresher; 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.
