Is Drexel Hill, 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, Drexel Hill was a Seller's Market.
Housing Prices in Drexel Hill, PA
How much do homes in Drexel Hill, PA cost?
Median Sold Price
$301,000
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Drexel Hill was $301,000 in May 2024, up 12.5% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $207.5K | $185K | -10.8% |
3 Bedrooms | $235K | $250K | +6.4% |
4 Bedrooms | $328K | $397.5K | +21.2% |
5+ Bedrooms | $400K | $430K | +7.5% |
Summary: Drexel Hill 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 10.8%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 21.2%, and 5+ bedroom homes increased by 7.5%.
Median Sold Price Compared To Nearby Cities
Drexel Hill | $267.5K | $301K | +12.5% |
Clifton Heights | $206.5K | $225K | +9.0% |
Upper Darby Township | $220K | $235.3K | +6.9% |
Upper Darby | $175K | $180K | +2.9% |
Lansdowne | $235K | $232.5K | -1.0% |
Housing Supply in Drexel Hill, PA
How many homes are available in Drexel Hill, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
75 | 88 | +17.3% |
Summary: The Drexel Hill real estate market had 88 homes for sale in May 2024, a 17.3% 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 | 2 | 1 | -50.0% |
3 Bedrooms | 39 | 42 | +7.7% |
4 Bedrooms | 19 | 27 | +42.1% |
5+ Bedrooms | 15 | 18 | +20.0% |
Summary: The Drexel Hill 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 50%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 42.1%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
25 | 12 | -52.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Drexel Hill in May 2024, down by 52.0% month-over-month. Of the 12 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Drexel Hill, PA
How long does it take to sell a home in Drexel Hill, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
11 Days | 18 Days | +70.4% |
Summary: Homes in Drexel Hill had an average of 18 days on market in May 2024, up by 70.4% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 12 homes were sold in Drexel Hill; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.