Is Glenolden, 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, Glenolden has remained a Seller's Market.
Key Takeaway
Glenolden is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Glenolden, PA
How much do homes in Glenolden, PA cost?
Median Sold Price
$228,000
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Glenolden have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in Glenolden was $228,000 in May 2024, up 3.1% 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 | $66K | $103K | +56.1% |
| 2 Bedrooms | $111.5K | $138.5K | +24.2% |
| 3 Bedrooms | $222.7K | $230K | +3.3% |
| 4 Bedrooms | $275K | $259K | -5.8% |
| 5+ Bedrooms | $430K | $334.9K | -22.1% |
Summary: Glenolden housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 56.1%, 2 bedroom homes increased by 24.2%, 3 bedroom homes increased by 3.3%, 4 bedroom homes decreased by 5.8%, and 5+ bedroom homes decreased by 22.1%.
Median Sold Price Compared To Nearby Cities
| Collingdale | $185.7K | $198.5K | +6.9% |
| Norwood | $251.5K | $265K | +5.4% |
| Glenolden | $221.2K | $228K | +3.1% |
| Darby Township | $189K | $188.2K | -0.5% |
| Folcroft | $211.9K | $200K | -5.6% |
Housing Supply in Glenolden, PA
How many homes are available in Glenolden, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 44 | 37 | -15.9% |
Summary: The Glenolden real estate market had 37 homes for sale in May 2024, a 15.9% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 35 | 26 | -25.7% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Glenolden housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 25.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 11 | +10.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Glenolden, you may be able to get a good deal. 36.4% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Glenolden in May 2024, up by 10.0% month-over-month. Of the 11 sold homes, 36% were sold under asking, 27% were sold at asking, and 36% were sold over asking.
Days on Market for Glenolden, PA
How long does it take to sell a home in Glenolden, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 21 Days | 46 Days | +112.4% |
Summary: Homes in Glenolden had an average of 46 days on market in May 2024, up by 112.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Glenolden are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 11 homes were sold in Glenolden; 73% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
