Is Marple Township, 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, Marple Township has remained a Seller's Market.
Housing Prices in Marple Township, PA
How much do homes in Marple Township, PA cost?
Median Sold Price
$540,000
$269/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Marple Township was $540,000 in May 2024, up 12.3% from last year, and the median price per square foot was $269.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $150K | - | N/A |
2 Bedrooms | $231K | $328K | +42.0% |
3 Bedrooms | $477K | $513.5K | +7.7% |
4 Bedrooms | $540K | $635K | +17.6% |
5+ Bedrooms | $786.5K | $851K | +8.2% |
Summary: Marple Township 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 42%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 8.2%.
Median Sold Price Compared To Nearby Cities
Marple Township | $480.7K | $540K | +12.3% |
Broomall | $475K | $525K | +10.5% |
Springfield | $435K | $455K | +4.6% |
Newtown Township | $649.1K | $648.6K | -0.1% |
Upper Providence Township | $682.5K | $620K | -9.2% |
Housing Supply in Marple Township, PA
How many homes are available in Marple Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
57 | 71 | +24.6% |
Summary: The Marple Township real estate market had 71 homes for sale in May 2024, a 24.6% 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 | 3 | 6 | +100.0% |
3 Bedrooms | 23 | 25 | +8.7% |
4 Bedrooms | 16 | 21 | +31.3% |
5+ Bedrooms | 15 | 19 | +26.7% |
Summary: The Marple Township 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 increased by 8.7%, 4 bedroom homes increased by 31.3%, and 5+ bedroom homes increased by 26.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 17 | +6.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Marple Township in May 2024, up by 6.3% month-over-month. Of the 17 sold homes, 18% were sold under asking, 12% were sold at asking, and 71% were sold over asking.
Days on Market for Marple Township, PA
How long does it take to sell a home in Marple Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
21 Days | 7 Days | -63.8% |
Summary: Homes in Marple Township had an average of 7 days on market in May 2024, down by 63.8% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 17 homes were sold in Marple Township; 88% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.