Is Media, 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, Media has remained a Seller's Market.
Key Takeaway
Media is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Media, PA
How much do homes in Media, PA cost?
Median Sold Price
$575,000
$258/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Media have sold for 0.6% more than they did a year ago.
Summary: The median home sold price in Media was $575,000 in May 2024, up 0.6% from last year, and the median price per square foot was $258.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $178.7K | $218K | +22.0% |
| 2 Bedrooms | $359K | $327.5K | -8.8% |
| 3 Bedrooms | $511K | $500K | -2.2% |
| 4 Bedrooms | $665K | $670K | +0.8% |
| 5+ Bedrooms | $1.0M | $920K | -14.8% |
Summary: Media housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22%, 2 bedroom homes decreased by 8.8%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes decreased by 14.8%.
Median Sold Price Compared To Nearby Cities
| Nether Providence Township | $382.5K | $450K | +17.6% |
| Media | $571.7K | $575K | +0.6% |
| Upper Providence Township | $682.5K | $620K | -9.2% |
Housing Supply in Media, PA
How many homes are available in Media, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 107 | 125 | +16.8% |
Summary: The Media real estate market had 125 homes for sale in May 2024, a 16.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 5 | 8 | +60.0% |
| 3 Bedrooms | 44 | 49 | +11.4% |
| 4 Bedrooms | 34 | 44 | +29.4% |
| 5+ Bedrooms | 21 | 21 | 0.0% |
Summary: The Media 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 60%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 29.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 26 | 28 | +7.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Media, you could pay more than the asking price. 60.7% of homes here sold above asking price last month.
Summary: A total of 28 homes were sold or pending in Media in May 2024, up by 7.7% month-over-month. Of the 28 sold homes, 25% were sold under asking, 14% were sold at asking, and 61% were sold over asking.
Days on Market for Media, PA
How long does it take to sell a home in Media, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 7 Days | 11 Days | +46.9% |
Summary: Homes in Media had an average of 11 days on market in May 2024, up by 46.9% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Media are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 28 homes were sold in Media; 93% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
