Is Ridley 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, Ridley Township has remained a Seller's Market.
Key Takeaway
Ridley Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ridley Township, PA
How much do homes in Ridley Township, PA cost?
Median Sold Price
$305,000
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Ridley Township have sold for 7% more than they did a year ago.
Summary: The median home sold price in Ridley Township was $305,000 in May 2024, up 7% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $98.5K | $129.9K | +31.9% |
| 2 Bedrooms | $244K | $245K | 0.4% |
| 3 Bedrooms | $285K | $296K | +3.9% |
| 4 Bedrooms | $340K | $374K | +10.0% |
| 5+ Bedrooms | $380K | $419.9K | +10.5% |
Summary: Ridley Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.9%, 2 bedroom homes increased by 0.4%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 10.5%.
Median Sold Price Compared To Nearby Cities
| Rutledge | $399.9K | $460K | +15.0% |
| Prospect Park | $260K | $283.2K | +8.9% |
| Ridley Township | $285K | $305K | +7.0% |
| Ridley Park | $286.7K | $295K | +2.9% |
| Swarthmore | $497.5K | $382.5K | -23.1% |
Housing Supply in Ridley Township, PA
How many homes are available in Ridley Township, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 61 | 61 | 0.0% |
Summary: The Ridley Township real estate market had 61 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 32 | 37 | +15.6% |
| 4 Bedrooms | 19 | 16 | -15.8% |
| 5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The Ridley Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 15.6%, 4 bedroom homes decreased by 15.8%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 16 | 15 | -6.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
5 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ridley Township, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in Ridley Township in May 2024, down by 6.3% month-over-month. Of the 15 sold homes, 7% were sold under asking, 33% were sold at asking, and 60% were sold over asking.
Days on Market for Ridley Township, PA
How long does it take to sell a home in Ridley Township, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 10 Days | 6 Days | -40.5% |
Summary: Homes in Ridley Township had an average of 6 days on market in May 2024, down by 40.5% compared to last year.
Breakdown of Home Sale Times
15 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 Ridley Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 15 homes were sold in Ridley Township; 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.
