Is Blue Bell, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Blue Bell was a Seller's Market.
Housing Prices in Blue Bell, PA
How much do homes in Blue Bell, PA cost?
Median Sold Price
$636,000
$244/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Blue Bell was $636,000 in April 2024, up 14.3% from last year, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $251.4K | $200K | -20.5% |
2 Bedrooms | $322.5K | $340K | +5.4% |
3 Bedrooms | $480K | $611K | +27.3% |
4 Bedrooms | $692.5K | $722.5K | +4.3% |
5+ Bedrooms | $985K | $855K | -13.2% |
Summary: Blue Bell housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.5%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 27.3%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes decreased by 13.2%.
Median Sold Price Compared To Nearby Cities
Blue Bell | $556.5K | $636K | +14.3% |
Plymouth Meeting | $468.7K | $516.1K | +10.1% |
Whitpain Township | $600K | $655K | +9.2% |
East Norriton Township | $353.5K | $353K | -0.1% |
Lower Gwynedd Township | $772.1K | $729K | -5.6% |
Housing Supply in Blue Bell, PA
How many homes are available in Blue Bell, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
42 | 53 | +26.2% |
Summary: The Blue Bell real estate market had 53 homes for sale in April 2024, a 26.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 5 | +150.0% |
2 Bedrooms | 5 | 7 | +40.0% |
3 Bedrooms | 9 | 15 | +66.7% |
4 Bedrooms | 16 | 17 | +6.3% |
5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The Blue Bell housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 7 | -41.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Blue Bell in April 2024, down by 41.7% month-over-month. Of the 7 sold homes, 29% were sold under asking, 0% were sold at asking, and 71% were sold over asking.
Days on Market for Blue Bell, PA
How long does it take to sell a home in Blue Bell, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
16 Days | 12 Days | -24.4% |
Summary: Homes in Blue Bell had an average of 12 days on market in Apr 2024, down by 24.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in Blue Bell; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.