Is Edgmont Township, 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, Edgmont Township was a Neutral Market.
Housing Prices in Edgmont Township, PA
How much do homes in Edgmont Township, PA cost?
Median Sold Price
$926,965
$286/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Edgmont Township was $926,965 in April 2024, up 14.2% from last year, and the median price per square foot was $286.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $302.7K | $336K | +11.0% |
3 Bedrooms | $787.4K | $942.9K | +19.7% |
4 Bedrooms | $765K | $840.5K | +9.9% |
5+ Bedrooms | $1.0M | $1.3M | +22.2% |
Summary: Edgmont Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11%, 3 bedroom homes increased by 19.7%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes increased by 22.2%.
Median Sold Price Compared To Nearby Cities
Willistown Township | $532.5K | $625.5K | +17.5% |
Edgmont Township | $811.4K | $926.9K | +14.2% |
Newtown Square | $675K | $718.6K | +6.5% |
Newtown Township | $650K | $656.5K | +1.0% |
Upper Providence Township | $712K | $625K | -12.2% |
Housing Supply in Edgmont Township, PA
How many homes are available in Edgmont Township, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
27 | 28 | +3.7% |
Summary: The Edgmont Township real estate market had 28 homes for sale in April 2024, a 3.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 2 | -50.0% |
3 Bedrooms | 7 | 8 | +14.3% |
4 Bedrooms | 11 | 11 | 0.0% |
5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Edgmont Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 5 | -16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Edgmont Township in April 2024, down by 16.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Edgmont Township, PA
How long does it take to sell a home in Edgmont Township, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
22 Days | 17 Days | -20.7% |
Summary: Homes in Edgmont Township had an average of 17 days on market in Apr 2024, down by 20.7% compared to last year.
Breakdown of Home Sale Times
4 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, 5 homes were sold in Edgmont Township; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.