Is Ridley Park, 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 Park has remained a Seller's Market.
Housing Prices in Ridley Park, PA
How much do homes in Ridley Park, PA cost?
Median Sold Price
$295,000
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Ridley Park was $295,000 in May 2024, up 2.9% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $128.9K | $130K | +0.8% |
2 Bedrooms | $236K | $220K | -6.8% |
3 Bedrooms | $280.5K | $290K | +3.4% |
4 Bedrooms | $305K | $375K | +23.0% |
5+ Bedrooms | $375K | $385.5K | +2.8% |
Summary: Ridley Park housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.8%, 2 bedroom homes decreased by 6.8%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 23%, and 5+ bedroom homes increased by 2.8%.
Median Sold Price Compared To Nearby Cities
Prospect Park | $260K | $283.2K | +8.9% |
Ridley Township | $285K | $305K | +7.0% |
Ridley Park | $286.7K | $295K | +2.9% |
Housing Supply in Ridley Park, PA
How many homes are available in Ridley Park, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
24 | 26 | +8.3% |
Summary: The Ridley Park real estate market had 26 homes for sale in May 2024, a 8.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 0 | 2 | +100.0% |
3 Bedrooms | 14 | 14 | 0.0% |
4 Bedrooms | 8 | 8 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Ridley Park 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 7 | +75.0% |
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 Ridley Park in May 2024, up by 75.0% 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 Ridley Park, PA
How long does it take to sell a home in Ridley Park, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
5 Days | 11 Days | +104.4% |
Summary: Homes in Ridley Park had an average of 11 days on market in May 2024, up by 104.4% 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 May 2024, 7 homes were sold in Ridley Park; 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.