Is Academy Gardens, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Academy Gardens has remained a Seller's Market.
Key Takeaway
Academy Gardens is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Academy Gardens, PA
How much do homes in Academy Gardens, PA cost?
Median Sold Price
$310,000
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Academy Gardens have sold for 2.5% more than they did a year ago.
Summary: The median home sold price in Academy Gardens was $310,000 in April 2024, up 2.5% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $253K | - | N/A |
| 3 Bedrooms | $295K | $295.7K | 0.3% |
| 4 Bedrooms | $369.9K | $377.5K | +2.1% |
| 5+ Bedrooms | $330K | $487K | +47.6% |
Summary: Academy Gardens 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 did not change, 3 bedroom homes increased by 0.3%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 47.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Pennypack | $285K | $309K | +8.4% |
| Far Northeast Philadelphia | $309.9K | $320.8K | +3.5% |
| Academy Gardens | $302.5K | $310K | +2.5% |
| Morrell Park | $294.5K | $299.9K | +1.9% |
| Torresdale | $265K | $262.4K | -1.0% |
Housing Supply in Academy Gardens, PA
How many homes are available in Academy Gardens, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 23 | 20 | -13.0% |
Summary: The Academy Gardens real estate market had 20 homes for sale in April 2024, a 13.0% decrease 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 9 | 7 | -22.2% |
| 4 Bedrooms | 13 | 13 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Academy Gardens 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 remained the same, 3 bedroom homes decreased by 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 5 | -44.4% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Academy Gardens, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Academy Gardens in April 2024, down by 44.4% month-over-month. Of the 5 sold homes, 0% were sold under asking, 40% were sold at asking, and 60% were sold over asking.
Days on Market for Academy Gardens, PA
How long does it take to sell a home in Academy Gardens, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 46 Days | 19 Days | -58.7% |
Summary: Homes in Academy Gardens had an average of 19 days on market in Apr 2024, down by 58.7% 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
Key Takeaway
Many homes in Academy Gardens are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Academy Gardens; 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.
