Is Ben Avon, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Ben Avon was a Seller's Market.
Key Takeaway
Ben Avon is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Ben Avon, PA
How much do homes in Ben Avon, PA cost?
Median Sold Price
$338,500
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Ben Avon have sold for 1.2% less than they did a year ago.
Summary: The median home sold price in Ben Avon was $338,500 in March 2024, down 1.2% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $330K | N/A |
| 3 Bedrooms | $210K | $298K | +41.9% |
| 4 Bedrooms | $379K | $348.7K | -8.0% |
| 5+ Bedrooms | $395K | $687.5K | +74.1% |
Summary: Ben Avon housing prices by bedroom type for March 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 41.9%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes increased by 74.1%.
Median Sold Price Compared To Nearby Cities
| Ben Avon | $342.5K | $338.5K | -1.2% |
| Emsworth | $225K | $220K | -2.2% |
| Avalon | $180K | $175.5K | -2.5% |
Housing Supply in Ben Avon, PA
How many homes are available in Ben Avon, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Summary: The Ben Avon real estate market had 8 homes for sale in March 2024, a 33.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 0 | 1 | +100.0% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Ben Avon housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 0 | 1 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Ben Avon, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Ben Avon in March 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Ben Avon, PA
How long does it take to sell a home in Ben Avon, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 6 Days | 4 Days | -33.3% |
Summary: Homes in Ben Avon had an average of 4 days on market in Mar 2024, down by 33.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ben Avon are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 1 homes were sold in Ben Avon; 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.
