Is Blue Bell, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Blue Bell has remained a Buyer's Market.
Housing Prices in Blue Bell, PA
How much do homes in Blue Bell, PA cost?
Median Sold Price
$625,500
$244/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Blue Bell was $625,500 in February 2024, up 9.7% from last year, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $249.9K | $232.5K | -7.0% |
2 Bedrooms | $323.7K | $345K | +6.6% |
3 Bedrooms | $495.5K | $603.5K | +21.8% |
4 Bedrooms | $677.5K | $698.1K | +3.0% |
5+ Bedrooms | $1.0M | $852.5K | -15.6% |
Summary: Blue Bell housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7%, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 21.8%, 4 bedroom homes increased by 3%, and 5+ bedroom homes decreased by 15.6%.
Median Sold Price Compared To Nearby Cities
Blue Bell | $569.9K | $625.5K | +9.7% |
Plymouth Meeting | $465K | $510K | +9.7% |
Whitpain Township | $599K | $644.9K | +7.7% |
East Norriton Township | $350.5K | $351K | 0.1% |
Lower Gwynedd Township | $783.3K | $745K | -4.9% |
Housing Supply in Blue Bell, PA
How many homes are available in Blue Bell, PA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
64 | 64 | 0.0% |
Summary: The Blue Bell real estate market had 64 homes for sale in February 2024, the same as January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 9 | 9 | 0.0% |
3 Bedrooms | 19 | 17 | -10.5% |
4 Bedrooms | 17 | 20 | +17.6% |
5+ Bedrooms | 18 | 17 | -5.6% |
Summary: The Blue Bell housing inventory by bedroom type for February 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 10.5%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes decreased by 5.6%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
13 | 4 | -69.2% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Blue Bell in February 2024, down by 69.2% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
44 Days | 61 Days | +38.2% |
Summary: Homes in Blue Bell had an average of 61 days on market in Feb 2024, up by 38.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 4 homes were sold in Blue Bell; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.