Is Blue Bell, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Blue Bell is a buyer's market

Buyer's
Market

Difference Since February 2023

Since last year, Blue Bell has remained a Buyer's Market.

Key Takeaway

Blue Bell is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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

+$55,550(+9.7%)

Key Takeaway

Homes in Blue Bell have sold for 9.7% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $249.9K$232.5K
-7.0%
2 $323.7K$345K
+6.6%
3 $495.5K$603.5K
+21.8%
4 $677.5K$698.1K
+3.0%
5+ $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
+9.7%
Plymouth Meeting
+9.7%
Whitpain Township
+7.7%
East Norriton Township
0.1%
Lower Gwynedd Township
-4.9%

Housing Supply in Blue Bell, PA

How many homes are available in Blue Bell, PA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
64640.0%

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

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 99
0.0%
3 1917
-10.5%
4 1720
+17.6%
5+ 1817
-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 2024Feb 2024CHANGE
134-69.2%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Blue Bell, you may be able to get a good deal. 50% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
44 Days61 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Blue Bell are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

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