Is Bridesburg, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Bridesburg was a Neutral Market.
Key Takeaway
Bridesburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bridesburg, PA
How much do homes in Bridesburg, PA cost?
Median Sold Price
$228,000
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Bridesburg have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in Bridesburg was $228,000 in April 2024, up 6.1% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $189.1K | $198.5K | +5.0% |
| 3 Bedrooms | $217.4K | $255K | +17.3% |
| 4 Bedrooms | $277.5K | $280K | +0.9% |
| 5+ Bedrooms | $340K | $299.9K | -11.8% |
Summary: Bridesburg 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 increased by 5%, 3 bedroom homes increased by 17.3%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes decreased by 11.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Frankford | $130K | $146K | +12.3% |
| Bridesburg | $214.9K | $228K | +6.1% |
| Near Northeast Philadelphia | $220K | $219.9K | 0% |
| Bridesburg / Kensington / Richmond | $235.9K | $226.9K | -3.8% |
Housing Supply in Bridesburg, PA
How many homes are available in Bridesburg, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 38 | 36 | -5.3% |
Summary: The Bridesburg real estate market had 36 homes for sale in April 2024, a 5.3% 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 | 8 | 11 | +37.5% |
| 3 Bedrooms | 27 | 23 | -14.8% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Bridesburg 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 increased by 37.5%, 3 bedroom homes decreased by 14.8%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 10 | -16.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bridesburg, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Bridesburg in April 2024, down by 16.7% month-over-month. Of the 10 sold homes, 50% were sold under asking, 30% were sold at asking, and 20% were sold over asking.
Days on Market for Bridesburg, PA
How long does it take to sell a home in Bridesburg, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 39 Days | 47 Days | +19.5% |
Summary: Homes in Bridesburg had an average of 47 days on market in Apr 2024, up by 19.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bridesburg are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 10 homes were sold in Bridesburg; 50% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
