Is Bustleton, 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, Bustleton was a Seller's Market.
Key Takeaway
Bustleton is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Bustleton, PA
How much do homes in Bustleton, PA cost?
Median Sold Price
$360,000
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Bustleton have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in Bustleton was $360,000 in March 2024, up 1.3% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $167K | -1.8% |
| 2 Bedrooms | $269.9K | $273K | +1.1% |
| 3 Bedrooms | $358.2K | $359.9K | 0.5% |
| 4 Bedrooms | $450K | $485K | +7.8% |
| 5+ Bedrooms | $525K | $585K | +11.4% |
Summary: Bustleton housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.8%, 2 bedroom homes increased by 1.1%, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 11.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Pennypack | $285K | $305K | +7.0% |
| Fox Chase | $319.9K | $325K | +1.6% |
| Bustleton | $355.5K | $360K | +1.3% |
| Rhawnhurst | $299.9K | $300K | 0.0% |
| Krewstown | $340K | $317.5K | -6.6% |
Housing Supply in Bustleton, PA
How many homes are available in Bustleton, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 72 | 88 | +22.2% |
Summary: The Bustleton real estate market had 88 homes for sale in March 2024, a 22.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 10 | +25.0% |
| 3 Bedrooms | 36 | 43 | +19.4% |
| 4 Bedrooms | 18 | 24 | +33.3% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Bustleton 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 increased by 25%, 3 bedroom homes increased by 19.4%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 13 | +225.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bustleton, you could pay more than the asking price. 46.2% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Bustleton in March 2024, up by 225.0% month-over-month. Of the 13 sold homes, 38% were sold under asking, 15% were sold at asking, and 46% were sold over asking.
Days on Market for Bustleton, PA
How long does it take to sell a home in Bustleton, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 15 Days | 16 Days | +8.8% |
Summary: Homes in Bustleton had an average of 16 days on market in Mar 2024, up by 8.8% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Bustleton are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 13 homes were sold in Bustleton; 85% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
