Is Carroll Park, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Carroll Park has remained a Buyer's Market.
Key Takeaway
Carroll Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Carroll Park, PA
How much do homes in Carroll Park, PA cost?
Median Sold Price
$110,000
$83/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Carroll Park have sold for 21.4% less than they did a year ago.
Summary: The median home sold price in Carroll Park was $110,000 in March 2024, down 21.4% from last year, and the median price per square foot was $83.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $59.9K | $105K | +75.3% |
| 3 Bedrooms | $136K | $94.8K | -30.2% |
| 4 Bedrooms | $150K | $159.5K | +6.3% |
| 5+ Bedrooms | $255K | $249K | -2.4% |
Summary: Carroll Park 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 increased by 75.3%, 3 bedroom homes decreased by 30.2%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 2.4%.
Median Sold Price Compared To Nearby Neighborhoods
| West Philadelphia | $190K | $175.2K | -7.8% |
| Haddington | $130K | $117K | -10.0% |
| Carroll Park | $140K | $110K | -21.4% |
Housing Supply in Carroll Park, PA
How many homes are available in Carroll Park, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 142 | 144 | +1.4% |
Summary: The Carroll Park real estate market had 144 homes for sale in March 2024, a 1.4% 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 | 11 | 8 | -27.3% |
| 3 Bedrooms | 94 | 97 | +3.2% |
| 4 Bedrooms | 34 | 36 | +5.9% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Carroll Park 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 decreased by 27.3%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 9 | +50.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Carroll Park, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Carroll Park in March 2024, up by 50.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 11% were sold at asking, and 22% were sold over asking.
Days on Market for Carroll Park, PA
How long does it take to sell a home in Carroll Park, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 35 Days | 77 Days | +122.5% |
Summary: Homes in Carroll Park had an average of 77 days on market in Mar 2024, up by 122.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Carroll Park are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 9 homes were sold in Carroll Park; 56% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
