Is Cobbs Creek, 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, Cobbs Creek was a Seller's Market.
Key Takeaway
Cobbs Creek 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 Cobbs Creek, PA
How much do homes in Cobbs Creek, PA cost?
Median Sold Price
$155,000
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Cobbs Creek have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in Cobbs Creek was $155,000 in April 2024, up 3.3% from last year, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $142.5K | $86.5K | -39.3% |
| 3 Bedrooms | $145K | $140K | -3.4% |
| 4 Bedrooms | $180.5K | $190K | +5.3% |
| 5+ Bedrooms | $400K | $218.4K | -45.4% |
Summary: Cobbs Creek 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 decreased by 39.3%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes decreased by 45.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Cobbs Creek | $150K | $155K | +3.3% |
| West Philadelphia | $188K | $175.1K | -6.9% |
| Haddington | $128.9K | $119.4K | -7.4% |
| Kingsessing | $145K | $130.2K | -10.2% |
Housing Supply in Cobbs Creek, PA
How many homes are available in Cobbs Creek, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 164 | 178 | +8.5% |
Summary: The Cobbs Creek real estate market had 178 homes for sale in April 2024, a 8.5% increase 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 | 4 | 4 | 0.0% |
| 3 Bedrooms | 111 | 119 | +7.2% |
| 4 Bedrooms | 46 | 50 | +8.7% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Cobbs Creek 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 remained the same, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 24 | 27 | +12.5% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cobbs Creek, you may be able to get a good deal. 59.3% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in Cobbs Creek in April 2024, up by 12.5% month-over-month. Of the 27 sold homes, 59% were sold under asking, 22% were sold at asking, and 19% were sold over asking.
Days on Market for Cobbs Creek, PA
How long does it take to sell a home in Cobbs Creek, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 59 Days | 63 Days | +7.3% |
Summary: Homes in Cobbs Creek had an average of 63 days on market in Apr 2024, up by 7.3% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cobbs Creek are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 27 homes were sold in Cobbs Creek; 56% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
