Is Darby Township, 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, Darby Township was a Seller's Market.
Key Takeaway
Darby Township 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 Darby Township, PA
How much do homes in Darby Township, PA cost?
Median Sold Price
$190,000
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Darby Township have sold for 0.5% more than they did a year ago.
Summary: The median home sold price in Darby Township was $190,000 in March 2024, up 0.5% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $103K | N/A |
| 2 Bedrooms | $94.5K | $112.5K | +19.0% |
| 3 Bedrooms | $189.8K | $190K | 0.1% |
| 4 Bedrooms | $219.9K | $225K | +2.3% |
| 5+ Bedrooms | $235K | $127.5K | -45.7% |
Summary: Darby Township 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 19%, 3 bedroom homes increased by 0.1%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes decreased by 45.7%.
Median Sold Price Compared To Nearby Cities
| Sharon Hill | $181.9K | $198.5K | +9.1% |
| Collingdale | $185K | $198.5K | +7.3% |
| Darby Township | $189K | $190K | 0.5% |
| Glenolden | $225K | $225K | 0.0% |
| Folcroft | $207.2K | $200K | -3.5% |
Housing Supply in Darby Township, PA
How many homes are available in Darby Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 200 | 210 | +5.0% |
Summary: The Darby Township real estate market had 210 homes for sale in March 2024, a 5.0% 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 | 22 | 21 | -4.5% |
| 3 Bedrooms | 152 | 164 | +7.9% |
| 4 Bedrooms | 17 | 18 | +5.9% |
| 5+ Bedrooms | 9 | 7 | -22.2% |
Summary: The Darby Township 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 4.5%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes decreased by 22.2%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 23 | 33 | +43.5% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Darby Township, you could pay more than the asking price. 39.4% of homes here sold above asking price last month.
Summary: A total of 33 homes were sold or pending in Darby Township in March 2024, up by 43.5% month-over-month. Of the 33 sold homes, 30% were sold under asking, 30% were sold at asking, and 39% were sold over asking.
Days on Market for Darby Township, PA
How long does it take to sell a home in Darby Township, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 27 Days | 30 Days | +13.0% |
Summary: Homes in Darby Township had an average of 30 days on market in Mar 2024, up by 13% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Darby Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 33 homes were sold in Darby Township; 82% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
