Is Dresher, 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, Dresher was a Neutral Market.
Key Takeaway
Dresher is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Dresher, PA
How much do homes in Dresher, PA cost?
Median Sold Price
$575,000
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Dresher have sold for 4% less than they did a year ago.
Summary: The median home sold price in Dresher was $575,000 in March 2024, down 4% 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 | - | - | N/A |
| 2 Bedrooms | $303.7K | $316K | +4.0% |
| 3 Bedrooms | $530K | $502.5K | -5.2% |
| 4 Bedrooms | $650K | $600K | -7.7% |
| 5+ Bedrooms | $646.5K | $857.5K | +32.6% |
Summary: Dresher 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 4%, 3 bedroom homes decreased by 5.2%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 32.6%.
Median Sold Price Compared To Nearby Cities
| Horsham | $355K | $401.6K | +13.1% |
| Upper Dublin Township | $546.4K | $560.7K | +2.6% |
| Upper Moreland Township | $395K | $394K | -0.3% |
| Dresher | $599K | $575K | -4.0% |
Housing Supply in Dresher, PA
How many homes are available in Dresher, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 20 | +25.0% |
Summary: The Dresher real estate market had 20 homes for sale in March 2024, a 25.0% 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Dresher 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 remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 0 | 4 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Dresher, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Dresher in March 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Dresher, PA
How long does it take to sell a home in Dresher, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 6 Days | 59 Days | +819.2% |
Summary: Homes in Dresher had an average of 59 days on market in Mar 2024, up by 819.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Dresher are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 4 homes were sold in Dresher; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
