Is Drexel Hill, 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, Drexel Hill has remained a Seller's Market.
Key Takeaway
Drexel Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Drexel Hill, PA
How much do homes in Drexel Hill, PA cost?
Median Sold Price
$299,000
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Drexel Hill have sold for 17.3% more than they did a year ago.
Summary: The median home sold price in Drexel Hill was $299,000 in March 2024, up 17.3% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $192.5K | $185K | -3.9% |
| 3 Bedrooms | $230K | $250K | +8.7% |
| 4 Bedrooms | $325K | $403.5K | +24.2% |
| 5+ Bedrooms | $394K | $431.5K | +9.5% |
Summary: Drexel Hill 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 decreased by 3.9%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 24.2%, and 5+ bedroom homes increased by 9.5%.
Median Sold Price Compared To Nearby Cities
| Drexel Hill | $255K | $299K | +17.3% |
| Upper Darby Township | $220K | $234.9K | +6.8% |
| Clifton Heights | $205K | $216K | +5.4% |
| Upper Darby | $175K | $179.9K | +2.8% |
| Lansdowne | $256.9K | $225.2K | -12.3% |
Housing Supply in Drexel Hill, PA
How many homes are available in Drexel Hill, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 118 | 117 | -0.8% |
Summary: The Drexel Hill real estate market had 117 homes for sale in March 2024, a 0.8% decrease 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 | 1 | -66.7% |
| 3 Bedrooms | 60 | 64 | +6.7% |
| 4 Bedrooms | 28 | 26 | -7.1% |
| 5+ Bedrooms | 27 | 26 | -3.7% |
Summary: The Drexel Hill 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 66.7%, 3 bedroom homes increased by 6.7%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes decreased by 3.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 17 | 26 | +52.9% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Drexel Hill, you could pay more than the asking price. 57.7% of homes here sold above asking price last month.
Summary: A total of 26 homes were sold or pending in Drexel Hill in March 2024, up by 52.9% month-over-month. Of the 26 sold homes, 15% were sold under asking, 27% were sold at asking, and 58% were sold over asking.
Days on Market for Drexel Hill, PA
How long does it take to sell a home in Drexel Hill, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 22 Days | 10 Days | -53.4% |
Summary: Homes in Drexel Hill had an average of 10 days on market in Mar 2024, down by 53.4% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Drexel Hill are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 26 homes were sold in Drexel Hill; 88% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
