Is Glen Mills, 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, Glen Mills was a Buyer's Market.
Key Takeaway
Glen Mills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Glen Mills, PA
How much do homes in Glen Mills, PA cost?
Median Sold Price
$615,000
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Glen Mills have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in Glen Mills was $615,000 in March 2024, up 2.3% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $184K | $156.5K | -14.9% |
| 2 Bedrooms | $319.9K | $350K | +9.4% |
| 3 Bedrooms | $521K | $545K | +4.6% |
| 4 Bedrooms | $668.5K | $790K | +18.2% |
| 5+ Bedrooms | $718K | $832.5K | +15.9% |
Summary: Glen Mills housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.9%, 2 bedroom homes increased by 9.4%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 15.9%.
Median Sold Price Compared To Nearby Cities
| Thornbury Township | $685K | $752.5K | +9.9% |
| Glen Mills | $601K | $615K | +2.3% |
| Chester Heights | $375K | $349.4K | -6.8% |
Housing Supply in Glen Mills, PA
How many homes are available in Glen Mills, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 53 | 71 | +34.0% |
Summary: The Glen Mills real estate market had 71 homes for sale in March 2024, a 34.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 9 | 12 | +33.3% |
| 3 Bedrooms | 10 | 18 | +80.0% |
| 4 Bedrooms | 20 | 26 | +30.0% |
| 5+ Bedrooms | 12 | 14 | +16.7% |
Summary: The Glen Mills housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 80%, 4 bedroom homes increased by 30%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 13 | +160.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Glen Mills, you could pay more than the asking price. 76.9% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Glen Mills in March 2024, up by 160.0% month-over-month. Of the 13 sold homes, 23% were sold under asking, 0% were sold at asking, and 77% were sold over asking.
Days on Market for Glen Mills, PA
How long does it take to sell a home in Glen Mills, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 6 Days | 32 Days | +371.7% |
Summary: Homes in Glen Mills had an average of 32 days on market in Mar 2024, up by 371.7% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Glen Mills are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 13 homes were sold in Glen Mills; 77% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
