Is Gray's Ferry, 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, Gray's Ferry was a Seller's Market.
Key Takeaway
Gray's Ferry is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Gray's Ferry, PA
How much do homes in Gray's Ferry, PA cost?
Median Sold Price
$210,000
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Gray's Ferry have sold for 8.7% less than they did a year ago.
Summary: The median home sold price in Gray's Ferry was $210,000 in April 2024, down 8.7% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $232.3K | - | N/A |
| 2 Bedrooms | $215K | $180K | -16.3% |
| 3 Bedrooms | $224.5K | $207.5K | -7.6% |
| 4 Bedrooms | $440K | $415K | -5.7% |
| 5+ Bedrooms | - | - | N/A |
Summary: Gray's Ferry 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 16.3%, 3 bedroom homes decreased by 7.6%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Devil's Pocket | $657.5K | $662.5K | +0.8% |
| Point Breeze | $333.6K | $336.3K | +0.8% |
| Snyder / Passyunk West | $251K | $245K | -2.4% |
| Gray's Ferry | $230K | $210K | -8.7% |
Housing Supply in Gray's Ferry, PA
How many homes are available in Gray's Ferry, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 106 | 107 | +0.9% |
Summary: The Gray's Ferry real estate market had 107 homes for sale in April 2024, a 0.9% 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 | 35 | 34 | -2.9% |
| 3 Bedrooms | 59 | 60 | +1.7% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Gray's Ferry 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 decreased by 2.9%, 3 bedroom homes increased by 1.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 29 | 12 | -58.6% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gray's Ferry, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Gray's Ferry in April 2024, down by 58.6% month-over-month. Of the 12 sold homes, 58% were sold under asking, 17% were sold at asking, and 25% were sold over asking.
Days on Market for Gray's Ferry, PA
How long does it take to sell a home in Gray's Ferry, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 74 Days | 43 Days | -42.1% |
Summary: Homes in Gray's Ferry had an average of 43 days on market in Apr 2024, down by 42.1% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Gray's Ferry are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 12 homes were sold in Gray's Ferry; 75% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
