Is Holmesburg, 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, Holmesburg has remained a Buyer's Market.
Housing Prices in Holmesburg, PA
How much do homes in Holmesburg, PA cost?
Median Sold Price
$210,000
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Holmesburg was $210,000 in March 2024, down 2.8% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $65.5K | $95K | +45.0% |
2 Bedrooms | $185K | $175K | -5.4% |
3 Bedrooms | $216K | $215K | -0.5% |
4 Bedrooms | $241.5K | $220K | -8.9% |
5+ Bedrooms | $250K | $237.5K | -5.0% |
Summary: Holmesburg housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 45%, 2 bedroom homes decreased by 5.4%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes decreased by 8.9%, and 5+ bedroom homes decreased by 5%.
Housing Supply in Holmesburg, PA
How many homes are available in Holmesburg, PA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
149 | 152 | +2.0% |
Summary: The Holmesburg real estate market had 152 homes for sale in March 2024, a 2.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 4 | -20.0% |
2 Bedrooms | 13 | 12 | -7.7% |
3 Bedrooms | 120 | 121 | +0.8% |
4 Bedrooms | 9 | 13 | +44.4% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Holmesburg housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 16 | +23.1% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Holmesburg in March 2024, up by 23.1% month-over-month. Of the 16 sold homes, 56% were sold under asking, 13% were sold at asking, and 31% were sold over asking.
Days on Market for Holmesburg, PA
How long does it take to sell a home in Holmesburg, PA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
44 Days | 25 Days | -41.9% |
Summary: Homes in Holmesburg had an average of 25 days on market in Mar 2024, down by 41.9% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 16 homes were sold in Holmesburg; 69% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.