Is Jenkintown, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Jenkintown has remained a Seller's Market.
Key Takeaway
Jenkintown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Jenkintown, PA
How much do homes in Jenkintown, PA cost?
Median Sold Price
$455,000
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Jenkintown have sold for 2.2% more than they did a year ago.
Summary: The median home sold price in Jenkintown was $455,000 in April 2024, up 2.2% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145K | $150K | +3.4% |
| 2 Bedrooms | $180K | $205K | +13.9% |
| 3 Bedrooms | $335K | $434.5K | +29.7% |
| 4 Bedrooms | $585K | $563.5K | -3.7% |
| 5+ Bedrooms | $750K | $710K | -5.3% |
Summary: Jenkintown housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.4%, 2 bedroom homes increased by 13.9%, 3 bedroom homes increased by 29.7%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes decreased by 5.3%.
Median Sold Price Compared To Nearby Cities
| Abington Township | $389.9K | $410K | +5.1% |
| Jenkintown | $445K | $455K | +2.2% |
Housing Supply in Jenkintown, PA
How many homes are available in Jenkintown, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 46 | 55 | +19.6% |
Summary: The Jenkintown real estate market had 55 homes for sale in April 2024, a 19.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 7 | 9 | +28.6% |
| 3 Bedrooms | 10 | 12 | +20.0% |
| 4 Bedrooms | 13 | 16 | +23.1% |
| 5+ Bedrooms | 12 | 14 | +16.7% |
Summary: The Jenkintown 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 increased by 28.6%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 10 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jenkintown, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Jenkintown in April 2024, up by 100.0% month-over-month. Of the 10 sold homes, 20% were sold under asking, 30% were sold at asking, and 50% were sold over asking.
Days on Market for Jenkintown, PA
How long does it take to sell a home in Jenkintown, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 26 Days | 22 Days | -15.2% |
Summary: Homes in Jenkintown had an average of 22 days on market in Apr 2024, down by 15.2% compared to last year.
Breakdown of Home Sale Times
9 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 Jenkintown are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 10 homes were sold in Jenkintown; 90% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
