Is Jenkintown, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Jenkintown is a seller's market

Buyer's
Market

Difference Since February 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

$225/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$41,250(+10.0%)

Key Takeaway

Homes in Jenkintown have sold for 10% more than they did a year ago.

Summary: The median home sold price in Jenkintown was $455,000 in February 2024, up 10% from last year, and the median price per square foot was $225.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $140K$150K
+7.1%
2 $191K$202.5K
+6.0%
3 $380.5K$419K
+10.1%
4 $527K$565K
+7.2%
5+ $550K$749.9K
+36.3%

Summary: Jenkintown housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.1%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 36.3%.

Median Sold Price Compared To Nearby Cities

Jenkintown
+10.0%
Abington Township
+5.9%

Housing Supply in Jenkintown, PA

How many homes are available in Jenkintown, PA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
8674-14.0%

Summary: The Jenkintown real estate market had 74 homes for sale in February 2024, a 14.0% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 32
-33.3%
2 1410
-28.6%
3 2925
-13.8%
4 1516
+6.7%
5+ 2521
-16.0%

Summary: The Jenkintown housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 28.6%, 3 bedroom homes decreased by 13.8%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 16%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1716-5.9%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Jenkintown, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in Jenkintown in February 2024, down by 5.9% month-over-month. Of the 16 sold homes, 44% were sold under asking, 25% were sold at asking, and 31% 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

Feb 2023Feb 2024CHANGE
64 Days50 Days-20.9%

Summary: Homes in Jenkintown had an average of 50 days on market in Feb 2024, down by 20.9% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Jenkintown are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 16 homes were sold in Jenkintown; 56% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in Jenkintown, PA

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