Is Jenkintown, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Jenkintown has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $140K | $150K | +7.1% |
2 Bedrooms | $191K | $202.5K | +6.0% |
3 Bedrooms | $380.5K | $419K | +10.1% |
4 Bedrooms | $527K | $565K | +7.2% |
5+ Bedrooms | $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 | $413.7K | $455K | +10.0% |
Abington Township | $385K | $407.8K | +5.9% |
Housing Supply in Jenkintown, PA
How many homes are available in Jenkintown, PA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
86 | 74 | -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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 14 | 10 | -28.6% |
3 Bedrooms | 29 | 25 | -13.8% |
4 Bedrooms | 15 | 16 | +6.7% |
5+ Bedrooms | 25 | 21 | -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 2024 | Feb 2024 | CHANGE |
---|---|---|
17 | 16 | -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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
64 Days | 50 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
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.