Is Logan Square, 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, Logan Square was a Neutral Market.
Key Takeaway
Logan Square is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Logan Square, PA
How much do homes in Logan Square, PA cost?
Median Sold Price
$445,000
$379/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Logan Square have sold for 11.4% less than they did a year ago.
Summary: The median home sold price in Logan Square was $445,000 in April 2024, down 11.4% from last year, and the median price per square foot was $379.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $325K | $297.5K | -8.5% |
| 2 Bedrooms | $485K | $482.5K | -0.5% |
| 3 Bedrooms | $674.9K | $678.7K | +0.6% |
| 4 Bedrooms | $1.2M | $1.8M | +52.1% |
| 5+ Bedrooms | $2.9M | - | N/A |
Summary: Logan Square housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.5%, 2 bedroom homes decreased by 0.5%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 52.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Logan Square | $502.5K | $445K | -11.4% |
| Franklintown | $495K | $405K | -18.2% |
Housing Supply in Logan Square, PA
How many homes are available in Logan Square, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 50 | 53 | +6.0% |
Summary: The Logan Square real estate market had 53 homes for sale in April 2024, a 6.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 17 | 16 | -5.9% |
| 2 Bedrooms | 17 | 21 | +23.5% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Logan Square housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 5.9%, 2 bedroom homes increased by 23.5%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Logan Square, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Logan Square in April 2024, down by 16.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for Logan Square, PA
How long does it take to sell a home in Logan Square, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 123 Days | 27 Days | -77.7% |
Summary: Homes in Logan Square had an average of 27 days on market in Apr 2024, down by 77.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Logan Square are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Logan Square; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
