Is Marcus Hook, 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, Marcus Hook has remained a Seller's Market.
Key Takeaway
Marcus Hook is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Marcus Hook, PA
How much do homes in Marcus Hook, PA cost?
Median Sold Price
$185,000
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Marcus Hook have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in Marcus Hook was $185,000 in April 2024, up 5.7% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $210K | $249.5K | +18.8% |
| 3 Bedrooms | $161.7K | $162.5K | 0.5% |
| 4 Bedrooms | $175K | $190K | +8.6% |
| 5+ Bedrooms | $166.5K | $310K | +86.2% |
Summary: Marcus Hook housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.8%, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 86.2%.
Median Sold Price Compared To Nearby Cities
| Lower Chichester Township | $151K | $183K | +21.2% |
| Claymont | $315K | $335K | +6.3% |
| Marcus Hook | $175K | $185K | +5.7% |
| Trainer | $192K | $195K | +1.6% |
Housing Supply in Marcus Hook, PA
How many homes are available in Marcus Hook, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 29 | 26 | -10.3% |
Summary: The Marcus Hook real estate market had 26 homes for sale in April 2024, a 10.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 4 | -42.9% |
| 3 Bedrooms | 18 | 16 | -11.1% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Marcus Hook 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 decreased by 42.9%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 9 | -10.0% |
Asking Price vs. Sold Price
7 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 Marcus Hook, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Marcus Hook in April 2024, down by 10.0% month-over-month. Of the 9 sold homes, 78% were sold under asking, 22% were sold at asking, and 0% were sold over asking.
Days on Market for Marcus Hook, PA
How long does it take to sell a home in Marcus Hook, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 32 Days | 40 Days | +25.4% |
Summary: Homes in Marcus Hook had an average of 40 days on market in Apr 2024, up by 25.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Marcus Hook are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in Marcus Hook; 78% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
