Is Marple Township, 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, Marple Township has remained a Seller's Market.
Key Takeaway
Marple Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Marple Township, PA
How much do homes in Marple Township, PA cost?
Median Sold Price
$525,000
$262/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Marple Township have sold for 14.4% more than they did a year ago.
Summary: The median home sold price in Marple Township was $525,000 in April 2024, up 14.4% from last year, and the median price per square foot was $262.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | - | N/A |
| 2 Bedrooms | $230K | $320K | +39.1% |
| 3 Bedrooms | $450K | $500K | +11.1% |
| 4 Bedrooms | $535K | $640K | +19.6% |
| 5+ Bedrooms | $647K | $801K | +23.8% |
Summary: Marple Township 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 39.1%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 19.6%, and 5+ bedroom homes increased by 23.8%.
Median Sold Price Compared To Nearby Cities
| Broomall | $451.3K | $522.5K | +15.8% |
| Marple Township | $459K | $525K | +14.4% |
| Springfield | $425K | $459.6K | +8.2% |
| Newtown Township | $650K | $656.5K | +1.0% |
| Upper Providence Township | $712K | $625K | -12.2% |
Housing Supply in Marple Township, PA
How many homes are available in Marple Township, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 51 | 52 | +2.0% |
Summary: The Marple Township real estate market had 52 homes for sale in April 2024, a 2.0% increase 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 24 | 23 | -4.2% |
| 4 Bedrooms | 16 | 13 | -18.8% |
| 5+ Bedrooms | 8 | 13 | +62.5% |
Summary: The Marple Township 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 remained the same, 3 bedroom homes decreased by 4.2%, 4 bedroom homes decreased by 18.8%, and 5+ bedroom homes increased by 62.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 15 | +15.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Marple Township, you could pay more than the asking price. 53.3% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in Marple Township in April 2024, up by 15.4% month-over-month. Of the 15 sold homes, 20% were sold under asking, 27% were sold at asking, and 53% were sold over asking.
Days on Market for Marple Township, PA
How long does it take to sell a home in Marple Township, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 29 Days | 18 Days | -38.9% |
Summary: Homes in Marple Township had an average of 18 days on market in Apr 2024, down by 38.9% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Marple Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 15 homes were sold in Marple Township; 73% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
