Is Modena Park, 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, Modena Park has remained a Seller's Market.
Housing Prices in Modena Park, PA
How much do homes in Modena Park, PA cost?
Median Sold Price
$315,000
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Modena Park was $315,000 in April 2024, up 7.1% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $280K | - | N/A |
2 Bedrooms | $250K | $259K | +3.6% |
3 Bedrooms | $303K | $320K | +5.6% |
4 Bedrooms | $370K | $355K | -4.1% |
5+ Bedrooms | - | $490K | N/A |
Summary: Modena Park 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 3.6%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Modena Park | $294K | $315K | +7.1% |
Millbrook | $301K | $315K | +4.7% |
Far Northeast Philadelphia | $309.9K | $320.8K | +3.5% |
Housing Supply in Modena Park, PA
How many homes are available in Modena Park, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
32 | 39 | +21.9% |
Summary: The Modena Park real estate market had 39 homes for sale in April 2024, a 21.9% 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 | 5 | 8 | +60.0% |
3 Bedrooms | 25 | 27 | +8.0% |
4 Bedrooms | 2 | 4 | +100.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Modena Park 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 increased by 60%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 12 | +71.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Modena Park in April 2024, up by 71.4% month-over-month. Of the 12 sold homes, 25% were sold under asking, 17% were sold at asking, and 58% were sold over asking.
Days on Market for Modena Park, PA
How long does it take to sell a home in Modena Park, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
13 Days | 9 Days | -25.4% |
Summary: Homes in Modena Park had an average of 9 days on market in Apr 2024, down by 25.4% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in Modena Park; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.