Is Morrell 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, Morrell Park has remained a Seller's Market.
Housing Prices in Morrell Park, PA
How much do homes in Morrell Park, PA cost?
Median Sold Price
$299,950
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Morrell Park was $299,950 in April 2024, up 1.9% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $240K | $250K | +4.2% |
3 Bedrooms | $306K | $299K | -2.3% |
4 Bedrooms | $290K | $352.5K | +21.6% |
5+ Bedrooms | $497K | - | N/A |
Summary: Morrell 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 4.2%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes increased by 21.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Modena Park | $294K | $315K | +7.1% |
Far Northeast Philadelphia | $309.9K | $320.8K | +3.5% |
Morrell Park | $294.5K | $299.9K | +1.9% |
Torresdale | $265K | $262.4K | -1.0% |
Housing Supply in Morrell Park, PA
How many homes are available in Morrell Park, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 17 | -5.6% |
Summary: The Morrell Park real estate market had 17 homes for sale in April 2024, a 5.6% 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 | 4 | 3 | -25.0% |
3 Bedrooms | 13 | 12 | -7.7% |
4 Bedrooms | 1 | 2 | +100.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Morrell 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 decreased by 25%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 3 | -57.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Morrell Park in April 2024, down by 57.1% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Morrell Park, PA
How long does it take to sell a home in Morrell Park, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
15 Days | 13 Days | -13.5% |
Summary: Homes in Morrell Park had an average of 13 days on market in Apr 2024, down by 13.5% compared to last year.
Breakdown of Home Sale Times
3 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, 3 homes were sold in Morrell 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.