Is Mount Airy, 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, Mount Airy was a Seller's Market.
Key Takeaway
Mount Airy is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mount Airy, PA
How much do homes in Mount Airy, PA cost?
Median Sold Price
$395,000
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Mount Airy have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in Mount Airy was $395,000 in April 2024, up 5.1% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $213.5K | +64.2% |
| 2 Bedrooms | $305K | $145K | -52.5% |
| 3 Bedrooms | $279.9K | $315K | +12.5% |
| 4 Bedrooms | $512.3K | $515K | 0.5% |
| 5+ Bedrooms | $585K | $640K | +9.4% |
Summary: Mount Airy housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 64.2%, 2 bedroom homes decreased by 52.5%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 9.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Chestnut Hill | $686.2K | $725K | +5.6% |
| Mount Airy | $376K | $395K | +5.1% |
| Roxborough | $350K | $360K | +2.9% |
| Cedarbrook | $252.4K | $256.2K | +1.5% |
| Germantown / Chestnut Hill | $306.3K | $295.4K | -3.6% |
Housing Supply in Mount Airy, PA
How many homes are available in Mount Airy, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 81 | 102 | +25.9% |
Summary: The Mount Airy real estate market had 102 homes for sale in April 2024, a 25.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 46 | 53 | +15.2% |
| 4 Bedrooms | 14 | 23 | +64.3% |
| 5+ Bedrooms | 16 | 22 | +37.5% |
Summary: The Mount Airy 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 increased by 15.2%, 4 bedroom homes increased by 64.3%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 14 | -22.2% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mount Airy, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.
Summary: A total of 14 homes were sold or pending in Mount Airy in April 2024, down by 22.2% month-over-month. Of the 14 sold homes, 14% were sold under asking, 43% were sold at asking, and 43% were sold over asking.
Days on Market for Mount Airy, PA
How long does it take to sell a home in Mount Airy, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 44 Days | 37 Days | -15.5% |
Summary: Homes in Mount Airy had an average of 37 days on market in Apr 2024, down by 15.5% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mount Airy are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 14 homes were sold in Mount Airy; 71% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
