Is Mount Moriah, 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, Mount Moriah has remained a Seller's Market.
Key Takeaway
Mount Moriah is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mount Moriah, PA
How much do homes in Mount Moriah, PA cost?
Median Sold Price
$81,000
$74/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Mount Moriah have sold for 21% less than they did a year ago.
Summary: The median home sold price in Mount Moriah was $81,000 in April 2024, down 21% from last year, and the median price per square foot was $74.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $95K | $70K | -26.3% |
| 3 Bedrooms | $107K | $75K | -29.9% |
| 4 Bedrooms | $152.4K | $190K | +24.6% |
| 5+ Bedrooms | $50K | $265.5K | +431.0% |
Summary: Mount Moriah 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 decreased by 26.3%, 3 bedroom homes decreased by 29.9%, 4 bedroom homes increased by 24.6%, and 5+ bedroom homes increased by 431%.
Median Sold Price Compared To Nearby Neighborhoods
| Elmwood | $139.9K | $140K | 0.0% |
| Southwest Philadelphia | $145K | $139.9K | -3.4% |
| Kingsessing | $145K | $130.2K | -10.2% |
| Mount Moriah | $102.5K | $81K | -21.0% |
Housing Supply in Mount Moriah, PA
How many homes are available in Mount Moriah, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 36 | 30 | -16.7% |
Summary: The Mount Moriah real estate market had 30 homes for sale in April 2024, a 16.7% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 29 | 24 | -17.2% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Mount Moriah 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 17.2%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mount Moriah, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Mount Moriah in April 2024, up by 75.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 0% were sold at asking, and 29% were sold over asking.
Days on Market for Mount Moriah, PA
How long does it take to sell a home in Mount Moriah, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 67 Days | 81 Days | +20.4% |
Summary: Homes in Mount Moriah had an average of 81 days on market in Apr 2024, up by 20.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Mount Moriah has remained consistent over time.
Summary: During April 2024, 7 homes were sold in Mount Moriah; 29% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
