Is Overbrook, 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, Overbrook has remained a Seller's Market.
Housing Prices in Overbrook, PA
How much do homes in Overbrook, PA cost?
Median Sold Price
$216,000
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Overbrook was $216,000 in April 2024, up 0.5% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $212K | - | N/A |
2 Bedrooms | $155K | $197.5K | +27.4% |
3 Bedrooms | $205K | $195K | -4.9% |
4 Bedrooms | $224K | $265K | +18.3% |
5+ Bedrooms | $320K | $335K | +4.7% |
Summary: Overbrook 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 27.4%, 3 bedroom homes decreased by 4.9%, 4 bedroom homes increased by 18.3%, and 5+ bedroom homes increased by 4.7%.
Median Sold Price Compared To Nearby Neighborhoods
Penn Wynne | $395K | $455K | +15.2% |
Overbrook | $215K | $216K | 0.5% |
West Philadelphia | $188K | $175.1K | -6.9% |
Haddington | $128.9K | $119.4K | -7.4% |
Carroll Park | $145K | $107.5K | -25.9% |
Housing Supply in Overbrook, PA
How many homes are available in Overbrook, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
62 | 73 | +17.7% |
Summary: The Overbrook real estate market had 73 homes for sale in April 2024, a 17.7% 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 | 0 | 0 | 0.0% |
3 Bedrooms | 46 | 52 | +13.0% |
4 Bedrooms | 9 | 14 | +55.6% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Overbrook 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 increased by 13%, 4 bedroom homes increased by 55.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 14 | 0.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Overbrook in April 2024, the same as the previous month. Of the 14 sold homes, 57% were sold under asking, 7% were sold at asking, and 36% were sold over asking.
Days on Market for Overbrook, PA
How long does it take to sell a home in Overbrook, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
66 Days | 55 Days | -16.0% |
Summary: Homes in Overbrook had an average of 55 days on market in Apr 2024, down by 16% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 14 homes were sold in Overbrook; 50% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.