Is Passayunk Square, 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, Passayunk Square has remained a Seller's Market.
Housing Prices in Passayunk Square, PA
How much do homes in Passayunk Square, PA cost?
Median Sold Price
$410,000
$297/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Passayunk Square was $410,000 in April 2024, up 3.3% from last year, and the median price per square foot was $297.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $350K | $410K | +17.1% |
2 Bedrooms | $355K | $327.5K | -7.7% |
3 Bedrooms | $392.4K | $435K | +10.8% |
4 Bedrooms | $560K | $520K | -7.1% |
5+ Bedrooms | $418.5K | $437.5K | +4.5% |
Summary: Passayunk Square housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.1%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes increased by 10.8%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 4.5%.
Median Sold Price Compared To Nearby Neighborhoods
Dickson Narrows | $395K | $455.5K | +15.3% |
Passayunk Square | $397K | $410K | +3.3% |
Point Breeze | $333.6K | $336.3K | +0.8% |
Bella Vista | $545K | $525K | -3.7% |
Housing Supply in Passayunk Square, PA
How many homes are available in Passayunk Square, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
76 | 79 | +3.9% |
Summary: The Passayunk Square real estate market had 79 homes for sale in April 2024, a 3.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 12 | 20 | +66.7% |
3 Bedrooms | 41 | 34 | -17.1% |
4 Bedrooms | 15 | 12 | -20.0% |
5+ Bedrooms | 6 | 12 | +100.0% |
Summary: The Passayunk Square housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 66.7%, 3 bedroom homes decreased by 17.1%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 15 | -31.8% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Passayunk Square in April 2024, down by 31.8% month-over-month. Of the 15 sold homes, 73% were sold under asking, 13% were sold at asking, and 13% were sold over asking.
Days on Market for Passayunk Square, PA
How long does it take to sell a home in Passayunk Square, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
65 Days | 57 Days | -11.9% |
Summary: Homes in Passayunk Square had an average of 57 days on market in Apr 2024, down by 11.9% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 15 homes were sold in Passayunk Square; 60% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.