$4,976 Closing Credit*
$419,000
1,175 SqFt
3 Beds
•1 Full Bath
Michael Saulino, Listing Office: Real of Pennsylvania
Is Plymouth Meeting, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Plymouth Meeting has remained a Seller's Market.
Key Takeaway
Plymouth Meeting is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Plymouth Meeting, PA
How much do homes in Plymouth Meeting, PA cost?
Median Sold Price
$550,000
$254/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$65,000(+13.4%)
Key Takeaway
Homes in Plymouth Meeting have sold for 13.4% more than they did a year ago.
Summary: The median home sold price in Plymouth Meeting was $550,000 in September 2024, up 13.4% from last year, and the median price per square foot was $254.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $220K | $207.5K | -5.7% |
| 2 Bedrooms | $315K | $247.4K | -21.4% |
| 3 Bedrooms | $450K | $490.2K | +9.0% |
| 4 Bedrooms | $550K | $690K | +25.5% |
| 5+ Bedrooms | $1.2M | $800K | -35.1% |
Summary: Plymouth Meeting housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.7%, 2 bedroom homes decreased by 21.4%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 25.5%, and 5+ bedroom homes decreased by 35.1%.
Median Sold Price Compared To Nearby Cities
| Lafayette Hill | $540K | $633K | +17.2% |
| Plymouth Meeting | $485K | $550K | +13.4% |
| Whitemarsh Township | $535K | $602.5K | +12.6% |
| Plymouth Township | $468.7K | $520K | +10.9% |
| Norristown | $310K | $332.6K | +7.3% |
Housing Supply in Plymouth Meeting, PA
How many homes are available in Plymouth Meeting, PA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 54 | 49 | -9.3% |
Summary: The Plymouth Meeting real estate market had 49 homes for sale in September 2024, a 9.3% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 6 | 3 | -50.0% |
| 3 Bedrooms | 13 | 15 | +15.4% |
| 4 Bedrooms | 29 | 26 | -10.3% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Plymouth Meeting housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 15.4%, 4 bedroom homes decreased by 10.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 23 | 10 | -56.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Plymouth Meeting, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Plymouth Meeting in September 2024, down by 56.5% month-over-month. Of the 10 sold homes, 10% were sold under asking, 30% were sold at asking, and 60% were sold over asking.
Days on Market for Plymouth Meeting, PA
How long does it take to sell a home in Plymouth Meeting, PA?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 7 Days | 38 Days | +414.2% |
Summary: Homes in Plymouth Meeting had an average of 38 days on market in Sep 2024, up by 414.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Plymouth Meeting are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 10 homes were sold in Plymouth Meeting; 50% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
