Is Plymouth Meeting, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Plymouth Meeting has remained a Buyer's Market.
Key Takeaway
Plymouth Meeting is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Plymouth Meeting, PA
How much do homes in Plymouth Meeting, PA cost?
Median Sold Price
$507,500
$244/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Plymouth Meeting have sold for 8% more than they did a year ago.
Summary: The median home sold price in Plymouth Meeting was $507,500 in March 2024, up 8% from last year, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $184.9K | $220K | +19.0% |
| 2 Bedrooms | $276.2K | $305K | +10.4% |
| 3 Bedrooms | $437K | $470K | +7.6% |
| 4 Bedrooms | $567.5K | $569.9K | 0.4% |
| 5+ Bedrooms | $635K | $1.1M | +73.2% |
Summary: Plymouth Meeting housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes increased by 73.2%.
Median Sold Price Compared To Nearby Cities
| Norristown | $245K | $325K | +32.7% |
| Plymouth Meeting | $470K | $507.5K | +8.0% |
| Plymouth Township | $466.2K | $497.5K | +6.7% |
| Whitemarsh Township | $565K | $574.5K | +1.7% |
Housing Supply in Plymouth Meeting, PA
How many homes are available in Plymouth Meeting, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 43 | 45 | +4.7% |
Summary: The Plymouth Meeting real estate market had 45 homes for sale in March 2024, a 4.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 7 | 4 | -42.9% |
| 3 Bedrooms | 10 | 14 | +40.0% |
| 4 Bedrooms | 21 | 20 | -4.8% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Plymouth Meeting housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 42.9%, 3 bedroom homes increased by 40%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Plymouth Meeting, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Plymouth Meeting in March 2024, down by 25.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 33% were sold at asking, and 50% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 14 Days | 9 Days | -36.1% |
Summary: Homes in Plymouth Meeting had an average of 9 days on market in Mar 2024, down by 36.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Plymouth Meeting are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 6 homes were sold in Plymouth Meeting; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
