Is Queen Village, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Queen Village was a Seller's Market.
Key Takeaway
Queen Village is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Queen Village, PA
How much do homes in Queen Village, PA cost?
Median Sold Price
$597,000
$386/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Queen Village have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in Queen Village was $597,000 in April 2024, up 8.1% from last year, and the median price per square foot was $386.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $310K | $307.5K | -0.8% |
| 2 Bedrooms | $417.5K | $439K | +5.1% |
| 3 Bedrooms | $675K | $700K | +3.7% |
| 4 Bedrooms | $735K | $762.5K | +3.7% |
| 5+ Bedrooms | $500K | $1.2M | +154.0% |
Summary: Queen Village housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.8%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 154%.
Median Sold Price Compared To Nearby Neighborhoods
| Queen Village | $552.5K | $597K | +8.1% |
| Society Hill | $590.1K | $560K | -5.1% |
| Center City | $543.7K | $461.6K | -15.1% |
Housing Supply in Queen Village, PA
How many homes are available in Queen Village, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 53 | 62 | +17.0% |
Summary: The Queen Village real estate market had 62 homes for sale in April 2024, a 17.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 18 | 21 | +16.7% |
| 3 Bedrooms | 18 | 23 | +27.8% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Queen Village 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 increased by 16.7%, 3 bedroom homes increased by 27.8%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Queen Village, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Queen Village in April 2024, the same as the previous month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Queen Village, PA
How long does it take to sell a home in Queen Village, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 69 Days | 29 Days | -57.5% |
Summary: Homes in Queen Village had an average of 29 days on market in Apr 2024, down by 57.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Queen Village are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Queen Village; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
