Is Ridley Park, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ridley Park is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, Ridley Park has remained a Seller's Market.

Key Takeaway

Ridley Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Ridley Park, PA cost?

Median Sold Price

$287,500

$178/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$29,750(+11.5%)

Key Takeaway

Homes in Ridley Park have sold for 11.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 -$125K
N/A
2 $215K$230K
+7.0%
3 $255K$277.5K
+8.8%
4 $290K$305K
+5.2%
5+ $395K$367.5K
-7.0%

Median Sold Price Compared To Nearby Cities

Ridley Township
+14.3%
Ridley Park
+11.5%
Prospect Park
+11.0%

How many homes are available in Ridley Park, PA?

Number of Homes For Sale

Oct 2022Nov 2022%
2823-17.9%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 10
-100.0%
2 22
0.0%
3 109
-10.0%
4 108
-20.0%
5+ 54
-20.0%

Number of Homes Sold

Oct 2022Nov 2022%
660.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ridley Park, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
5 Days27 Days+372.5%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Ridley Park are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Ridley Park, PA

Homes for sale in Ridley Park, PA have reached 23. Between October 2022 and November 2022, Ridley Park, PA real estate market has seen decrease in the number of listings by 17.9%. In November 2022 median list price was $287,500 and the average listing age was 27 days. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties increased by 0%, 2 bedrooms properties prices increased by 7%, prices of 3 bedrooms properties increased by 8.8%, prices of 4 bedrooms properties went up by 5.2%, 5 bedrooms properties prices decreased by 7%. The following changes in the number of homes for sale were observed in this housing market: the quantity of 1 bedroom homes went down by 100%, 2 bedrooms homes inventory did not change, number of 3 bedrooms homes decreased by 10%, 4 bedrooms homes inventory decreased by 20%, 5 bedrooms homes inventory decreased by 20%. While more than 1 listings in Ridley Park, PA in November 2022 were sold above asking price, there were more than 2 listings sold at asking price, and more than 3 were sold below.

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