Is Ridley Park, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Ridley Park was a Buyer's Market.
Housing Prices in Ridley Park, PA
How much do homes in Ridley Park, PA cost?
Median Sold Price
$297,500
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Ridley Park was $297,500 in March 2024, up 4.4% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $128.9K | $130K | +0.8% |
2 Bedrooms | $240.5K | $220K | -8.5% |
3 Bedrooms | $253.7K | $290K | +14.3% |
4 Bedrooms | $290K | $365K | +25.9% |
5+ Bedrooms | $375K | $396K | +5.6% |
Summary: Ridley Park housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.8%, 2 bedroom homes decreased by 8.5%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 25.9%, and 5+ bedroom homes increased by 5.6%.
Median Sold Price Compared To Nearby Cities
Prospect Park | $261K | $283.2K | +8.5% |
Ridley Township | $282.9K | $300K | +6.0% |
Ridley Park | $285K | $297.5K | +4.4% |
Housing Supply in Ridley Park, PA
How many homes are available in Ridley Park, PA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
23 | 33 | +43.5% |
Summary: The Ridley Park real estate market had 33 homes for sale in March 2024, a 43.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 16 | 21 | +31.3% |
4 Bedrooms | 5 | 9 | +80.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Ridley Park housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 31.3%, 4 bedroom homes increased by 80%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 15 | +650.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Ridley Park in March 2024, up by 650.0% month-over-month. Of the 15 sold homes, 27% were sold under asking, 33% were sold at asking, and 40% were sold over asking.
Days on Market for Ridley Park, PA
How long does it take to sell a home in Ridley Park, PA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
49 Days | 19 Days | -60.3% |
Summary: Homes in Ridley Park had an average of 19 days on market in Mar 2024, down by 60.3% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 15 homes were sold in Ridley Park; 87% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.