Is Ridley Township, 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, Ridley Township has remained a Seller's Market.
Housing Prices in Ridley Township, PA
How much do homes in Ridley Township, PA cost?
Median Sold Price
$300,000
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Ridley Township was $300,000 in March 2024, up 6% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $98.5K | $129.9K | +31.9% |
2 Bedrooms | $215K | $250K | +16.3% |
3 Bedrooms | $280K | $298K | +6.4% |
4 Bedrooms | $330K | $371.2K | +12.5% |
5+ Bedrooms | $380K | $367.5K | -3.3% |
Summary: Ridley Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.9%, 2 bedroom homes increased by 16.3%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 3.3%.
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% |
Swarthmore | $535K | $380K | -29.0% |
Housing Supply in Ridley Township, PA
How many homes are available in Ridley Township, PA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
72 | 77 | +6.9% |
Summary: The Ridley Township real estate market had 77 homes for sale in March 2024, a 6.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 9 | 8 | -11.1% |
3 Bedrooms | 41 | 47 | +14.6% |
4 Bedrooms | 15 | 19 | +26.7% |
5+ Bedrooms | 5 | 2 | -60.0% |
Summary: The Ridley Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes decreased by 60%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 24 | +84.6% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Ridley Township in March 2024, up by 84.6% month-over-month. Of the 24 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% were sold over asking.
Days on Market for Ridley Township, PA
How long does it take to sell a home in Ridley Township, PA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
22 Days | 17 Days | -23.3% |
Summary: Homes in Ridley Township had an average of 17 days on market in Mar 2024, down by 23.3% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 24 homes were sold in Ridley Township; 96% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.