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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ridley Township is a seller's market

Buyer's
Market

Difference Since August 2021

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

Key Takeaway

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

How much do homes in Ridley Township, PA cost?

Median Sold Price

$255,000

$189/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$9,100(+3.7%)

Key Takeaway

Homes in Ridley Township have sold for 3.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $84K$90K
+7.1%
2 $205K$210K
+2.4%
3 $243.3K$253.4K
+4.2%
4 $288.4K$303K
+5.0%
5+ $332.5K$380K
+14.3%

Median Sold Price Compared To Nearby Cities

Prospect Park
+14.8%
Ridley Park
+13.5%
Swarthmore
+12.3%
Ridley Township
+3.7%

How many homes are available in Ridley Township, PA?

Number of Homes For Sale

Jul 2022Aug 2022%
88108+22.7%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 10
-100.0%
2 711
+57.1%
3 5366
+24.5%
4 2629
+11.5%
5+ 12
+100.0%

Number of Homes Sold

Jul 2022Aug 2022%
336+1100.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

19 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ridley Township, you could pay more than the asking price. 52.8% of homes here sold above asking price last month.

Average Sale Time

Aug 2021Aug 2022%
11 Days13 Days+13.5%

Breakdown of Home Sale Times

31 Homes Were Sold
Under 30 Days

5 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 Township 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 Township, PA

There are 108 homes are for sale in Ridley Township, PA real estate market. The number of homes for sale in Ridley Township, PA increased by 22.7% between July 2022 and August 2022. In August 2022 median list price was $255,000 and the average listing age was 13 days. From July 2022 through August 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices increased by 7.1%, 2 bedrooms properties prices increased by 2.4%, 3 bedrooms properties prices increased by 4.2%, 4 bedrooms properties prices increased by 5%, 5 bedrooms properties became 14.3% more expensive. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes became 100% less available, number of 2 bedrooms homes increased by 57.1%, 3 bedrooms homes inventory increased by 24.5%, 4 bedrooms homes became 11.5% more available, number of 5 bedrooms homes increased by 100%. While more than 19 listings in Ridley Township, PA in August 2022 were sold above asking price, there were more than 10 listings sold at asking price, and more than 7 were sold below.

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