Is Swarthmore, 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, Swarthmore has remained a Seller's Market.
Key Takeaway
Swarthmore is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Swarthmore, PA
How much do homes in Swarthmore, PA cost?
Median Sold Price
$380,000
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Swarthmore have sold for 29% less than they did a year ago.
Summary: The median home sold price in Swarthmore was $380,000 in March 2024, down 29% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $115.1K | $147.5K | +28.1% |
| 2 Bedrooms | $218.5K | $245K | +12.1% |
| 3 Bedrooms | $402.5K | $360K | -10.6% |
| 4 Bedrooms | $745K | $577.5K | -22.5% |
| 5+ Bedrooms | $902K | $779.3K | -13.6% |
Summary: Swarthmore housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.1%, 2 bedroom homes increased by 12.1%, 3 bedroom homes decreased by 10.6%, 4 bedroom homes decreased by 22.5%, and 5+ bedroom homes decreased by 13.6%.
Median Sold Price Compared To Nearby Cities
| Wallingford | $346.5K | $431K | +24.4% |
| Nether Providence Township | $382.5K | $434K | +13.5% |
| Springfield Township | $413K | $440.1K | +6.6% |
| Ridley Township | $282.9K | $300K | +6.0% |
| Swarthmore | $535K | $380K | -29.0% |
Housing Supply in Swarthmore, PA
How many homes are available in Swarthmore, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 32 | +100.0% |
Summary: The Swarthmore real estate market had 32 homes for sale in March 2024, a 100.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 3 | 8 | +166.7% |
| 3 Bedrooms | 8 | 14 | +75.0% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Swarthmore 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 increased by 166.7%, 3 bedroom homes increased by 75%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 8 | +60.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Swarthmore, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Swarthmore in March 2024, up by 60.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.
Days on Market for Swarthmore, PA
How long does it take to sell a home in Swarthmore, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 23 Days | 20 Days | -11.1% |
Summary: Homes in Swarthmore had an average of 20 days on market in Mar 2024, down by 11.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Swarthmore are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 8 homes were sold in Swarthmore; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
