Is Tacony, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Tacony was a Seller's Market.
Key Takeaway
Tacony is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Tacony, PA
How much do homes in Tacony, PA cost?
Median Sold Price
$188,950
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Tacony have sold for 1.6% less than they did a year ago.
Summary: The median home sold price in Tacony was $188,950 in April 2024, down 1.6% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $110K | N/A |
| 2 Bedrooms | $168.7K | $154.9K | -8.2% |
| 3 Bedrooms | $192K | $195K | +1.6% |
| 4 Bedrooms | $272.5K | $262.5K | -3.7% |
| 5+ Bedrooms | $290K | $155K | -46.6% |
Summary: Tacony housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.2%, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes decreased by 46.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Holmesburg | $210K | $215K | +2.4% |
| Mayfair | $243K | $245K | +0.8% |
| Near Northeast Philadelphia | $220K | $219.9K | 0% |
| Tacony | $192K | $188.9K | -1.6% |
Housing Supply in Tacony, PA
How many homes are available in Tacony, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 46 | 51 | +10.9% |
Summary: The Tacony real estate market had 51 homes for sale in April 2024, a 10.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 34 | 34 | 0.0% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Tacony housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 4 | -55.6% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tacony, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Tacony in April 2024, down by 55.6% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Tacony, PA
How long does it take to sell a home in Tacony, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 64 Days | 16 Days | -74.3% |
Summary: Homes in Tacony had an average of 16 days on market in Apr 2024, down by 74.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Tacony are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Tacony; 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.
