Is Torresdale, 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, Torresdale was a Seller's Market.
Housing Prices in Torresdale, PA
How much do homes in Torresdale, PA cost?
Median Sold Price
$262,450
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Torresdale was $262,450 in April 2024, down 1% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $203.2K | $225K | +10.7% |
2 Bedrooms | $235K | $232.5K | -1.1% |
3 Bedrooms | $305K | $315K | +3.3% |
4 Bedrooms | $499K | $413K | -17.2% |
5+ Bedrooms | - | - | N/A |
Summary: Torresdale housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.7%, 2 bedroom homes decreased by 1.1%, 3 bedroom homes increased by 3.3%, 4 bedroom homes decreased by 17.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Andalusia | $359K | $395K | +10.0% |
Academy Gardens | $302.5K | $310K | +2.5% |
Morrell Park | $294.5K | $299.9K | +1.9% |
Torresdale | $265K | $262.4K | -1.0% |
Housing Supply in Torresdale, PA
How many homes are available in Torresdale, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
35 | 40 | +14.3% |
Summary: The Torresdale real estate market had 40 homes for sale in April 2024, a 14.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 6 | -14.3% |
2 Bedrooms | 15 | 17 | +13.3% |
3 Bedrooms | 11 | 12 | +9.1% |
4 Bedrooms | 2 | 5 | +150.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Torresdale housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 150%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 5 | -58.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Torresdale in April 2024, down by 58.3% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for Torresdale, PA
How long does it take to sell a home in Torresdale, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
13 Days | 11 Days | -18.3% |
Summary: Homes in Torresdale had an average of 11 days on market in Apr 2024, down by 18.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Torresdale; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.