Is Wissinoming, 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, Wissinoming has remained a Buyer's Market.
Key Takeaway
Wissinoming is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Wissinoming, PA
How much do homes in Wissinoming, PA cost?
Median Sold Price
$189,000
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Wissinoming have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in Wissinoming was $189,000 in March 2024, up 2.7% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $160.6K | $147.5K | -8.2% |
| 3 Bedrooms | $189K | $190K | 0.5% |
| 4 Bedrooms | $188K | $245K | +30.3% |
| 5+ Bedrooms | $292K | $300K | +2.7% |
Summary: Wissinoming housing prices by bedroom type for March 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 0.5%, 4 bedroom homes increased by 30.3%, and 5+ bedroom homes increased by 2.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Wissinoming | $184K | $189K | +2.7% |
| Frankford | $137.7K | $140K | +1.6% |
| Mayfair | $243K | $245K | +0.8% |
| Near Northeast Philadelphia | $221.8K | $219.9K | -0.8% |
| Tacony | $192K | $190K | -1.0% |
Housing Supply in Wissinoming, PA
How many homes are available in Wissinoming, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 118 | 123 | +4.2% |
Summary: The Wissinoming real estate market had 123 homes for sale in March 2024, a 4.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 13 | 13 | 0.0% |
| 3 Bedrooms | 87 | 92 | +5.7% |
| 4 Bedrooms | 14 | 14 | 0.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Wissinoming housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 5.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 10 | +66.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wissinoming, you could pay more than the asking price. 40% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Wissinoming in March 2024, up by 66.7% month-over-month. Of the 10 sold homes, 30% were sold under asking, 30% were sold at asking, and 40% were sold over asking.
Days on Market for Wissinoming, PA
How long does it take to sell a home in Wissinoming, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 52 Days | 23 Days | -55.9% |
Summary: Homes in Wissinoming had an average of 23 days on market in Mar 2024, down by 55.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Wissinoming are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 10 homes were sold in Wissinoming; 60% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
