Is Wyncote, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Wyncote has remained a Seller's Market.
Key Takeaway
Wyncote is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wyncote, PA
How much do homes in Wyncote, PA cost?
Median Sold Price
$410,000
$186/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since April 2023.
Key Takeaway
The sold price of homes in Wyncote has remained the same since last year.
Summary: The median home sold price in Wyncote was $410,000 in April 2024, the same as last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $131.2K | $126.7K | -3.4% |
| 2 Bedrooms | $147K | $135K | -8.2% |
| 3 Bedrooms | $340K | $400K | +17.6% |
| 4 Bedrooms | $449.9K | $475K | +5.6% |
| 5+ Bedrooms | $602.5K | $575K | -4.6% |
Summary: Wyncote housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.4%, 2 bedroom homes decreased by 8.2%, 3 bedroom homes increased by 17.6%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes decreased by 4.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Elkins Park | $340K | $394.5K | +16.0% |
| Glenside | $394.5K | $425K | +7.7% |
| Wyncote | $410K | $410K | 0.0% |
Housing Supply in Wyncote, PA
How many homes are available in Wyncote, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 24 | 24 | 0.0% |
Summary: The Wyncote real estate market had 24 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Wyncote housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wyncote, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Wyncote in April 2024, up by 75.0% month-over-month. Of the 7 sold homes, 14% were sold under asking, 29% were sold at asking, and 57% were sold over asking.
Days on Market for Wyncote, PA
How long does it take to sell a home in Wyncote, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 5 Days | 26 Days | +348.8% |
Summary: Homes in Wyncote had an average of 26 days on market in Apr 2024, up by 348.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Wyncote are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 7 homes were sold in Wyncote; 86% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
