Is Wynnefield, 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, Wynnefield has remained a Seller's Market.
Key Takeaway
Wynnefield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wynnefield, PA
How much do homes in Wynnefield, PA cost?
Median Sold Price
$242,500
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Wynnefield have sold for 3% less than they did a year ago.
Summary: The median home sold price in Wynnefield was $242,500 in April 2024, down 3% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $270K | N/A |
| 2 Bedrooms | $320K | - | N/A |
| 3 Bedrooms | $216.5K | $205K | -5.3% |
| 4 Bedrooms | $257.4K | $295K | +14.6% |
| 5+ Bedrooms | $361K | $344K | -4.7% |
Summary: Wynnefield 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 did not change, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 14.6%, and 5+ bedroom homes decreased by 4.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Parkside | $136.5K | $155K | +13.6% |
| Merion Station | $827K | $860K | +4.0% |
| Wynnefield | $249.9K | $242.5K | -3.0% |
| West Philadelphia | $188K | $175.1K | -6.9% |
Housing Supply in Wynnefield, PA
How many homes are available in Wynnefield, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 35 | 45 | +28.6% |
Summary: The Wynnefield real estate market had 45 homes for sale in April 2024, a 28.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 18 | 23 | +27.8% |
| 4 Bedrooms | 13 | 14 | +7.7% |
| 5+ Bedrooms | 3 | 7 | +133.3% |
Summary: The Wynnefield 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 remained the same, 3 bedroom homes increased by 27.8%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 133.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 10 | +150.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wynnefield, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 10 homes were sold or pending in Wynnefield in April 2024, up by 150.0% month-over-month. Of the 10 sold homes, 30% were sold under asking, 40% were sold at asking, and 30% were sold over asking.
Days on Market for Wynnefield, PA
How long does it take to sell a home in Wynnefield, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 12 Days | 15 Days | +23.8% |
Summary: Homes in Wynnefield had an average of 15 days on market in Apr 2024, up by 23.8% compared to last year.
Breakdown of Home Sale Times
8 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 Wynnefield are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 10 homes were sold in Wynnefield; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
