Is Wynnefield Heights, 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, Wynnefield Heights has remained a Buyer's Market.
Key Takeaway
Wynnefield Heights is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Wynnefield Heights, PA
How much do homes in Wynnefield Heights, PA cost?
Median Sold Price
$154,500
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Wynnefield Heights have sold for 1.4% less than they did a year ago.
Summary: The median home sold price in Wynnefield Heights was $154,500 in March 2024, down 1.4% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135K | $145K | +7.4% |
| 2 Bedrooms | $156.5K | $174K | +11.2% |
| 3 Bedrooms | $282.4K | $241K | -14.7% |
| 4 Bedrooms | $233.7K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Wynnefield Heights housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.4%, 2 bedroom homes increased by 11.2%, 3 bedroom homes decreased by 14.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Wynnefield Heights | $156.7K | $154.5K | -1.4% |
| Bala Cynwyd | $627K | $602K | -4.0% |
| West Philadelphia | $190K | $175.2K | -7.8% |
Housing Supply in Wynnefield Heights, PA
How many homes are available in Wynnefield Heights, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 27 | 24 | -11.1% |
Summary: The Wynnefield Heights real estate market had 24 homes for sale in March 2024, a 11.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 8 | -11.1% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 8 | 6 | -25.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Wynnefield Heights housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wynnefield Heights, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Wynnefield Heights in March 2024, down by 25.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Wynnefield Heights, PA
How long does it take to sell a home in Wynnefield Heights, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 28 Days | 47 Days | +66.1% |
Summary: Homes in Wynnefield Heights had an average of 47 days on market in Mar 2024, up by 66.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Wynnefield Heights has remained consistent over time.
Summary: During March 2024, 3 homes were sold in Wynnefield Heights; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
