Is Blue Bell, 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, Blue Bell was a Seller's Market.
Key Takeaway
Blue Bell is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Blue Bell, PA
How much do homes in Blue Bell, PA cost?
Median Sold Price
$636,000
$244/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Blue Bell have sold for 14.3% more than they did a year ago.
Summary: The median home sold price in Blue Bell was $636,000 in April 2024, up 14.3% from last year, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $251.4K | $200K | -20.5% |
| 2 Bedrooms | $322.5K | $340K | +5.4% |
| 3 Bedrooms | $480K | $611K | +27.3% |
| 4 Bedrooms | $692.5K | $722.5K | +4.3% |
| 5+ Bedrooms | $985K | $855K | -13.2% |
Summary: Blue Bell housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.5%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 27.3%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes decreased by 13.2%.
Median Sold Price Compared To Nearby Cities
| Blue Bell | $556.5K | $636K | +14.3% |
| Plymouth Meeting | $468.7K | $516.1K | +10.1% |
| Whitpain Township | $600K | $655K | +9.2% |
| East Norriton Township | $353.5K | $353K | -0.1% |
| Lower Gwynedd Township | $772.1K | $729K | -5.6% |
Housing Supply in Blue Bell, PA
How many homes are available in Blue Bell, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 42 | 53 | +26.2% |
Summary: The Blue Bell real estate market had 53 homes for sale in April 2024, a 26.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 5 | +150.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 9 | 15 | +66.7% |
| 4 Bedrooms | 16 | 17 | +6.3% |
| 5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The Blue Bell housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 7 | -41.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Blue Bell, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Blue Bell in April 2024, down by 41.7% month-over-month. Of the 7 sold homes, 29% were sold under asking, 0% were sold at asking, and 71% were sold over asking.
Days on Market for Blue Bell, PA
How long does it take to sell a home in Blue Bell, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 16 Days | 12 Days | -24.4% |
Summary: Homes in Blue Bell had an average of 12 days on market in Apr 2024, down by 24.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Blue Bell are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 7 homes were sold in Blue Bell; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
