Is Bridesburg / Kensington / Richmond, 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, Bridesburg / Kensington / Richmond was a Seller's Market.
Housing Prices in Bridesburg / Kensington / Richmond, PA
How much do homes in Bridesburg / Kensington / Richmond, PA cost?
Median Sold Price
$226,927
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Bridesburg / Kensington / Richmond was $226,927 in April 2024, down 3.8% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $268.5K | $345K | +28.5% |
2 Bedrooms | $209.9K | $193K | -8.1% |
3 Bedrooms | $230K | $229.6K | -0.2% |
4 Bedrooms | $470K | $387.5K | -17.6% |
5+ Bedrooms | $257.5K | $315K | +22.3% |
Summary: Bridesburg / Kensington / Richmond housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.5%, 2 bedroom homes decreased by 8.1%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes decreased by 17.6%, and 5+ bedroom homes increased by 22.3%.
Median Sold Price Compared To Nearby Neighborhoods
West Kensington | $59.5K | $74.2K | +24.8% |
Harrowgate | $91.5K | $91.5K | 0.0% |
Kensington | $279.9K | $269.5K | -3.7% |
Bridesburg / Kensington / Richmond | $235.9K | $226.9K | -3.8% |
Port Richmond | $240K | $223K | -7.1% |
Housing Supply in Bridesburg / Kensington / Richmond, PA
How many homes are available in Bridesburg / Kensington / Richmond, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
676 | 727 | +7.5% |
Summary: The Bridesburg / Kensington / Richmond real estate market had 727 homes for sale in April 2024, a 7.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 9 | -18.2% |
2 Bedrooms | 176 | 186 | +5.7% |
3 Bedrooms | 400 | 427 | +6.8% |
4 Bedrooms | 72 | 91 | +26.4% |
5+ Bedrooms | 17 | 14 | -17.6% |
Summary: The Bridesburg / Kensington / Richmond housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 18.2%, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 26.4%, and 5+ bedroom homes decreased by 17.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
121 | 78 | -35.5% |
Asking Price vs. Sold Price
42 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 78 homes were sold or pending in Bridesburg / Kensington / Richmond in April 2024, down by 35.5% month-over-month. Of the 78 sold homes, 54% were sold under asking, 32% were sold at asking, and 14% were sold over asking.
Days on Market for Bridesburg / Kensington / Richmond, PA
How long does it take to sell a home in Bridesburg / Kensington / Richmond, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
53 Days | 48 Days | -10.2% |
Summary: Homes in Bridesburg / Kensington / Richmond had an average of 48 days on market in Apr 2024, down by 10.2% compared to last year.
Breakdown of Home Sale Times
45 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Summary: During April 2024, 78 homes were sold in Bridesburg / Kensington / Richmond; 58% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.