Is Bustleton, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Bustleton was a Seller's Market.
Key Takeaway
Bustleton is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Bustleton, PA
How much do homes in Bustleton, PA cost?
Median Sold Price
$360,000
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Bustleton have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in Bustleton was $360,000 in May 2024, up 2.4% from last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $150K | -11.8% |
| 2 Bedrooms | $267.4K | $271K | +1.3% |
| 3 Bedrooms | $359.9K | $359.9K | 0.0% |
| 4 Bedrooms | $450K | $485K | +7.8% |
| 5+ Bedrooms | $572.5K | $603K | +5.3% |
Summary: Bustleton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.8%, 2 bedroom homes increased by 1.3%, 3 bedroom homes did not change, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 5.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Pennypack | $286.2K | $310K | +8.3% |
| Fox Chase | $309.9K | $325.5K | +5.0% |
| Rhawnhurst | $295K | $308.5K | +4.6% |
| Bustleton | $351.5K | $360K | +2.4% |
Housing Supply in Bustleton, PA
How many homes are available in Bustleton, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 57 | 62 | +8.8% |
Summary: The Bustleton real estate market had 62 homes for sale in May 2024, a 8.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 11 | 9 | -18.2% |
| 3 Bedrooms | 27 | 33 | +22.2% |
| 4 Bedrooms | 13 | 13 | 0.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Bustleton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 18.2%, 3 bedroom homes increased by 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 17 | 8 | -52.9% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bustleton, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Bustleton in May 2024, down by 52.9% month-over-month. Of the 8 sold homes, 63% were sold under asking, 0% were sold at asking, and 38% were sold over asking.
Days on Market for Bustleton, PA
How long does it take to sell a home in Bustleton, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 12 Days | 30 Days | +137.8% |
Summary: Homes in Bustleton had an average of 30 days on market in May 2024, up by 137.8% compared to last year.
Breakdown of Home Sale Times
7 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 Bustleton are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 8 homes were sold in Bustleton; 88% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
