Is Dresher, 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, Dresher has remained a Neutral Market.
Key Takeaway
Dresher is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Dresher, PA
How much do homes in Dresher, PA cost?
Median Sold Price
$565,000
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Dresher have sold for 6.5% less than they did a year ago.
Summary: The median home sold price in Dresher was $565,000 in April 2024, down 6.5% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $307.6K | $316K | +2.7% |
| 3 Bedrooms | $545K | $477.5K | -12.4% |
| 4 Bedrooms | $652.5K | $602K | -7.7% |
| 5+ Bedrooms | $863.5K | $820K | -5.0% |
Summary: Dresher 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 increased by 2.7%, 3 bedroom homes decreased by 12.4%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes decreased by 5%.
Median Sold Price Compared To Nearby Cities
| Horsham | $360K | $403K | +11.9% |
| Upper Moreland Township | $389.9K | $401.2K | +2.9% |
| Upper Dublin Township | $549.9K | $563.4K | +2.5% |
| Fort Washington | $625K | $630K | +0.8% |
| Dresher | $604.5K | $565K | -6.5% |
Housing Supply in Dresher, PA
How many homes are available in Dresher, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 17 | +30.8% |
Summary: The Dresher real estate market had 17 homes for sale in April 2024, a 30.8% 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 | 3 | 4 | +33.3% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Dresher 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 33.3%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Dresher, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Dresher in April 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Dresher, PA
How long does it take to sell a home in Dresher, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 18 Days | 29 Days | +61.1% |
Summary: Homes in Dresher had an average of 29 days on market in Apr 2024, up by 61.1% compared to last year.
Breakdown of Home Sale Times
2 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 Dresher are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Dresher; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
