Is Drexel Hill, 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, Drexel Hill has remained a Seller's Market.
Housing Prices in Drexel Hill, PA
How much do homes in Drexel Hill, PA cost?
Median Sold Price
$299,000
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Drexel Hill was $299,000 in April 2024, up 15% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $205K | $195K | -4.9% |
3 Bedrooms | $230K | $250K | +8.7% |
4 Bedrooms | $335K | $396K | +18.2% |
5+ Bedrooms | $400K | $435K | +8.8% |
Summary: Drexel Hill 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 decreased by 4.9%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 8.8%.
Median Sold Price Compared To Nearby Cities
Drexel Hill | $260K | $299K | +15.0% |
Clifton Heights | $202.5K | $222.5K | +9.9% |
Upper Darby Township | $220K | $237.4K | +7.9% |
Upper Darby | $175K | $180K | +2.9% |
Lansdowne | $250K | $228.7K | -8.5% |
Housing Supply in Drexel Hill, PA
How many homes are available in Drexel Hill, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
73 | 72 | -1.4% |
Summary: The Drexel Hill real estate market had 72 homes for sale in April 2024, a 1.4% decrease 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 | 2 | +100.0% |
3 Bedrooms | 43 | 38 | -11.6% |
4 Bedrooms | 16 | 19 | +18.8% |
5+ Bedrooms | 13 | 13 | 0.0% |
Summary: The Drexel Hill 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 increased by 100%, 3 bedroom homes decreased by 11.6%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
29 | 24 | -17.2% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Drexel Hill in April 2024, down by 17.2% month-over-month. Of the 24 sold homes, 25% were sold under asking, 21% were sold at asking, and 54% were sold over asking.
Days on Market for Drexel Hill, PA
How long does it take to sell a home in Drexel Hill, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
18 Days | 16 Days | -12.5% |
Summary: Homes in Drexel Hill had an average of 16 days on market in Apr 2024, down by 12.5% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 24 homes were sold in Drexel Hill; 88% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.