Is Marconi Plaza, 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, Marconi Plaza was a Seller's Market.
Key Takeaway
Marconi Plaza is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Marconi Plaza, PA
How much do homes in Marconi Plaza, PA cost?
Median Sold Price
$285,000
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Marconi Plaza have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in Marconi Plaza was $285,000 in May 2024, up 1.8% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $255K | $235K | -7.8% |
| 3 Bedrooms | $287.5K | $290K | +0.9% |
| 4 Bedrooms | - | $332.5K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Marconi Plaza housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.8%, 3 bedroom homes increased by 0.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Marconi Plaza | $280K | $285K | +1.8% |
| South Philadelphia | $347.2K | $339.6K | -2.2% |
| East Oregon | $260K | $245K | -5.8% |
| Snyder / Passyunk West | $259.5K | $242.5K | -6.6% |
| Packer Park | $505K | $470K | -6.9% |
Housing Supply in Marconi Plaza, PA
How many homes are available in Marconi Plaza, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 18 | 0.0% |
Summary: The Marconi Plaza real estate market had 18 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 14 | 13 | -7.1% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Marconi Plaza 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 increased by 25%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Marconi Plaza, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Marconi Plaza in May 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Marconi Plaza, PA
How long does it take to sell a home in Marconi Plaza, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 92 Days | 11 Days | -88.1% |
Summary: Homes in Marconi Plaza had an average of 11 days on market in May 2024, down by 88.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Marconi Plaza are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in Marconi Plaza; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
