Is Media, 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, Media has remained a Seller's Market.
Housing Prices in Media, PA
How much do homes in Media, PA cost?
Median Sold Price
$580,416
$253/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Media was $580,416 in April 2024, down 2% from last year, and the median price per square foot was $253.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $182K | $252.5K | +38.7% |
2 Bedrooms | $359.5K | $327.5K | -8.9% |
3 Bedrooms | $525K | $497.4K | -5.2% |
4 Bedrooms | $680.4K | $675K | -0.8% |
5+ Bedrooms | $1.0M | $935K | -9.2% |
Summary: Media housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 38.7%, 2 bedroom homes decreased by 8.9%, 3 bedroom homes decreased by 5.2%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes decreased by 9.2%.
Median Sold Price Compared To Nearby Cities
Nether Providence Township | $380K | $450K | +18.4% |
Media | $592.4K | $580.4K | -2.0% |
Upper Providence Township | $712K | $625K | -12.2% |
Housing Supply in Media, PA
How many homes are available in Media, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
89 | 108 | +21.3% |
Summary: The Media real estate market had 108 homes for sale in April 2024, a 21.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 6 | 6 | 0.0% |
3 Bedrooms | 35 | 43 | +22.9% |
4 Bedrooms | 31 | 34 | +9.7% |
5+ Bedrooms | 14 | 22 | +57.1% |
Summary: The Media 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 22.9%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 57.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 26 | +4.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in Media in April 2024, up by 4.0% month-over-month. Of the 26 sold homes, 31% were sold under asking, 19% were sold at asking, and 50% were sold over asking.
Days on Market for Media, PA
How long does it take to sell a home in Media, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
24 Days | 15 Days | -36.4% |
Summary: Homes in Media had an average of 15 days on market in Apr 2024, down by 36.4% compared to last year.
Breakdown of Home Sale Times
23 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, 26 homes were sold in Media; 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.