Is Poplar, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Poplar has remained a Neutral Market.
Key Takeaway
Poplar 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 Poplar, PA
How much do homes in Poplar, PA cost?
Median Sold Price
$551,500
$301/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Poplar have sold for 51.1% more than they did a year ago.
Summary: The median home sold price in Poplar was $551,500 in May 2024, up 51.1% from last year, and the median price per square foot was $301.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $355K | $178K | -49.9% |
| 3 Bedrooms | $425K | $764.9K | +80.0% |
| 4 Bedrooms | $495K | $594K | +20.0% |
| 5+ Bedrooms | - | $401.9K | N/A |
Summary: Poplar 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 49.9%, 3 bedroom homes increased by 80%, 4 bedroom homes increased by 20%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Poplar | $365K | $551.5K | +51.1% |
| Lower North Philadelphia | $376.1K | $369.1K | -1.9% |
| Northern Liberties | $520K | $497.5K | -4.3% |
Housing Supply in Poplar, PA
How many homes are available in Poplar, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 34 | 35 | +2.9% |
Summary: The Poplar real estate market had 35 homes for sale in May 2024, a 2.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 17 | 20 | +17.6% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Poplar 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 14.3%, 3 bedroom homes increased by 17.6%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Poplar, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Poplar in May 2024, up by 25.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 60% were sold at asking, and 0% were sold over asking.
Days on Market for Poplar, PA
How long does it take to sell a home in Poplar, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 22 Days | 52 Days | +135.5% |
Summary: Homes in Poplar had an average of 52 days on market in May 2024, up by 135.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Poplar are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Poplar; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
