Is Ridley Park, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Ridley Park was a Seller's Market.
Key Takeaway
Ridley Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Ridley Park, PA
How much do homes in Ridley Park, PA cost?
Median Sold Price
$300,000
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Ridley Park have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in Ridley Park was $300,000 in April 2024, up 3.7% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $128.9K | $130K | +0.8% |
| 2 Bedrooms | $236K | $220K | -6.8% |
| 3 Bedrooms | $285K | $291K | +2.1% |
| 4 Bedrooms | $305.5K | $375K | +22.7% |
| 5+ Bedrooms | $375K | $405.5K | +8.1% |
Summary: Ridley Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.8%, 2 bedroom homes decreased by 6.8%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 22.7%, and 5+ bedroom homes increased by 8.1%.
Median Sold Price Compared To Nearby Cities
| Prospect Park | $260.5K | $280K | +7.5% |
| Ridley Township | $285K | $305K | +7.0% |
| Ridley Park | $289.2K | $300K | +3.7% |
Housing Supply in Ridley Park, PA
How many homes are available in Ridley Park, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 28 | 22 | -21.4% |
Summary: The Ridley Park real estate market had 22 homes for sale in April 2024, a 21.4% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 17 | 13 | -23.5% |
| 4 Bedrooms | 9 | 7 | -22.2% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Ridley Park housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 23.5%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 3 | -80.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ridley Park, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Ridley Park in April 2024, down by 80.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Ridley Park, PA
How long does it take to sell a home in Ridley Park, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 19 Days | 6 Days | -66.8% |
Summary: Homes in Ridley Park had an average of 6 days on market in Apr 2024, down by 66.8% compared to last year.
Breakdown of Home Sale Times
3 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 Ridley Park are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Ridley Park; 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.
