Is Swarthmore, 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, Swarthmore was a Neutral Market.
Key Takeaway
Swarthmore is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Swarthmore, PA
How much do homes in Swarthmore, PA cost?
Median Sold Price
$385,000
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Swarthmore have sold for 24.5% less than they did a year ago.
Summary: The median home sold price in Swarthmore was $385,000 in April 2024, down 24.5% from last year, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $150.5K | +15.7% |
| 2 Bedrooms | $218.5K | $230K | +5.3% |
| 3 Bedrooms | $385K | $360K | -6.5% |
| 4 Bedrooms | $745K | $711K | -4.6% |
| 5+ Bedrooms | $902K | $779.3K | -13.6% |
Summary: Swarthmore housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.7%, 2 bedroom homes increased by 5.3%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes decreased by 13.6%.
Median Sold Price Compared To Nearby Cities
| Wallingford | $342.5K | $443.5K | +29.5% |
| Nether Providence Township | $380K | $450K | +18.4% |
| Springfield Township | $414K | $450.3K | +8.8% |
| Ridley Township | $285K | $305K | +7.0% |
| Swarthmore | $510K | $385K | -24.5% |
Housing Supply in Swarthmore, PA
How many homes are available in Swarthmore, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 31 | 33 | +6.5% |
Summary: The Swarthmore real estate market had 33 homes for sale in April 2024, a 6.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 11 | 11 | 0.0% |
| 3 Bedrooms | 11 | 10 | -9.1% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Swarthmore housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Swarthmore, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Swarthmore in April 2024, up by 12.5% month-over-month. Of the 9 sold homes, 22% were sold under asking, 11% were sold at asking, and 67% were sold over asking.
Days on Market for Swarthmore, PA
How long does it take to sell a home in Swarthmore, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 4 Days | 7 Days | +55.6% |
Summary: Homes in Swarthmore had an average of 7 days on market in Apr 2024, up by 55.6% compared to last year.
Breakdown of Home Sale Times
9 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 Swarthmore are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in Swarthmore; 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.
