CENTURY21 Advantage Gold Market Report
Ferndale, PA
Single-Family Homes
CENTURY 21 Advantage Gold | customercare@c21ag.com | 215-671-4701
Ferndale, PA
Fri Apr 19 2024
This week the median list price for Ferndale, PA is $639,793 with the market action index hovering around 18. This is about the same as last month's market action index of 18. Inventory has increased to 3.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.
Real-Time Market Profile
| Median List Price | $639,793 | |
| Median Price of New Listings | $109,900 | |
| Per Square Foot | $262 | |
| Average Days on Market | 82 | |
| Median Days on Market | 119 | |
| Price Decreased | 0% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 3 | |
| Median Rent | ||
| Market Action | 18 | |
| Slight Buyer's Advantage | ||
While prices have been basically flat, the price per square foot has been heading downward. While not a sign of broad strength in a market, larger homes are coming more available and buyers can see more home for their money.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| $648,783 | 0 | 0.5 - 1 acre | 3 | 2.5 | NaN | 0 | 0 | 126 |
| $639,793 | 1,384 | 0.5 - 1 acre | 3 | 2 | NaN | 0 | 0 | 119 |
| $109,900 | 1,752 | 1 - 2.5 acres | 4 | 1.5 | 75 | 1 | 0 | 0 |