CENTURY21 Advantage Gold Market Report
Dresher, PA
Single-Family Homes
CENTURY 21 Advantage Gold | customercare@c21ag.com | 215-671-4701
Dresher, PA
Thu Nov 21 2024
This week the median list price for Dresher, PA is $649,500 with the market action index hovering around 37. This is less than last month's market action index of 44. Inventory has decreased to 4.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.
Real-Time Market Profile
| Median List Price | $649,500 | |
| Median Price of New Listings | $0 | |
| Per Square Foot | $207 | |
| Average Days on Market | 63 | |
| Median Days on Market | 35 | |
| Price Decreased | 75% | |
| Price Increased | 0% | |
| Relisted | 25% | |
| Inventory | 4 | |
| Median Rent | ||
| Market Action | 37 | |
| Slight Seller's Advantage | ||
We’re seeing fairly unusual market conditions as prices have been in a downward trend but price per square foot is actually increasing. (Buyers are paying less and getting less home for their money.) Anomalies like these can be attributed to micro-location variables.
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 |
|---|---|---|---|---|---|---|---|---|
| $875,000 | 3,330 | 0.5 - 1 acre | 5 | 3.5 | 33 | 0 | 1 | 35 |
| $699,000 | 4,464 | 1 - 2.5 acres | 4 | 1.5 | 154 | 0 | 0 | 28 |
| $600,000 | 3,362 | 0.25 - 0.5 acre | 4 | 2.5 | 53 | 0 | 1 | 154 |
| $599,900 | 2,538 | 0.25 - 0.5 acre | 4 | 2.5 | 58 | 0 | 0 | 35 |