CENTURY21 Advantage Gold Market Report
Lafayette Hill, PA
Single-Family Homes
CENTURY 21 Advantage Gold | customercare@c21ag.com | 215-671-4701
Lafayette Hill, PA
Sun Nov 24 2024
This week the median list price for Lafayette Hill, PA is $789,900 with the market action index hovering around 44. This is less than last month's market action index of 46. Inventory has increased to 15.
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 consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.
Real-Time Market Profile
| Median List Price | $789,900 | |
| Median Price of New Listings | $789,900 | |
| Per Square Foot | $286 | |
| Average Days on Market | 38 | |
| Median Days on Market | 28 | |
| Price Decreased | 53% | |
| Price Increased | 0% | |
| Relisted | 7% | |
| Inventory | 15 | |
| Median Rent | ||
| Market Action | 44 | |
| Slight Seller's Advantage | ||
Despite recently falling prices, the price per square foot has stayed reasonably flat. This implies that there’s a portion of the market being priced at a premium. You can investigate this condition in the quartile details.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,325,000 | 4,910 | 0.5 - 1 acre | 4 | 3.5 | 59 | 0 | 0 | 49 |
| $844,000 | 3,079 | 0.5 - 1 acre | 4 | 2.5 | 31 | 1 | 0 | 49 |
| $772,450 | 2,248 | 0.25 - 0.5 acre | 4 | 2.8 | 66 | 1 | 0 | 17 |
| $607,500 | 2,119 | 0.25 - 0.5 acre | 3 | 2.5 | 72 | 1 | 1 | 21 |