Single-Family Homes
Thu Apr 25 2024
This week the median list price for North Wales, PA is $910,000 with the market action index hovering around 60. This is an increase over last month's market action index of 55. Inventory has increased to 13.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Median List Price | $910,000 | |
Median Price of New Listings | $674,999 | |
Per Square Foot | $289 | |
Average Days on Market | 36 | |
Median Days on Market | 28 | |
Price Decreased | 23% | |
Price Increased | 0% | |
Relisted | 8% | |
Inventory | 13 | |
Median Rent | ||
Market Action | 60 | |
Strong Seller's Market |
The market has been strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$1,588,900 | 3,881 | 1 - 2.5 acres | 4 | 3.5 | NaN | 0 | 0 | 56 |
$1,079,000 | 5,146 | 0.5 - 1 acre | 4 | 4.5 | 21 | 1 | 0 | 28 |
$674,999 | 2,346 | 0.5 - 1 acre | 4 | 2.5 | 48 | 2 | 1 | 0 |
$497,500 | 1,691 | 0.25 - 0.5 acre | 3 | 2 | 61 | 2 | 0 | 17 |