CENTURY21 Advantage Gold Market Report
North Wales, PA
Single-Family Homes
CENTURY 21 Advantage Gold | customercare@c21ag.com | 215-671-4701
North Wales, PA
Tue Dec 03 2024
This week the median list price for North Wales, PA is $685,000 with the market action index hovering around 60. This is an increase over last month's market action index of 52. Inventory has decreased to 7.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
Market conditions have recently resumed tightening. As the rate of home sales increases relative to the number of homes on the market, the Market Action Index increases. Even though the MAI is technically in the Seller’s zone, prices have not yet started climbing along with the changes in Market Action, but expect them to do so if the trend continues.
Real-Time Market Profile
| Median List Price | $685,000 | |
| Median Price of New Listings | $0 | |
| Per Square Foot | $246 | |
| Average Days on Market | 42 | |
| Median Days on Market | 28 | |
| Price Decreased | 57% | |
| Price Increased | 0% | |
| Relisted | 14% | |
| Inventory | 7 | |
| Median Rent | ||
| Market Action | 60 | |
| Strong Seller's Market | ||
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 |
|---|---|---|---|---|---|---|---|---|
| $1,600,000 | 4,606 | 1 - 2.5 acres | 4 | 4 | 3 | 0 | 1 | 98 |
| $969,450 | 4,363 | 0.5 - 1 acre | 4 | 3 | 24 | 0 | 1 | 38 |
| $592,375 | 2,458 | 0.25 - 0.5 acre | 4 | 2.5 | 82 | 0 | 2 | 24 |
| $382,500 | 1,370 | 0.25 - 0.5 acre | 3 | 1.3 | 86 | 0 | 1 | 35 |