CENTURY21 Advantage Gold Market Report
North Wales, PA
Single-Family Homes
CENTURY 21 Advantage Gold | customercare@c21ag.com | 215-671-4701
North Wales, PA
Sat Nov 23 2024
This week the median list price for North Wales, PA is $737,000 with the market action index hovering around 58. This is an increase over last month's market action index of 53. Inventory has held steady at or around 10.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
Real-Time Market Profile
| Median List Price | $737,000 | |
| Median Price of New Listings | $560,000 | |
| Per Square Foot | $242 | |
| Average Days on Market | 45 | |
| Median Days on Market | 32 | |
| Price Decreased | 50% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 10 | |
| Median Rent | ||
| Market Action | 58 | |
| Strong Seller's Market | ||
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 are tending to get 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 |
|---|---|---|---|---|---|---|---|---|
| $1,395,000 | 4,785 | 1 - 2.5 acres | 4 | 3.8 | 13 | 0 | 1 | 45 |
| $1,012,499 | 4,906 | 0.5 - 1 acre | 4 | 5 | 21 | 0 | 2 | 31 |
| $685,000 | 2,987 | 0.25 - 0.5 acre | 4 | 2.5 | 24 | 0 | 1 | 42 |
| $499,750 | 1,929 | 0.25 - 0.5 acre | 3 | 2.5 | 69 | 1 | 2 | 14 |