Single-Family Homes
Wed Apr 24 2024
This week the median list price for Fort Washington, PA is $789,949 with the market action index hovering around 39. This is less than last month's market action index of 47. Inventory has increased to 4.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Median List Price | $789,949 | |
Median Price of New Listings | $764,950 | |
Per Square Foot | $296 | |
Average Days on Market | 30 | |
Median Days on Market | 28 | |
Price Decreased | 50% | |
Price Increased | 0% | |
Relisted | 25% | |
Inventory | 4 | |
Median Rent | ||
Market Action | 39 | |
Slight Seller's Advantage |
The market appears to be placing an increasing premium on homes. When list prices and price per square foot consistently increase in tandem, as they’re doing now, you can often find short-term investment opportunities. Watch the Market Action Index for persistent changes as a leading indicator for these trends to flatten or drop.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$2,075,000 | 5,487 | 2.5 - 5 acres | 4 | 5 | 76 | 0 | 0 | 56 |
$799,999 | 2,538 | 6,500 - 8,000 sqft | 7 | 3 | 151 | 0 | 0 | 63 |
$779,900 | 2,847 | 0.25 - 0.5 acre | 4 | 3 | 39 | 1 | 1 | 0 |
$750,000 | 2,700 | 0.5 - 1 acre | 4 | 2.5 | 83 | 1 | 0 | 0 |