CENTURY21 Advantage Gold Market Report
Bristol, PA
Single-Family Homes
CENTURY 21 Advantage Gold | customercare@c21ag.com | 215-671-4701
Bristol, PA
Fri Nov 22 2024
This week the median list price for Bristol, PA is $357,499 with the market action index hovering around 70. This is an increase over last month's market action index of 69. Inventory has decreased to 12.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.
Real-Time Market Profile
| Median List Price | $357,499 | |
| Median Price of New Listings | $349,000 | |
| Per Square Foot | $274 | |
| Average Days on Market | 56 | |
| Median Days on Market | 49 | |
| Price Decreased | 50% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 12 | |
| Median Rent | ||
| Market Action | 70 | |
| Strong Seller's Market | ||
We’re seeing fairly unusual market conditions as prices have been in a downward trend but price per square foot is actually increasing. (Buyers are paying less and getting less home for their money.) Anomalies like these can be attributed to micro-location variables.
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 |
|---|---|---|---|---|---|---|---|---|
| $409,000 | 1,700 | 4,500 - 6,500 sqft | 4 | 2 | 89 | 0 | 1 | 49 |
| $364,900 | 1,268 | 0 - 4,500 sqft | 3 | 1 | 59 | 0 | 0 | 14 |
| $352,800 | 1,344 | 0 - 4,500 sqft | 3 | 2 | 123 | 1 | 1 | 63 |
| $289,900 | 1,327 | 6,500 - 8,000 sqft | 3 | 1.5 | 73 | 0 | 1 | 14 |