CENTURY21 Advantage Gold Market Report
Richboro, PA
Single-Family Homes
CENTURY 21 Advantage Gold | customercare@c21ag.com | 215-671-4701
Richboro, PA
Wed Apr 17 2024
This week the median list price for Richboro, PA is $741,200 with the market action index hovering around 38. This is an increase over last month's market action index of 35. Inventory has decreased to 6.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices
Real-Time Market Profile
| Median List Price | $741,200 | |
| Median Price of New Listings | $581,450 | |
| Per Square Foot | $306 | |
| Average Days on Market | 85 | |
| Median Days on Market | 21 | |
| Price Decreased | 33% | |
| Price Increased | 0% | |
| Relisted | 17% | |
| Inventory | 6 | |
| Median Rent | ||
| Market Action | 38 | |
| Slight Seller's Advantage | ||
In a market where prices are rising fairly consistently, price per square foot is essentially flat. This often implies that new homes coming on the market are pricier, and also larger than older homes. As a result the value one can buy stays the same.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,295,000 | 3,800 | 0.5 - 1 acre | 4 | 2.5 | 0 | 0 | 0 | 28 |
| $1,275,000 | 4,675 | 1 - 2.5 acres | 4 | 3.5 | 0 | 0 | 0 | 140 |
| $741,200 | 2,591 | 1 - 2.5 acres | 3 | 2 | 86 | 1 | 2 | 164 |
| $557,500 | 1,900 | 0.5 - 1 acre | 4 | 2.3 | 59 | 1 | 0 | 7 |