CENTURY21 Advantage Gold Market Report

Blue Bell, PA

Single-Family Homes

CENTURY 21 Advantage Gold | customercare@c21ag.com | 215-671-4701


Blue Bell, PA

Thu Nov 21 2024
This week the median list price for Blue Bell, PA is $1,109,018 with the market action index hovering around 43. This is less than last month's market action index of 46. Inventory has increased to 16. Click here to stay informed with the Blue Bell market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Blue Bell, PA

Thu Nov 21 2024
This week the median list price for Blue Bell, PA is $1,109,018 with the market action index hovering around 43. This is less than last month's market action index of 46. Inventory has increased to 16. Click here to stay informed with the Blue Bell market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Blue Bell market.
Median List Price $1,109,018
Median Price of New Listings $919,950
Per Square Foot $320
Average Days on Market 84
Median Days on Market 42
Price Decreased 19%
Price Increased 6%
Relisted 6%
Inventory 16
Median Rent
Market Action 43
Slight Seller's Advantage

The market’s downward trends are shared across both price and value. People are recently placing less value on homes (you can see the recent declines in price per square foot as evidence.) Look for significant changes in the Market Action Index as a precursor to price and value changes, possibly as inflection points for good investment opportunities.

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
$2,139,000 6,889 1 - 2.5 acres 4 5.3 0 1 0 115
$1,493,750 4,590 0.5 - 1 acre 4 4.5 0 1 0 136
$797,000 2,788 0.5 - 1 acre 4 2.5 66 0 1 56
$500,000 1,644 0.25 - 0.5 acre 3 2 67 2 0 3