CENTURY21 Advantage Gold Market Report
Blue Bell, PA
Single-Family Homes
CENTURY 21 Advantage Gold | customercare@c21ag.com | 215-671-4701
Blue Bell, PA
Mon Apr 29 2024
This week the median list price for Blue Bell, PA is $995,000 with the market action index hovering around 50. This is an increase over last month's market action index of 49. Inventory has increased to 15.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
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 | $995,000 | |
| Median Price of New Listings | $1,032,500 | |
| Per Square Foot | $280 | |
| Average Days on Market | 54 | |
| Median Days on Market | 14 | |
| Price Decreased | 20% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 15 | |
| Median Rent | ||
| Market Action | 50 | |
| Strong Seller's Market | ||
The market’s light 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 |
|---|---|---|---|---|---|---|---|---|
| $2,233,800 | 5,340 | 1 - 2.5 acres | 5 | 4.5 | 0 | 0 | 0 | 91 |
| $1,720,250 | 3,586 | 1 - 2.5 acres | 5 | 4 | 37 | 2 | 1 | 24 |
| $862,500 | 3,346 | 0.25 - 0.5 acre | 4 | 2.5 | 36 | 1 | 0 | 10 |
| $513,500 | 2,096 | 0.25 - 0.5 acre | 3 | 2.3 | 48 | 1 | 0 | 7 |