Single-Family Homes
Sat Nov 23 2024
This week the median list price for Plymouth Meeting, PA is $877,500 with the market action index hovering around 51. This is less than last month's market action index of 55. Inventory has held steady at or around 18.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Median List Price | $877,500 | |
Median Price of New Listings | $627,000 | |
Per Square Foot | $302 | |
Average Days on Market | 68 | |
Median Days on Market | 28 | |
Price Decreased | 33% | |
Price Increased | 6% | |
Relisted | 0% | |
Inventory | 18 | |
Median Rent | ||
Market Action | 51 | |
Strong Seller's Market |
The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$1,487,500 | 5,150 | 0.5 - 1 acre | 4 | 4.3 | 10 | 0 | 0 | 28 |
$1,124,999 | 3,000 | 0.5 - 1 acre | 4 | 3 | 0 | 1 | 0 | 157 |
$829,990 | 3,152 | 0.25 - 0.5 acre | 4 | 3 | 16 | 0 | 3 | 42 |
$379,900 | 1,457 | 8,000 - 10,000 sqft | 3 | 2 | 74 | 2 | 1 | 14 |