Is Blandon, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Blandon has remained a Seller's Market.
Key Takeaway
Blandon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Blandon, PA
How much do homes in Blandon, PA cost?
Median Sold Price
$325,000
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Blandon have sold for 3% less than they did a year ago.
Summary: The median home sold price in Blandon was $325,000 in May 2024, down 3% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $100K | - | N/A |
| 2 Bedrooms | $164.9K | $240K | +45.5% |
| 3 Bedrooms | $260K | $280K | +7.7% |
| 4 Bedrooms | $370K | $402.5K | +8.8% |
| 5+ Bedrooms | $419.5K | $509.9K | +21.6% |
Summary: Blandon housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 45.5%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 21.6%.
Median Sold Price Compared To Nearby Cities
| Ruscombmanor Township | $317.5K | $405K | +27.6% |
| Temple | $233.5K | $250K | +7.1% |
| Ontelaunee Township | $342.3K | $359.9K | +5.1% |
| Maidencreek Township | $330K | $322.5K | -2.3% |
| Blandon | $335K | $325K | -3.0% |
Housing Supply in Blandon, PA
How many homes are available in Blandon, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 21 | +75.0% |
Summary: The Blandon real estate market had 21 homes for sale in May 2024, a 75.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 5 | 11 | +120.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 0 | 3 | +100.0% |
Summary: The Blandon housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 120%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Blandon, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Blandon in May 2024, up by 33.3% month-over-month. Of the 4 sold homes, 0% were sold under asking, 25% were sold at asking, and 75% were sold over asking.
Days on Market for Blandon, PA
How long does it take to sell a home in Blandon, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 4 Days | 8 Days | +71.9% |
Summary: Homes in Blandon had an average of 8 days on market in May 2024, up by 71.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Blandon are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Blandon; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
