Is Glen Mills, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Glen Mills was a Seller's Market.
Key Takeaway
Glen Mills is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Glen Mills, PA
How much do homes in Glen Mills, PA cost?
Median Sold Price
$621,250
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Glen Mills have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in Glen Mills was $621,250 in May 2024, up 3.5% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145K | $158K | +9.0% |
| 2 Bedrooms | $321.4K | $360K | +12.0% |
| 3 Bedrooms | $530K | $552.5K | +4.2% |
| 4 Bedrooms | $677K | $803.5K | +18.7% |
| 5+ Bedrooms | $726.5K | $975K | +34.2% |
Summary: Glen Mills housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9%, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 18.7%, and 5+ bedroom homes increased by 34.2%.
Median Sold Price Compared To Nearby Cities
| Thornbury Township | $675K | $759.2K | +12.5% |
| Chester Heights | $330.5K | $360K | +8.9% |
| Glen Mills | $600.5K | $621.2K | +3.5% |
| Thornton | $784K | $747.5K | -4.7% |
Housing Supply in Glen Mills, PA
How many homes are available in Glen Mills, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 55 | 59 | +7.3% |
Summary: The Glen Mills real estate market had 59 homes for sale in May 2024, a 7.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 16 | 20 | +25.0% |
| 4 Bedrooms | 21 | 22 | +4.8% |
| 5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The Glen Mills housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 8 | -42.9% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Glen Mills, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Glen Mills in May 2024, down by 42.9% month-over-month. Of the 8 sold homes, 13% were sold under asking, 13% were sold at asking, and 75% were sold over asking.
Days on Market for Glen Mills, PA
How long does it take to sell a home in Glen Mills, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 16 Days | 13 Days | -20.7% |
Summary: Homes in Glen Mills had an average of 13 days on market in May 2024, down by 20.7% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Glen Mills are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 8 homes were sold in Glen Mills; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
