Is Blue Bell, 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, Blue Bell has remained a Seller's Market.
Key Takeaway
Blue Bell is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Blue Bell, PA
How much do homes in Blue Bell, PA cost?
Median Sold Price
$642,250
$253/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Blue Bell have sold for 16.8% more than they did a year ago.
Summary: The median home sold price in Blue Bell was $642,250 in May 2024, up 16.8% from last year, and the median price per square foot was $253.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $251.4K | $252.5K | 0.4% |
| 2 Bedrooms | $333.5K | $338.5K | +1.5% |
| 3 Bedrooms | $483K | $606.7K | +25.6% |
| 4 Bedrooms | $671.5K | $731K | +8.9% |
| 5+ Bedrooms | $975K | $950K | -2.6% |
Summary: Blue Bell housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.4%, 2 bedroom homes increased by 1.5%, 3 bedroom homes increased by 25.6%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes decreased by 2.6%.
Median Sold Price Compared To Nearby Cities
| Blue Bell | $550K | $642.2K | +16.8% |
| Whitpain Township | $590K | $655K | +11.0% |
| Plymouth Meeting | $486K | $520K | +7.0% |
| East Norriton Township | $355K | $355K | 0.0% |
| Lower Gwynedd Township | $751.2K | $747.4K | -0.5% |
Housing Supply in Blue Bell, PA
How many homes are available in Blue Bell, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 54 | 60 | +11.1% |
Summary: The Blue Bell real estate market had 60 homes for sale in May 2024, a 11.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 3 | -40.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 14 | 21 | +50.0% |
| 4 Bedrooms | 20 | 17 | -15.0% |
| 5+ Bedrooms | 8 | 12 | +50.0% |
Summary: The Blue Bell housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 15%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 18 | +157.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Blue Bell, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in Blue Bell in May 2024, up by 157.1% month-over-month. Of the 18 sold homes, 33% were sold under asking, 11% were sold at asking, and 56% were sold over asking.
Days on Market for Blue Bell, PA
How long does it take to sell a home in Blue Bell, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 12 Days | 18 Days | +48.2% |
Summary: Homes in Blue Bell had an average of 18 days on market in May 2024, up by 48.2% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Blue Bell are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 18 homes were sold in Blue Bell; 83% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
