Is Plymouth Meeting, 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, Plymouth Meeting was a Seller's Market.
Housing Prices in Plymouth Meeting, PA
How much do homes in Plymouth Meeting, PA cost?
Median Sold Price
$520,000
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Plymouth Meeting was $520,000 in May 2024, up 7% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $187.4K | $210K | +12.0% |
2 Bedrooms | $276.2K | $315K | +14.0% |
3 Bedrooms | $429.5K | $493K | +14.8% |
4 Bedrooms | $535K | $581.5K | +8.7% |
5+ Bedrooms | $785K | $900K | +14.6% |
Summary: Plymouth Meeting housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12%, 2 bedroom homes increased by 14%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 14.6%.
Median Sold Price Compared To Nearby Cities
Norristown | $268.7K | $330K | +22.8% |
Whitemarsh Township | $525K | $590K | +12.4% |
Lafayette Hill | $535K | $600K | +12.2% |
Plymouth Meeting | $486K | $520K | +7.0% |
Plymouth Township | $483.2K | $500K | +3.5% |
Housing Supply in Plymouth Meeting, PA
How many homes are available in Plymouth Meeting, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
44 | 54 | +22.7% |
Summary: The Plymouth Meeting real estate market had 54 homes for sale in May 2024, a 22.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 1 | -66.7% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 17 | 22 | +29.4% |
4 Bedrooms | 16 | 22 | +37.5% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Plymouth Meeting housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 29.4%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 3 | -72.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Plymouth Meeting in May 2024, down by 72.7% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Plymouth Meeting, PA
How long does it take to sell a home in Plymouth Meeting, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
41 Days | 31 Days | -23.6% |
Summary: Homes in Plymouth Meeting had an average of 31 days on market in May 2024, down by 23.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Plymouth Meeting; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.