Is Ben Avon, 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, Ben Avon has remained a Seller's Market.
Key Takeaway
Ben Avon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ben Avon, PA
How much do homes in Ben Avon, PA cost?
Median Sold Price
$338,500
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Ben Avon have sold for 11.8% less than they did a year ago.
Summary: The median home sold price in Ben Avon was $338,500 in May 2024, down 11.8% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $330K | N/A |
| 3 Bedrooms | $200K | $297K | +48.5% |
| 4 Bedrooms | $370K | $350K | -5.4% |
| 5+ Bedrooms | $416.2K | $522K | +25.4% |
Summary: Ben Avon 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 did not change, 3 bedroom homes increased by 48.5%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes increased by 25.4%.
Median Sold Price Compared To Nearby Cities
| Avalon | $175K | $190K | +8.6% |
| Emsworth | $210K | $220K | +4.8% |
| Ben Avon | $384K | $338.5K | -11.8% |
Housing Supply in Ben Avon, PA
How many homes are available in Ben Avon, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 10 | +66.7% |
Summary: The Ben Avon real estate market had 10 homes for sale in May 2024, a 66.7% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 1 | 2 | +100.0% |
| 4 Bedrooms | 2 | 5 | +150.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Ben Avon 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 remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 150%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ben Avon, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Ben Avon in May 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Ben Avon, PA
How long does it take to sell a home in Ben Avon, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 18 Days | 117 Days | +552.8% |
Summary: Homes in Ben Avon had an average of 117 days on market in May 2024, up by 552.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Ben Avon are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in Ben Avon; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
