Is Sharon Hill, 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, Sharon Hill was a Seller's Market.
Key Takeaway
Sharon Hill is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Sharon Hill, PA
How much do homes in Sharon Hill, PA cost?
Median Sold Price
$197,500
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Sharon Hill have sold for 16.2% more than they did a year ago.
Summary: The median home sold price in Sharon Hill was $197,500 in May 2024, up 16.2% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $103K | N/A |
| 2 Bedrooms | $88K | $105K | +19.3% |
| 3 Bedrooms | $170K | $202.5K | +19.1% |
| 4 Bedrooms | $234K | $221K | -5.6% |
| 5+ Bedrooms | $193.5K | $252.5K | +30.5% |
Summary: Sharon Hill 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 19.3%, 3 bedroom homes increased by 19.1%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 30.5%.
Median Sold Price Compared To Nearby Cities
| Sharon Hill | $170K | $197.5K | +16.2% |
| Darby | $155K | $172.5K | +11.3% |
| Colwyn | $138.5K | $150K | +8.3% |
| Collingdale | $185.7K | $198.5K | +6.9% |
| Darby Township | $189K | $188.2K | -0.5% |
Housing Supply in Sharon Hill, PA
How many homes are available in Sharon Hill, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 24 | 24 | 0.0% |
Summary: The Sharon Hill real estate market had 24 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 15 | 14 | -6.7% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Sharon Hill 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 decreased by 33.3%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Sharon Hill, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Sharon Hill in May 2024, down by 42.9% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Sharon Hill, PA
How long does it take to sell a home in Sharon Hill, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 11 Days | 6 Days | -44.0% |
Summary: Homes in Sharon Hill had an average of 6 days on market in May 2024, down by 44% 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 Sharon Hill are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Sharon Hill; 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.
