Is Jenkintown, 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, Jenkintown has remained a Seller's Market.
Key Takeaway
Jenkintown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Jenkintown, PA
How much do homes in Jenkintown, PA cost?
Median Sold Price
$456,700
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Jenkintown have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in Jenkintown was $456,700 in May 2024, up 1.7% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $147.5K | $148K | 0.3% |
| 2 Bedrooms | $177.5K | $205K | +15.5% |
| 3 Bedrooms | $343.7K | $434K | +26.3% |
| 4 Bedrooms | $575K | $565K | -1.7% |
| 5+ Bedrooms | $750K | $749.9K | 0% |
Summary: Jenkintown housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.3%, 2 bedroom homes increased by 15.5%, 3 bedroom homes increased by 26.3%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Abington Township | $391.3K | $415K | +6.1% |
| Jenkintown | $449K | $456.7K | +1.7% |
Housing Supply in Jenkintown, PA
How many homes are available in Jenkintown, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 55 | 65 | +18.2% |
Summary: The Jenkintown real estate market had 65 homes for sale in May 2024, a 18.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 9 | 10 | +11.1% |
| 3 Bedrooms | 12 | 14 | +16.7% |
| 4 Bedrooms | 14 | 20 | +42.9% |
| 5+ Bedrooms | 16 | 18 | +12.5% |
Summary: The Jenkintown housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 11 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jenkintown, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Jenkintown in May 2024, the same as the previous month. Of the 11 sold homes, 36% were sold under asking, 18% were sold at asking, and 45% were sold over asking.
Days on Market for Jenkintown, PA
How long does it take to sell a home in Jenkintown, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 16 Days | 49 Days | +201.5% |
Summary: Homes in Jenkintown had an average of 49 days on market in May 2024, up by 201.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Jenkintown are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 11 homes were sold in Jenkintown; 64% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
