Is Glen Mills, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Glen Mills has remained a Seller's Market.
Key Takeaway
Glen Mills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Glen Mills, PA
How much do homes in Glen Mills, PA cost?
Median Sold Price
$635,000
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Glen Mills have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in Glen Mills was $635,000 in April 2024, up 5.8% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $184K | $156.5K | -14.9% |
| 2 Bedrooms | $319.9K | $355K | +11.0% |
| 3 Bedrooms | $532.5K | $545K | +2.3% |
| 4 Bedrooms | $677K | $790K | +16.7% |
| 5+ Bedrooms | $718K | $975K | +35.8% |
Summary: Glen Mills housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.9%, 2 bedroom homes increased by 11%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 35.8%.
Median Sold Price Compared To Nearby Cities
| Thornbury Township | $685K | $770K | +12.4% |
| Glen Mills | $600K | $635K | +5.8% |
| Chester Heights | $352.7K | $355.9K | +0.9% |
Housing Supply in Glen Mills, PA
How many homes are available in Glen Mills, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 57 | 55 | -3.5% |
Summary: The Glen Mills real estate market had 55 homes for sale in April 2024, a 3.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 12 | 6 | -50.0% |
| 3 Bedrooms | 14 | 15 | +7.1% |
| 4 Bedrooms | 19 | 21 | +10.5% |
| 5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The Glen Mills housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 13 | -18.8% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Glen Mills, you could pay more than the asking price. 69.2% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Glen Mills in April 2024, down by 18.8% month-over-month. Of the 13 sold homes, 15% were sold under asking, 15% were sold at asking, and 69% were sold over asking.
Days on Market for Glen Mills, PA
How long does it take to sell a home in Glen Mills, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 5 Days | 7 Days | +51.6% |
Summary: Homes in Glen Mills had an average of 7 days on market in Apr 2024, up by 51.6% compared to last year.
Breakdown of Home Sale Times
13 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 Glen Mills are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 13 homes were sold in Glen Mills; 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.
