$299K  
The 19504 zip code market was busy in this week's report, as the number of home sales rose 12.5%, pushing the total to nine homes sold over the last 30 days. At the same time, the 19525 zip code reported 19 home sales, the highest number from all the surrounding zip codes. The median sales price rose to $262,000 over the latest reporting period for the 19504 zip code, up from $257,000.
Comments:

The population of the 19504 zip code is very affluent compared to others in Pennsylvania with a median income of $62,419 per household. It's also considered a very expensive zip code in terms of affordability with a cost of living adjustment score of 117.9. Homes in the 19504 zip code are relatively old with a median age of 34 years. Topping the list of best schools in the zip code is Washington Elementary School.
Comments:

$315K  
Sales in the 19504 zip code market remained level with eight homes sold over the past 30 days. However, the number of sellers reducing their listing price is still in the midst of a downward trend with 11 price reductions in the same time frame. All indications show that the trend may be coming to an end, meaning more price reductions over the next few weeks. The median sales price of all transactions in the 19504 zip code did not budge this week, remaining at $257,000. The 19504 zip code is a definite buyer's market, thanks to a big seven months of inventory to choose from and the flat sales.
Comments:

$799K  
The number of home sales in the 19504 zip code market jumped 100.0% to six homes over the last 30 days, exceeding the 5.7 monthly average for the last 12 months. At the same time, the 19525 zip code reported 22 home sales, the highest number from all the surrounding zip codes. The median sales price has been increasing as it hit $317,627, extending a four-week long spike. The 19504 zip code is still a strong buyer's market, in spite of the rise in prices, thanks to the availability of eight months of remaining inventory.
Comments:

$799K  
The 19504 zip code market stayed soft with three homes sold in the last 30 days, a 25.0% sales drop. In comparison, the nearby 19525 zip code had 20 sales in the same time frame, the most of all neighboring zip codes. The median sales price climbed during this period, hitting a six-month high at $432,500. With decreasing sales and the availability of 18 months of inventory, the 19504 zip code is a solid buyer's market.
Comments:

19504 is a larger than average zip code in Pennsylvania with 6,501 residents. Its population is also growing slightly faster than others at a 10-year growth rate of 23.9%. The 19504 zip code market almost exclusively consists of detached houses, accounting for 92% of the current homes in the area. Heading the list of top schools in the zip code is Washington Elementary School.
Comments:

$124K  
Sales fell to four homes sold in the 19504 zip code market over the last 30 days. Furthermore, an emerging downturn in the number of pending transactions continued, with three completed in the same period. All indications show that the trend may be coming to an end, meaning more pending transactions over the next few weeks. The median sales price rose to $395,250 over the latest reporting period for the 19504 zip code, up from $358,000. With a downward trend in contracts numbers and 13 months of inventory still left to work through, the 19504 zip code is a strong buyer's market.
Comments:

$349K  
The 19504 zip code market closed in on its 12-month sales average this week as sales shot up 150.0% to reach five homes sold over the last 30 days. At the same time, the 19525 zip code reported 22 home sales, the highest number from all the surrounding zip codes. The median sales price rose to $358,000 over the latest reporting period for the 19504 zip code, up from $300,750. Despite the uptick in sales, there are still 10 months of inventory left to work through, meaning the 19504 zip code is still a definite buyer's market.
Comments:

$358K  
With a new upward trend of new sellers listing homes, including 10 over the last 30 days, and sales that have fallen to two in that same time frame, the 19504 zip code market will be more selective. The median sales price dropped to $300,750, down from last week's $307,500. The 19504 zip code is a strong buyer's market, thanks to a big 26 months of inventory to choose from and a pullback in sales.
Comments:

$349K  
The 19504 zip code market pulled back with a 33.3% sales drop in this week's report. Overall sales numbers for the last 30 days fell below the 5.8 monthly average with four homes sold. Meanwhile, the 19525 zip code reported 23 home sales, the highest number from all the surrounding zip codes. The median sales price rose to $307,500 over the latest reporting period for the 19504 zip code, up from $266,000. With decreasing sales and the availability of 12 months of inventory, the 19504 zip code is a definite buyer's market.
Comments:
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Keller Williams Real Estate-Montgomeryville
Snapped 1 home in this area

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