By Jon Miller, Realtor®
Your home’s value is determined by a number of factors including the specific location, style, size, features, and condition of your home. Online home value estimates aren’t particularly accurate, unfortunately. Median sales prices and price ranges for homes like yours will help you assess the likely value range. It’s also helpful to know the temperature of the market – whether it’s a buyer’s market, seller’s market, or a balanced market. Comparing your home to recently sold homes is also helpful. There’s a link below with access to photos, prices, and details of recently sold homes in Roxborough & Manayunk.
If you’re thinking of selling your home and need additional information about your home’s value, please fill out the form at the bottom to get a free home value estimate by email.
Roxborough & Manayunk Home Values
Below you’ll find median prices and price ranges for different types of single-family homes, excluding new construction, in Roxborough & Manayunk. Where your home falls in the value range is impacted by the desirability of the specific location, square footage, property size, features such as parking and central air, and the overall condition. As a general rule, about the half of the homes in the area are worth the median value +/- 10%. For example, a 3 bedroom twin will likely be worth between about $234,000 and $286,000.
How’s the Market?
Roxborough & Manayunk have been in a moderate Seller’s Market recently. Whether an area is in a Buyer’s Market or a Seller’s Market is determined by the months of inventory (aka, the absorption rate) – the number of months it would take to sell through the homes currently on the market if no other homes go up for sale. 5-7 months of inventory is generally considered a balanced market and Roxborough/Manayunk are currently at about 4 months of inventory.
Recently Sold Homes
To determine your home’s value it’s best to compare it with similar recently sold homes. The best comparable properties are recently sold homes within the same area, the same style, have the same number of beds and baths, similar square footage, and similar features. Click here to look through the recently sold properties in Roxborough & Manayunk with no sign-in required.
How Much is Your Home Worth?
If you’re considering selling your home and need more info specific to your home, please complete the form below for a complimentary home value estimate. The estimate will be delivered to your email within 48 hours.