To say last year was a crazy one for the residential real estate market in Pennsylvania would be an understatement. Especially considering most real estate sales in Pennsylvania were prohibited for a period of time due to Gov. Tom Wolf’s COVID-19 shutdown of non-essential businesses.
Once the shutdown ended, real estate sales were reportedly off the charts, with more houses selling than in recent years and sales closing at a faster rate. And those two things haven’t slowed down.
To give you a small snapshot, the Greater Harrisburg Association of Relators released its December number for its coverage area of Dauphin, Cumberland and Perry Counties. In December 2020, there were 744 houses sold compared to 611 home in December 2019. The average home sold in that area was for $237,350, about $22k more than the previous December. And the average number of days that a house stayed on the market in December 2020 was 26 days compared to 46 days the previous year.
With such a competitive market, sometimes buyers have to go above the asking price to purchase a house.
The list below shows 17 times that houses sold for at least $110K over the asking price last year in Pennsylvania, according to our friends at Zillow.
Of the 17 homes, 14 are located in the Philadelphia area, with five in Montgomery County, three in Bucks County, two in Philadelphia County and two in Chester.
Here are 17 of top 2020 sales above asking price in Pennsylvania, according to the real estate company, Zillow:
17. $110,000 over the asking price
This house on Rochambeau Drive in Tredyffrin Twp., Chester County, near Malvern, sold for $785,000 on Sept. 7, an increase of $110,000 over the asking price, or 16.3 percent. The house was built in 1979.
The 3,214-square-foot house has four bedrooms and three bathrooms.
Highlights from BHHS Fox & Roach ‘s listing on Zillow:
- “The home features a gourmet kitchen with custom cabinets, a gas cooktop, a subzero refrigerator, and double ovens.”
- “The open floor plan contains a formal living room with a wood-burning fireplace, a formal dining area, and spacious office with built in custom shelves.”
- “The lower level has 3 full bedrooms and a large mudroom, full bath, and a spacious family room, with room for an office area including a wood stove.”
The home values in the 19355 zip code have increased 5.9 percent over the past year and the home is valued 48 percent higher than the typical home in the 19355 zip code.
Top 2020 sales in Pa. above the asking price - The house on Church Road in Whitemarsh Township, Montgomery County, near Flourtown, sold for $909,000 on June 8, an increase of $114,000 over the asking price.
Posted by Daniel Urie - Writer on Sunday, February 7, 2021
16. $114,000 over the asking price
The house on Church Road in Whitemarsh Township, Montgomery County, near Flourtown, sold for $909,000 on June 8, an increase of $114,000 over the asking price. The house sold in 2016 for $815,000. The house was built in 1890.
The 11,300-square-foot house has 11 bedrooms and eight bathrooms.
Highlights from BHHS Fox & Roach’s listing on Zillow:
- “This large all stone manor style home overlooks Flourtown with almost 360 degree views. It sits high atop a hill accessed by a gated entrance.”
- “Large columns indoor and out really set this home apart as one of the premier estates of the area.”
- “11 bedrooms are found throughout this beautiful house as well as a gym, large mud room, multiple large dining areas and a gorgeous large fireplace in every room totaling 12.”
The home values in the19031 zip code have increased 7.6 percent over the past year and this home is valued 118.7 percent higher than the typical home in that zip code.
Top 2020 sales in Pa. above the asking price - The house on Blue School Road in Bedminster Township, Bucks County near Perkasie sold on July 20 for $715,000, a $116,000 increase or 15.9 percent increase.
Posted by Daniel Urie - Writer on Thursday, February 4, 2021
15. $116,000 over the asking price
The house on Blue School Road in Bedminster Township, Bucks County, near Perkasie, sold on July 20 for $715,000, a $116,000 or 15.9 percent increase above the asking price. On May 7, the listing price was $599,000. It was increased to $729,000 on May 12. The house was purchased in February 2020 for $400K. In 2006, it was purchased for $749,900. The house was built in 1987.
The 3,170-square-foot house has four bedrooms and three bathrooms.
House values in the 18944 zip code have increased 8.6 percent over the last year and the home is valued 93.3 percent higher than the typical home in the 18944 zip code.
14. $120,356 over asking the price
The house on Goldeneye Drive in Marshall Township, Allegheny County, near Baden, sold for $1,345,356 on Oct. 28, a $120,356 increase above the asking price or 9.8 percent. The house was built last year.
The house has four bedrooms and five bathrooms.
Highlights from Howard Hanna’s listing on Zillow:
- Custom built
- Private den
- Family room
13. $123,335 over the asking price
This house on Cornell Drive in Radnor Township, Delaware County, near Bryn Mawr, sold for $1,023,335 on Nov. 22, a $123,335 increase of the asking price or 13.7 percent.
The 4,393-square-foot house has five bedrooms and four bathrooms.
Highlights from the listing on Zillow:
- “This 5 bedroom, 3.5 bathroom, 2 office home sits exceptionally maintained and updated at the top of the hill along the cul de sac, with a private rear yard lined with mature trees, and a newer, expansive tiered deck designed to entertain parties small and large, with its illuminated steps providing ambient light for twilight and evening events.”
- “Spacious kitchen with six-seating breakfast bar ...”
- “On the lower-most level of the home, enjoy a full, finished walk-out basement with one bedroom, one full bath with walk-in shower, and living space with a full-sized bay window, perfectly suited for an au pair, guest, or in-law suite.”
Home values in the 19010 zip code have increased 7.8 percent over the past year and the home is valued 47.3 percent higher than the typical home in the 19010 zip code.
12. $125,000 over the asking price
This house on Miller Road in Spring Township, Berks County, near Sinking Spring, sold for $1,025,000 on Nov. 19, $125,000 or 13 percent above the asking price. The house was built in 2016.
This 8,141-square-foot house has five bedrooms and eight bathrooms.
Home values in the 19608 zip code have increased 6.9 percent over the past the year and this home is valued 280.9 percent higher than the typical home in 19608.
Top 2020 sales in Pa. above the asking price - This house on Aberdeen Avenue in Radnor Township, Delaware County near Wayne sold for $2,028,000 on November 19, $133,000 or 6.3 percent above the listing price.
Posted by Daniel Urie - Writer on Thursday, February 4, 2021
11. $133,000 over the asking price
This house on Aberdeen Avenue in Radnor Township, Delaware County, near Wayne, sold for $2,028,000 on November 19, $133,000 or 6.3 percent above the listing price. The house was built in 1900.
The 5,777-square-foot house has seven bedrooms and six bathrooms.
Home values in the 19087 zip code have increased 8.2 percent over the last year and this home is valued 245.6 percent higher than the typical home in the 19087 zip code.
10. $137,000 over the asking price
This house on Navajo Street in Philadelphia sold for $1,432,000 on June 9, $137,000 or 10.6 percent above the listing price. The house was purchased in 2003 for $870,000 and was built in 1960.
The 3,619-square-foot house has four bedrooms and four bathrooms.
Highlights from BHHS Fox & Roach-Chestnut Hill’s listing on Zillow:
“A coveted location - wonderfully secluded yet in the center of all things Chestnut Hill.”
“The welcoming entry hall opens to the expansive walls of picture windows, drenching the home in natural light and showcasing views of the over-sized, landscaped yard ...”
“The gracious living room is ideal for entertaining with floor to ceiling windows, custom built-ins, a wood burning fireplace and access to the garden. The adjoining elegant dining room with its own wall of windows leads into the updated eat-in kitchen.”
The home values in the 19118 zip code have increased 7.2 percent for the last year and the home is valued 119.8 percent higher than the typical home in that zip code.
The house is on Biddle Woods near Wyndmoor, Pa. (Ellen Nalle Hass, Kurfiss Sotheby's International Realty)
9. $145,000 over the asking price
This house on Biddle Woods Road in Springfield Township, Montgomery County, near Wyndmoor, sold for $1,140,000 on Nov. 30, an increase of $145,000 over the asking price or 14.6 percent. The house was purchased in 1999 for $765,000 and was built in 1989.
The 4,197-square-foot house has four bedrooms and four bathrooms.
Home values in the 19038 zip code have increased 7.9 percent over the last year. This home is valued 231.8 percent higher than the typical home in that zip code.
8. $150,000 over the asking price
This house on Argyle Road in Easttown Township, Chester County, near Berwyn, sold for $1,250,000 on Sept. 1, an increase of $150,000 or 13.6 percent above the asking price. The house was purchased for $775,000 in 2003 and was built in 1969.
The 3,388-square-feet house has three bedrooms and three bathrooms.
Highlights from the listing from BHHS Fox & Roach-Haverford on Zillow:
- “This property exudes timeless character and reflects the meticulous care of the current owners.”
- “The entrances to the home have been beautifully designed with Pennsylvania flagstone hardscaping and landscaping.”
- “The living room is a gracious entertaining space with wood-burning fireplace, framed raised paneling, and built in display cabinets.”
- “A large, open family room extends across the back of the house with doors and windows facing the flagstone patio, surrounding gardens, and large, private backyard. This room invites you in with its high-beamed ceiling, wood-burning fireplace, beautiful mantle and hearth, hardwood floors, and lots of space for seating, eating area, and play area.”
The home values in the 19312 zip code have increased eight percent over the past year. This home is valued 82.5 percent higher than the typical home in that zip code.
This house is on Cumberland Circle near Ivyland, Pa. (Joseph Bograd, Joseph Bograd Team, Remax)
7. $150,100 over the asking price
The house on Cumberland Circle in Northampton Township, Bucks County, near Ivyland, sold for $1,650,000, on Oct. 14 at $150,100 above the asking price or 10 percent. The house was built in 2016. The house was purchased in 2016 for $1,106,352.
The 5,659-square-foot house has five bedrooms and five bathrooms.
Highlights from Remax’s listing on Zillow:
- “The beautiful open foyer is breathtaking featuring custom tile work flooring in between two beautiful turning staircases leading to the second floor, gorgeous centerpiece light fixture, custom moldings; 2 walk in coat closets and 2 addtl storage closets.”
- Floor to ceiling giant windows that overlook the fenced in backyard.
- “Great Room/Family Room which provides walk out access to the back yard, exposed beams, recessed lighting, beautiful hanging light fixtures, floor to ceiling custom stone fireplace, hardwood flooring and giant windows which surround this gorgeous room.”
The home values in the 18974 zip code have increased 8.7 percent over the past 12 months. This home is valued 348.7 percent higher than the typical home in the 18974 zip code.
6. $151,000 over the asking price
The house on Medford Road, Lower Merion Township, Montgomery County, near Wynnewood, sold for $950,000, an increase of $151,000, or an 18.8 percent increase over the asking price. The house was built in 1940.
The 3,021-square-foot house has six bedrooms and five bathrooms.
Highlights from BHHS Fox & Roach-Rosemont’s listing on Zillow:
- “Authentic and charming features include a fireside living room, deep-silled windows, quality millwork and wood floors.”
- The second floor has four bedrooms and three full bathrooms.
- The third floor has two additional bedrooms and a hall bathroom.
- “Outdoor spaces include a delightful screened-in porch and a large and level rear yard with colorful landscaping.”
The home values in the 19096 zip code have increased 5.4 percent over the last year and this home is valued 59.1 percent higher than the typical home in the 19096 zip code.
5. $175,000 over the asking price
The house on Brentwood Road, Lower Merion Township, Montgomery County, near Bala Cynwyd, sold for $1,175,000 on July 29, a $175,000 increase or a 17.5 percent increase over the asking price. The house was built in 1955. The building was purchased in 2000 for $425,000.
The 3,929-square-foot house has five bedrooms and three bathrooms.
Highlights from BHHS Fox & Roach-Haverford’s listing on Remax:
- “The large professionally landscaped property is lush and beautiful, with exquisite greenery, trees and plantings front and back, affording pretty views from both levels of the house.”
- “Inside beyond a covered entry, the open floor plan with striking 18-foot ceilings and unique custom wooden beams sets a tone of elegance.”
- “A full custom renovation of the entire residence included expansion to create the great room, as well as the stunning living room, master bedroom suite, 3rd floor bedroom, and updating of all modern bathrooms.”
- “Finishes used throughout are high-end and luxurious.”
- “The pool was totally restored in 2012, with a new hardscaped patio built around it, allowing for indoor-outdoor living at its finest.”
Home values in the 19004 zip code have increased 7.1 percent over the past year and this home is valued 112.1 percent higher than the typical home in the 19004 zip code.
4. $200,000 over the asking price
This house on Gulph Creek Drive in Upper Manor Township, Montgomery County, near Radnor, sold for $1,350,000 on May 28. It was listed for $1,150,000, a $200,000 increase or a 17.4 increase. The house was built in 1996 and was purchased in 2012 for $805,000.
The 7,239 square foot house has five bedrooms and five bathrooms.
Highlights from Kurfiss Sotheby International Realty’s listing on Remax:
- “Rarely does a such a thoughtfully designed, completely renovated home become available, offering an unparalleled creative flair, stunning materials and finishes throughout and every amenity for the most discerning buyer.”
- “Features include high ceilings with beautiful moldings and millwork, large bright windows, a wonderful open floor plan, wide casement openings with breathtaking views of the beautiful grounds terrace and pool”
- “An incredible designer gourmet chef’s kitchen, gracious Living Room, spacious Library, glass walled Dining Area with private views, a luxurious Master Suite with Sitting Room, fabulous Master Bath, spacious walk-in closets and more, 3 additional bedroom suites, each with their own newly renovated Bathroom”
- “Incredible finished Lower Level with recreation and media space as well as a Four Seasons-style glass enclosed wine room!”
Home values in the 19087 zip code have increased 8.2 percent over the past 12 months and this home is valued 130.1 percent higher than the typical home in the 19087 zip code.
This house on Seventeenth Street in Philadelphia was sold on Nov. 18. It was listed for $1,050,000 and sold for sold for $1,325,000, a $275,000 increase or a 26.2% increase over its asking price.
Posted by Daniel Urie - Writer on Thursday, February 4, 2021
3. $275,000 over the asking price
This house on Seventeenth Street in Philadelphia sold for $1,325,000 on Nov. 18. It was listed for $1,050,000, a $275,000 increase or a 26.2% increase. The house was built in 2008.
The 3,300-square-foot house has three bedrooms and four bathrooms.
The home values in the 19130 zip code have increased 3.8 percent over the past year. This home is valued 216.3 percent higher than the typical home in 19130.
2. $260,000 over the asking price
The home on Hardscrabble Lane in East Buffalo Township, near Lewisburg, Union County, sold for $1,760,000 on Nov. 17. It was listed for $1,500,000, a $260,000 or a 17.3 percent increase. The house was previously listed for $2,800,000 million in 2019. The house was built in 1976 and was previously purchased in 2012 for $1.4 million.
The 8,170-square-foot house has five bedrooms and six bathrooms.
Highlights from Villager Realty Inc.’s listing on Zillow:
- “This home is a gorgeous, 4 BR 4 1/2 bath quality built home with extras galore! over 7400 sq. ft on first floor.”
- " Huge Living room, large den or family room, spacious kitchen with large adjoining breakfast room, and Dining room.”
- “A prestigious one of a kind Lewisburg home!! gorgeous landscaping and open space on 11+A. lot.”
1. $465,000 over the asking price
The home on River Road in Solebury Township, Bucks County, near New Hope, was sold for $4,060,000 on July 14. It was listed for $3,595,000, a $465,000 or a 12.9 percent increase over the asking price. In 2019, the house was once listed for $5.2 million. It was built in 1820.
The 7,225-square-foot home has five bedrooms and five bathrooms.
Highlights from Kurfiss Sotheby’s International Realty’s listing on Zillow:
- “... a portion of the original Penn’s Grant has survived intact along with the ultimate Bucks County Stone House, magnificently preserved and enhanced with the finest quality of construction and mechanical components available. "
- “Stone walls, lush gardens, blue stone terraces and covered porches overlook meadows and sweeping lawn down to the stone bank barn”
- “Sparkling in the sun, the pool and spa grace the barnyard, fenced by stone and iron gates.”
Home values in 18938 zip code have increased 7 percent over the past year. The typical Zillow sale estimates for this zip code is $664,172.
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