Is Prospect Park a buyer's or seller's market right now?

Prospect Park is currently a seller's market with 0.6 months of supply. 20% of homes sell above asking price, and 33.3% go pending within two weeks. The Ridley Sell Score for Prospect Park is 58/100 (Moderate), based on 7 real-time market signals including inventory, pricing trends, and buyer demand.

What's the median home price in Prospect Park?

The median home price in Prospect Park is $360,000, up 24.6% year-over-year. The median price per square foot is $200. Homes sell in a median of 94 days with a sale-to-list ratio of 99.5%.

How much does it cost to sell a home in Prospect Park, Pennsylvania?

On a $360,000 home in Prospect Park, a traditional listing agent charges around $10,800 (3% commission). Add buyer agent commission (3%), closing costs (1–2%), and you could spend $28,800 or more. With Ridley Essentials ($999) you save $9,801, and with Ridley Pro ($3,499) you save $7,301 while getting full agent support.

How does Ridley's flat fee compare to a traditional Prospect Park agent?

A traditional Prospect Park listing agent typically charges 3% of the sale price — about $10,800 on a $360,000 home. Ridley offers two flat-fee plans: Essentials ($999) with MLS listing, marketing tools, and self-service support, or Pro ($3,499) with a dedicated licensed agent. That saves you $9,801–$7,301 compared to a traditional agent.

How long does it take to sell a home in Prospect Park?

The median home in Prospect Park currently spends 94 days on the market before going under contract, up 76% from last year. 33.3% of homes go pending within two weeks. At a 99.5% sale-to-list ratio, sellers are getting very close to or above asking price. Only 33.3% of listings see a price drop, suggesting sellers can hold firm on pricing.

Do I need a real estate agent to sell in Pennsylvania?

No. Pennsylvania does not require you to use a real estate agent to sell your home. You can sell independently (FSBO) or use a flat-fee service like Ridley that gives you MLS access, professional tools, and expert support at a fraction of the traditional commission. On a $360,000 home, that could save you up to $7,301.

What's included with Ridley Essentials and Pro?

Ridley offers two plans in Pennsylvania. Essentials ($999) includes MLS listing distribution, professional listing tools, marketing materials, and self-service support. Pro ($3,499) includes everything in Essentials plus a dedicated licensed agent partner, expert pricing consultation, offer review and negotiation support, contract and deadline management, and full closing coordination. Both save significantly vs. the traditional $10,800 commission.

National/Pennsylvania

Prospect Park, PA

Is Now a Good Time to Sell in Prospect Park, Pennsylvania?

The median home in Prospect Park sells for $360,000 with prices up 24.6% year-over-year. The average seller pays $10,800 in commissions — Ridley’s flat fee saves you $7,301.

Prospect Park Real Estate Market Conditions — April 2026

58out of 100

Ridley Sell Score

How it's scored →

Moderate

58/100

A balanced market with opportunities for well-priced homes.

What this means for sellers

The Prospect Park market is balanced — neither strongly favoring buyers nor sellers. Accurate pricing is key: overpriced homes will sit, but correctly priced listings are still moving. Watch for competing listings dropping prices — come in sharp from day one. Sellers who prepare well can still achieve strong results.

Inventory TightnessFavors sellers

0.6 months of supply — well below the 5-month balanced threshold — 70% below the Pennsylvania average of 2.

Price MomentumFavors sellers

Prices up 24.6% year-over-year — vs. +13.5% statewide.

Seller LeverageFavors sellers

Homes selling at 99.5% of asking — buyers are negotiating 0.5% below list. Pennsylvania average is 97%.

Bidding ActivityNeutral

20% of homes selling above list price — 22% below the Pennsylvania average of 25.7%.

Sale SpeedFavors buyers

94 median days on market — 27 days slower than the Pennsylvania average.

Market UrgencyNeutral

33.3% of listings go pending within 2 weeks — vs. 23.7% statewide.

Price StabilityFavors buyers

33.3% of listings have dropped their price — accurate initial pricing is critical. Pennsylvania average is 15.9%.

Score based on 7 real-time market signals. Updated with latest available data.

How it works →

Median Sale Price

The midpoint price of all homes sold in the past month. Half sold for more, half for less.

$360,000

+24.6%

Days on Market

How long the typical home sits on the market before going under contract. Lower is better for sellers.

+76%

Price per Sq Ft

Average cost per square foot of living space. Useful for comparing homes of different sizes.

$200

Sale-to-List Ratio

How close homes sell to their asking price. Above 100% means bidding wars; below means negotiation room.

99.5%

Months of Supply

How long it would take to sell all current listings at the current pace. Under 3 months favors sellers; over 6 favors buyers.

0.6

Seller’s market

Competitiveness

Overall market competition based on offers per listing, days on market, and sale-to-list ratio.

Not Very Competitive

Sold Above List

Percentage of homes that sold for more than their list price.

20%

Room to negotiate

Price Drops

Percentage of active listings that had a price reduction.

33.3%

Pricing matters

Pending in 2 Weeks

Percentage of listings that went under contract within 14 days.

33.3%

Moderate pace

12-Month Price Trend

$360,000 → $360,000

$400K$350K$300K

MayJulSepNovJanMarApr

Data updated April 2026

Get AI-powered market intelligence

Personalized pricing signals, demand shifts, and Sell Score changes for Prospect Park — delivered monthly.

Your savings

How much can you save selling your home in Prospect Park?

The average Prospect Park homeowner saves $7,301 by selling with Ridley instead of paying the traditional 3% listing commission on a $360,000 home.

$0Estimated savings

That's 6 months of groceries — save 2.0% of your home value

Your Prospect Park home value

$360,000

$50,000$10M

Traditional Agent (3%)

$10,800

Ridley Pro (flat fee)

$3,499

Ready to sell in Prospect Park?

Get a personalized selling strategy with AI-powered pricing analysis

Get Your Selling Strategy

Cost comparison

How much does it cost to sell a house in Prospect Park?

The total cost to sell a house in Prospect Park in 2026 ranges from $999 with Ridley Essentials to approximately $10,800 with a traditional 3% commission on a $360,000 home.

	Traditional Agent	Best valueRidley Pro	Ridley Essentials	FSBO
Listing fee	$10,800	$3,499	$999	$0
Buyer agent	$10,0802.8% avg	$7,200~2% avg	$7,200~2% avg	$10,0802.8% avg
Closing costs (~1.5%)	$5,400	$5,400	$5,400	$5,400
Total cost	$26,280	$16,099	$13,599	$15,480
Net proceeds	$333,720	$343,901	$346,401	$344,520
You save	—	$10,181	$12,681	$10,800No support