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Featured local agent — Prospect Park, PA
Sarah Mitchell
Compass Real Estate · Prospect Park, PA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Prospect Park, PA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$250,250median sale price
How is the Prospect Park, PA housing market right now?
The median home sale price in Prospect Park, PA is $250,250, down 18.6% year-over-year. Homes sell in an average of 48 days with 11 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Prospect Park a buyer's or seller's market?
Prospect Park, PA is currently a buyer's market, based on 5.5 months of supply and homes selling in about 48 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
48
Average pace
Active listings
11
5.5 months supply
Sale-to-list
89.0%
Below asking
What does the Prospect Park housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $250,250 |
| Median list price | $335,000 |
| Year-over-year price change | -18.6% |
| Average days on market | 48 days |
| Active inventory | 11 listings |
| Months of supply | 5.5 months |
| Sale-to-list price ratio | 89.0% |
| Median price per sq ft | $142/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 7 |
| Listings with a price cut | 36.4% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Prospect Park by property type?
How the Prospect Park, PA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $345,000 | $141/sq ft | 1 | 62 days |
| Townhouse | $155,500 | $142/sq ft | 1 | 33 days |
Source: Redfin · Updated monthly
The Prospect Park housing market is currently classified as a buyer's market with a median sale price of $250,250. Prices have fallen 18.6% compared to last year, with homes spending an average of 48 days on market, indicating 5.5 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 4.5x provides context for how home values compare to local earning capacity.
Homes for sale in Prospect Park
There are currently 11 homes listed for sale in Prospect Park, Pennsylvania. The median listing price is $335K.
Active listings
11
Homes on market
Median list price
$335K
Avg. days on market
48
Days until sale
New this week
7
Newly listed
Who lives in Prospect Park?
Population
6,402
Median income
$65,774/yr
Median age
38 years
Owner-occupied
57.3%
College grads
23.2%
Avg commute
21.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Prospect Park?
Zillow home value
$293,943
Price-to-income
4.5x
Source: Zillow Research
What is it like to live in Prospect Park?
Prospect Park is a community of approximately 6K residents with a median age of 38 years.The median household income is $65,774, which represents a working-class community with solid middle-income opportunities. 23.2% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 57.3%, showing a blend of owner and renter-occupied properties. The average commute time is 21.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Prospect Park offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Prospect Park?
3 schools tracked · 1,868 students
The largest public schools serving Prospect Park, PA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Interboro SHS
Grades 9-12 · 1,073 students
Prospect Park Sch
Grades 1-8 · 561 students
Kindergarten Academy
Grades K · 234 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Prospect Park, PA?
Want a head-to-head view? Compare Prospect Park side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Prospect Park?
The median home sale price in Prospect Park is $250,250, down 18.6% from last year.
How long do homes stay on market in Prospect Park?
Homes typically spend 48 days on market before going under contract.
What is the median income in Prospect Park?
The median household income is $65,774 per year.
Is Prospect Park a buyer's or seller's market?
With 5.5 months of supply, Prospect Park is currently a buyer's market.
What is the Zillow home value estimate for Prospect Park?
The Zillow Home Value Index (ZHVI) for Prospect Park is $293,943, representing the typical home value in the area.
How much does a single-family home cost in Prospect Park?
The median single-family home price in Prospect Park, PA is $345,000 (about $141 per square foot).
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