$3,313 Closing Credit*
$279,000
2,060 SqFt
4 Beds
•2 Full Baths
Joseph Murtha, Listing Office: North Star Real Estate & Property Management
Is Philadelphia, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Philadelphia has remained a Seller's Market.
Key Takeaway
Philadelphia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Philadelphia, NY
How much do homes in Philadelphia, NY cost?
Median Sold Price
$220,000
$104/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$49,500(+29.0%)
Key Takeaway
Homes in Philadelphia have sold for 29% more than they did a year ago.
Summary: The median home sold price in Philadelphia was $220,000 in November 2024, up 29% from last year, and the median price per square foot was $104.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $265K | - | N/A |
| 2 Bedrooms | $141K | - | N/A |
| 3 Bedrooms | $190.5K | $165K | -13.4% |
| 4 Bedrooms | $219.1K | $235K | +7.2% |
| 5+ Bedrooms | $154.9K | $229K | +47.8% |
Summary: Philadelphia housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 13.4%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 47.8%.
Housing Supply in Philadelphia, NY
How many homes are available in Philadelphia, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 11 | 0.0% |
Summary: The Philadelphia real estate market had 11 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Philadelphia housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Philadelphia, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Philadelphia in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Philadelphia, NY
How long does it take to sell a home in Philadelphia, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 8 Days | 41 Days | +418.8% |
Summary: Homes in Philadelphia had an average of 41 days on market in Nov 2024, up by 418.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Philadelphia are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Philadelphia; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
