$3,444 Closing Credit*
$290,000
873 SqFt
1 Bed
•1 Full Bath
John J Portland, Listing Office: BHHS Fox & Roach The Harper at Rittenhouse Square
Is Avenue of the Arts, PA 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, Avenue of the Arts has remained a Buyer's Market.
Key Takeaway
Avenue of the Arts is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Avenue of the Arts, PA
How much do homes in Avenue of the Arts, PA cost?
Median Sold Price
$300,000
$346/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$4,312(+1.5%)
Key Takeaway
Homes in Avenue of the Arts have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in Avenue of the Arts was $300,000 in November 2024, up 1.5% from last year, and the median price per square foot was $346.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $265K | $271.2K | +2.4% |
| 2 Bedrooms | $379K | $422K | +11.3% |
| 3 Bedrooms | $550K | $613.7K | +11.6% |
| 4 Bedrooms | $1.2M | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Avenue of the Arts housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.4%, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 11.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Washington Square West | $482K | $495K | +2.7% |
| Center City | $479.3K | $489.4K | +2.1% |
| Avenue of the Arts | $295.6K | $300K | +1.5% |
| Rittenhouse Square East | $444.9K | $447.5K | +0.6% |
Housing Supply in Avenue of the Arts, PA
How many homes are available in Avenue of the Arts, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 27 | +3.8% |
Summary: The Avenue of the Arts real estate market had 27 homes for sale in November 2024, a 3.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 15 | +7.1% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 3 | 2 | -33.3% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Avenue of the Arts housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.1%, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Avenue of the Arts, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Avenue of the Arts in November 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Avenue of the Arts, PA
How long does it take to sell a home in Avenue of the Arts, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 9 Days | 41 Days | +355.6% |
Summary: Homes in Avenue of the Arts had an average of 41 days on market in Nov 2024, up by 355.6% 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 Avenue of the Arts are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Avenue of the Arts; 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.
