$7,719 Closing Credit*
$650,000
2,445 SqFt
3 Beds
•3 Full Baths
Kyle Marquis Brown, Listing Office: SERHANT PENNSYLVANIA LLC
Is Center City, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Center City has remained a Buyer's Market.
Key Takeaway
Center City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Center City, PA
How much do homes in Center City, PA cost?
Median Sold Price
$481,361
$409/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$12,638(-2.6%)
Key Takeaway
Homes in Center City have sold for 2.6% less than they did a year ago.
Summary: The median home sold price in Center City was $481,361 in October 2024, down 2.6% from last year, and the median price per square foot was $409.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $290K | $285K | -1.7% |
| 2 Bedrooms | $505K | $500K | -1.0% |
| 3 Bedrooms | $850K | $875K | +2.9% |
| 4 Bedrooms | $1.4M | $1.3M | -1.6% |
| 5+ Bedrooms | $1.3M | $2.0M | +58.7% |
Summary: Center City housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.7%, 2 bedroom homes decreased by 1%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes increased by 58.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Washington Square West | $496K | $492K | -0.8% |
| Center City | $494K | $481.3K | -2.6% |
Housing Supply in Center City, PA
How many homes are available in Center City, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 555 | 579 | +4.3% |
Summary: The Center City real estate market had 579 homes for sale in October 2024, a 4.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 161 | 168 | +4.3% |
| 2 Bedrooms | 201 | 198 | -1.5% |
| 3 Bedrooms | 106 | 113 | +6.6% |
| 4 Bedrooms | 59 | 68 | +15.3% |
| 5+ Bedrooms | 28 | 32 | +14.3% |
Summary: The Center City housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.3%, 2 bedroom homes decreased by 1.5%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 15.3%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 64 | 63 | -1.6% |
Asking Price vs. Sold Price
50 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Center City, you may be able to get a good deal. 79.4% of homes here sold below asking price last month.
Summary: A total of 63 homes were sold or pending in Center City in October 2024, down by 1.6% month-over-month. Of the 63 sold homes, 79% were sold under asking, 10% were sold at asking, and 11% were sold over asking.
Days on Market for Center City, PA
How long does it take to sell a home in Center City, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 49 Days | 55 Days | +12.1% |
Summary: Homes in Center City had an average of 55 days on market in Oct 2024, up by 12.1% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Center City are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 63 homes were sold in Center City; 49% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.
