$4,144 Closing Credit*
$349,000
837 SqFt
1 Bed
•1 Full Bath
Damon C. Michels, Listing Office: KW Main Line - Narberth
Is Center City, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Center City was a Neutral 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
$489,450
$410/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,078(+2.1%)
Key Takeaway
Homes in Center City have sold for 2.1% more than they did a year ago.
Summary: The median home sold price in Center City was $489,450 in November 2024, up 2.1% from last year, and the median price per square foot was $410.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $291K | $282K | -3.1% |
| 2 Bedrooms | $500K | $500K | 0.0% |
| 3 Bedrooms | $851.5K | $862.5K | +1.3% |
| 4 Bedrooms | $1.4M | $1.3M | -6.6% |
| 5+ Bedrooms | $1.7M | $1.9M | +15.2% |
Summary: Center City housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.1%, 2 bedroom homes did not change, 3 bedroom homes increased by 1.3%, 4 bedroom homes decreased by 6.6%, and 5+ bedroom homes increased by 15.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Washington Square West | $482K | $495K | +2.7% |
| Center City | $479.3K | $489.4K | +2.1% |
Housing Supply in Center City, PA
How many homes are available in Center City, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 544 | 550 | +1.1% |
Summary: The Center City real estate market had 550 homes for sale in November 2024, a 1.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 161 | 158 | -1.9% |
| 2 Bedrooms | 182 | 183 | 0.5% |
| 3 Bedrooms | 106 | 110 | +3.8% |
| 4 Bedrooms | 65 | 72 | +10.8% |
| 5+ Bedrooms | 30 | 27 | -10.0% |
Summary: The Center City housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 1.9%, 2 bedroom homes increased by 0.5%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 65 | 55 | -15.4% |
Asking Price vs. Sold Price
41 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
9 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. 74.5% of homes here sold below asking price last month.
Summary: A total of 55 homes were sold or pending in Center City in November 2024, down by 15.4% month-over-month. Of the 55 sold homes, 75% were sold under asking, 9% were sold at asking, and 16% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 76 Days | 71 Days | -6.6% |
Summary: Homes in Center City had an average of 71 days on market in Nov 2024, down by 6.6% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
18 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 November 2024, 55 homes were sold in Center City; 40% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
