$1,366 Closing Credit*
$115,000
1,440 SqFt
3 Beds
•1 Full Bath
Kenneth Charles Prause, Listing Office: Opus Elite Real Estate
Is Near Northeast Philadelphia, 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, Near Northeast Philadelphia has remained a Seller's Market.
Key Takeaway
Near Northeast Philadelphia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Near Northeast Philadelphia, PA
How much do homes in Near Northeast Philadelphia, PA cost?
Median Sold Price
$230,000
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$11,175(+5.1%)
Key Takeaway
Homes in Near Northeast Philadelphia have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in Near Northeast Philadelphia was $230,000 in November 2024, up 5.1% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $102.5K | $114K | +11.2% |
| 2 Bedrooms | $170K | $175K | +2.9% |
| 3 Bedrooms | $219.9K | $230K | +4.5% |
| 4 Bedrooms | $255K | $264.2K | +3.6% |
| 5+ Bedrooms | $272.5K | $327.5K | +20.2% |
Summary: Near Northeast Philadelphia housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.2%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 20.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Oxford Circle | $224.9K | $243.5K | +8.2% |
| Lexington Park | $315K | $338.5K | +7.5% |
| Near Northeast Philadelphia | $218.8K | $230K | +5.1% |
| Wissinoming | $188.5K | $195K | +3.4% |
| Mayfair | $239.9K | $247.3K | +3.1% |
Housing Supply in Near Northeast Philadelphia, PA
How many homes are available in Near Northeast Philadelphia, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 727 | 718 | -1.2% |
Summary: The Near Northeast Philadelphia real estate market had 718 homes for sale in November 2024, a 1.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 8 | +60.0% |
| 2 Bedrooms | 59 | 57 | -3.4% |
| 3 Bedrooms | 560 | 559 | -0.2% |
| 4 Bedrooms | 81 | 74 | -8.6% |
| 5+ Bedrooms | 22 | 20 | -9.1% |
Summary: The Near Northeast Philadelphia housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 60%, 2 bedroom homes decreased by 3.4%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 180 | 147 | -18.3% |
Asking Price vs. Sold Price
69 Homes Were Sold
Under Asking
30 Homes Were Sold
At Asking
48 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Near Northeast Philadelphia, you may be able to get a good deal. 46.9% of homes here sold below asking price last month.
Summary: A total of 147 homes were sold or pending in Near Northeast Philadelphia in November 2024, down by 18.3% month-over-month. Of the 147 sold homes, 47% were sold under asking, 20% were sold at asking, and 33% were sold over asking.
Days on Market for Near Northeast Philadelphia, PA
How long does it take to sell a home in Near Northeast Philadelphia, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 35 Days | 27 Days | -22.9% |
Summary: Homes in Near Northeast Philadelphia had an average of 27 days on market in Nov 2024, down by 22.9% compared to last year.
Breakdown of Home Sale Times
103 Homes Were Sold
Under 30 Days
32 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Near Northeast Philadelphia are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 147 homes were sold in Near Northeast Philadelphia; 70% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
