$3,086 Closing Credit*
$259,900
2,624 SqFt
3 Beds
•1 Full Bath, 1 Partial
Hongxue Lin, Listing Office: Home Vista Realty
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 October 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
$228,718
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$9,284(+4.2%)
Key Takeaway
Homes in Near Northeast Philadelphia have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in Near Northeast Philadelphia was $228,718 in October 2024, up 4.2% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $102.5K | $114.5K | +11.7% |
| 2 Bedrooms | $170K | $175K | +2.9% |
| 3 Bedrooms | $219.9K | $229.8K | +4.5% |
| 4 Bedrooms | $255K | $262.7K | +3.0% |
| 5+ Bedrooms | $272.5K | $320K | +17.4% |
Summary: Near Northeast Philadelphia housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.7%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 17.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Oxford Circle | $225K | $240K | +6.7% |
| Wissinoming | $184.9K | $195K | +5.4% |
| Lexington Park | $315K | $330K | +4.8% |
| Near Northeast Philadelphia | $219.4K | $228.7K | +4.2% |
| Mayfair | $239.3K | $249K | +4.0% |
Housing Supply in Near Northeast Philadelphia, PA
How many homes are available in Near Northeast Philadelphia, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 677 | 767 | +13.3% |
Summary: The Near Northeast Philadelphia real estate market had 767 homes for sale in October 2024, a 13.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 5 | +150.0% |
| 2 Bedrooms | 54 | 66 | +22.2% |
| 3 Bedrooms | 526 | 583 | +10.8% |
| 4 Bedrooms | 71 | 90 | +26.8% |
| 5+ Bedrooms | 24 | 23 | -4.2% |
Summary: The Near Northeast Philadelphia housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 26.8%, and 5+ bedroom homes decreased by 4.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 160 | 164 | +2.5% |
Asking Price vs. Sold Price
66 Homes Were Sold
Under Asking
42 Homes Were Sold
At Asking
56 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. 40.2% of homes here sold below asking price last month.
Summary: A total of 164 homes were sold or pending in Near Northeast Philadelphia in October 2024, up by 2.5% month-over-month. Of the 164 sold homes, 40% were sold under asking, 26% were sold at asking, and 34% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 30 Days | 36 Days | +20.5% |
Summary: Homes in Near Northeast Philadelphia had an average of 36 days on market in Oct 2024, up by 20.5% compared to last year.
Breakdown of Home Sale Times
99 Homes Were Sold
Under 30 Days
48 Homes Were Sold
In 30 - 90 Days
17 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 October 2024, 164 homes were sold in Near Northeast Philadelphia; 60% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
