$6,502 Closing Credit*
$547,500
2,500 SqFt
3 Beds
•2 Full Baths, 1 Partial
Matthew Greene, Listing Office: Coldwell Banker Realty
Is Northern Liberties, 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, Northern Liberties was a Seller's Market.
Key Takeaway
Northern Liberties is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Northern Liberties, PA
How much do homes in Northern Liberties, PA cost?
Median Sold Price
$527,500
$314/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$19,050(+3.7%)
Key Takeaway
Homes in Northern Liberties have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in Northern Liberties was $527,500 in November 2024, up 3.7% from last year, and the median price per square foot was $314.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $305K | $315K | +3.3% |
| 2 Bedrooms | $450K | $455K | +1.1% |
| 3 Bedrooms | $631.7K | $581.2K | -8.0% |
| 4 Bedrooms | $697.5K | $800K | +14.7% |
| 5+ Bedrooms | $1.0M | $1.0M | -3.1% |
Summary: Northern Liberties housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.3%, 2 bedroom homes increased by 1.1%, 3 bedroom homes decreased by 8%, 4 bedroom homes increased by 14.7%, and 5+ bedroom homes decreased by 3.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Northern Liberties | $508.4K | $527.5K | +3.7% |
| Fishtown | $423.1K | $428.3K | +1.2% |
| Olde Kensington | $505K | $443.7K | -12.1% |
Housing Supply in Northern Liberties, PA
How many homes are available in Northern Liberties, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 105 | 100 | -4.8% |
Summary: The Northern Liberties real estate market had 100 homes for sale in November 2024, a 4.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 17 | 12 | -29.4% |
| 2 Bedrooms | 33 | 32 | -3.0% |
| 3 Bedrooms | 36 | 35 | -2.8% |
| 4 Bedrooms | 14 | 16 | +14.3% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Northern Liberties housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 29.4%, 2 bedroom homes decreased by 3%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 13 | -13.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Northern Liberties, you may be able to get a good deal. 69.2% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Northern Liberties in November 2024, down by 13.3% month-over-month. Of the 13 sold homes, 69% were sold under asking, 23% were sold at asking, and 8% were sold over asking.
Days on Market for Northern Liberties, PA
How long does it take to sell a home in Northern Liberties, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 42 Days | 76 Days | +78.2% |
Summary: Homes in Northern Liberties had an average of 76 days on market in Nov 2024, up by 78.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Northern Liberties are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 13 homes were sold in Northern Liberties; 54% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
