$6,056 Closing Credit*
$510,000
1,203 SqFt
2 Beds
•2 Full Baths
Patrick M Conway, Listing Office: BHHS Fox & Roach-Center City Walnut
Is Olde 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, Olde City was a Seller's Market.
Key Takeaway
Olde City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Olde City, PA
How much do homes in Olde City, PA cost?
Median Sold Price
$370,000
$373/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,000(+5.7%)
Key Takeaway
Homes in Olde City have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in Olde City was $370,000 in November 2024, up 5.7% from last year, and the median price per square foot was $373.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $299.9K | $290K | -3.3% |
| 2 Bedrooms | $389.5K | $475.9K | +22.2% |
| 3 Bedrooms | $850K | $770K | -9.4% |
| 4 Bedrooms | $1.6M | $1.1M | -27.0% |
| 5+ Bedrooms | - | $1.9M | N/A |
Summary: Olde City housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.3%, 2 bedroom homes increased by 22.2%, 3 bedroom homes decreased by 9.4%, 4 bedroom homes decreased by 27%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Olde City | $350K | $370K | +5.7% |
| Center City | $479.3K | $489.4K | +2.1% |
| Penn's Landing | $315K | $305.5K | -3.0% |
Housing Supply in Olde City, PA
How many homes are available in Olde City, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 61 | 63 | +3.3% |
Summary: The Olde City real estate market had 63 homes for sale in November 2024, a 3.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 22 | 21 | -4.5% |
| 2 Bedrooms | 20 | 18 | -10.0% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 9 | 13 | +44.4% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Olde City housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 4.5%, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Olde City, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Olde City in November 2024, up by 20.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Olde City, PA
How long does it take to sell a home in Olde City, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 145 Days | 53 Days | -63.2% |
Summary: Homes in Olde City had an average of 53 days on market in Nov 2024, down by 63.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Olde City are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in Olde City; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
