$1,890,000
0.05 Acres
Land
Jason Kleinman, Listing Office: SDG Management, LLC
Is Olde City, 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, Olde City has remained a Buyer'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
$363,750
$373/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$13,750(-3.6%)
Key Takeaway
Homes in Olde City have sold for 3.6% less than they did a year ago.
Summary: The median home sold price in Olde City was $363,750 in October 2024, down 3.6% from last year, and the median price per square foot was $373.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $300K | $290K | -3.3% |
| 2 Bedrooms | $391.2K | $467.9K | +19.6% |
| 3 Bedrooms | $850K | $777.5K | -8.5% |
| 4 Bedrooms | $1.4M | $1.5M | +7.1% |
| 5+ Bedrooms | - | $1.9M | N/A |
Summary: Olde City housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.3%, 2 bedroom homes increased by 19.6%, 3 bedroom homes decreased by 8.5%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Center City | $494K | $481.3K | -2.6% |
| Olde City | $377.5K | $363.7K | -3.6% |
| Independence Mall | $347.5K | $314.9K | -9.4% |
Housing Supply in Olde City, PA
How many homes are available in Olde City, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 64 | 66 | +3.1% |
Summary: The Olde City real estate market had 66 homes for sale in October 2024, a 3.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 21 | 25 | +19.0% |
| 2 Bedrooms | 25 | 21 | -16.0% |
| 3 Bedrooms | 10 | 9 | -10.0% |
| 4 Bedrooms | 6 | 9 | +50.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Olde City housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 19%, 2 bedroom homes decreased by 16%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Olde City, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Olde City in October 2024, down by 16.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 37 Days | 46 Days | +24.3% |
Summary: Homes in Olde City had an average of 46 days on market in Oct 2024, up by 24.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was 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 October 2024, 5 homes were sold in Olde City; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
