$5,807 Closing Credit*
$489,000
1,250 SqFt
Christian Russo, Listing Office: KW Empower
Is Point Breeze, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Point Breeze was a Seller's Market.
Key Takeaway
Point Breeze is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Point Breeze, PA
How much do homes in Point Breeze, PA cost?
Median Sold Price
$335,000
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,000(+1.5%)
Key Takeaway
Homes in Point Breeze have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in Point Breeze was $335,000 in October 2024, up 1.5% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $232.5K | $223.7K | -3.8% |
| 2 Bedrooms | $283.5K | $299K | +5.5% |
| 3 Bedrooms | $370K | $340K | -8.1% |
| 4 Bedrooms | $420K | $440K | +4.8% |
| 5+ Bedrooms | $326.2K | $589.9K | +80.8% |
Summary: Point Breeze housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.8%, 2 bedroom homes increased by 5.5%, 3 bedroom homes decreased by 8.1%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 80.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Passayunk Square | $400K | $416.2K | +4.1% |
| South Philadelphia | $342.2K | $349.9K | +2.3% |
| Point Breeze | $330K | $335K | +1.5% |
| Schuylkill / Graduate Hospital | $601K | $605K | +0.7% |
Housing Supply in Point Breeze, PA
How many homes are available in Point Breeze, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 184 | 200 | +8.7% |
Summary: The Point Breeze real estate market had 200 homes for sale in October 2024, a 8.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 4 | -33.3% |
| 2 Bedrooms | 43 | 52 | +20.9% |
| 3 Bedrooms | 99 | 105 | +6.1% |
| 4 Bedrooms | 31 | 34 | +9.7% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Point Breeze housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 20.9%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 33 | +57.1% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Point Breeze, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 33 homes were sold or pending in Point Breeze in October 2024, up by 57.1% month-over-month. Of the 33 sold homes, 55% were sold under asking, 27% were sold at asking, and 18% were sold over asking.
Days on Market for Point Breeze, PA
How long does it take to sell a home in Point Breeze, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 56 Days | 41 Days | -26.1% |
Summary: Homes in Point Breeze had an average of 41 days on market in Oct 2024, down by 26.1% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Point Breeze are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 33 homes were sold in Point Breeze; 55% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
