$2,718 Closing Credit*
$228,900
884 SqFt
3 Beds
•1 Full Bath
Mariann Owens, Listing Office: RE/MAX 2000
Is Port Richmond, 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, Port Richmond has remained a Seller's Market.
Key Takeaway
Port Richmond is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Port Richmond, PA
How much do homes in Port Richmond, PA cost?
Median Sold Price
$235,000
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$26,050(+12.5%)
Key Takeaway
Homes in Port Richmond have sold for 12.5% more than they did a year ago.
Summary: The median home sold price in Port Richmond was $235,000 in October 2024, up 12.5% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $187.5K | $203K | +8.3% |
| 2 Bedrooms | $185K | $195.5K | +5.7% |
| 3 Bedrooms | $225K | $257K | +14.2% |
| 4 Bedrooms | $374.9K | $365K | -2.7% |
| 5+ Bedrooms | $190K | $262.5K | +38.2% |
Summary: Port Richmond housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 14.2%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes increased by 38.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Bridesburg | $206K | $252K | +22.3% |
| Port Richmond | $208.9K | $235K | +12.5% |
| Bridesburg / Kensington / Richmond | $226.2K | $230.1K | +1.7% |
| Kensington | $271.3K | $273.5K | +0.8% |
| Harrowgate | $94K | $90K | -4.3% |
Housing Supply in Port Richmond, PA
How many homes are available in Port Richmond, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 80 | 91 | +13.8% |
Summary: The Port Richmond real estate market had 91 homes for sale in October 2024, a 13.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 20 | 20 | 0.0% |
| 3 Bedrooms | 52 | 59 | +13.5% |
| 4 Bedrooms | 5 | 9 | +80.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Port Richmond housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 80%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 16 | -5.9% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Port Richmond, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Port Richmond in October 2024, down by 5.9% month-over-month. Of the 16 sold homes, 50% were sold under asking, 44% were sold at asking, and 6% were sold over asking.
Days on Market for Port Richmond, PA
How long does it take to sell a home in Port Richmond, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 53 Days | +114.5% |
Summary: Homes in Port Richmond had an average of 53 days on market in Oct 2024, up by 114.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Port Richmond are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 16 homes were sold in Port Richmond; 50% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.
