$10,000 Closing Credit*
$1,000,000
6,106 SqFt
Alanna Ralph, Listing Office: HomeSmart Realty Advisors
Is Port Richmond, 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, Port Richmond was a Neutral Market.
Key Takeaway
Port Richmond is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Port Richmond, PA
How much do homes in Port Richmond, PA cost?
Median Sold Price
$238,850
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$28,900(+13.8%)
Key Takeaway
Homes in Port Richmond have sold for 13.8% more than they did a year ago.
Summary: The median home sold price in Port Richmond was $238,850 in November 2024, up 13.8% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $187.5K | $203K | +8.3% |
| 2 Bedrooms | $185K | $195K | +5.4% |
| 3 Bedrooms | $225K | $259.4K | +15.3% |
| 4 Bedrooms | $374.9K | $380K | +1.3% |
| 5+ Bedrooms | $190K | $262.5K | +38.2% |
Summary: Port Richmond housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 15.3%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 38.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Bridesburg | $219.9K | $257.4K | +17.1% |
| Port Richmond | $209.9K | $238.8K | +13.8% |
| Harrowgate | $90K | $98.8K | +9.8% |
| Bridesburg / Kensington / Richmond | $218K | $239.1K | +9.7% |
| Kensington | $265K | $284.7K | +7.5% |
Housing Supply in Port Richmond, PA
How many homes are available in Port Richmond, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 93 | 92 | -1.1% |
Summary: The Port Richmond real estate market had 92 homes for sale in November 2024, a 1.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 19 | 21 | +10.5% |
| 3 Bedrooms | 60 | 61 | +1.7% |
| 4 Bedrooms | 11 | 8 | -27.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Port Richmond housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 1.7%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 12 | -29.4% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Port Richmond, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Port Richmond in November 2024, down by 29.4% month-over-month. Of the 12 sold homes, 58% were sold under asking, 25% were sold at asking, and 17% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 33 Days | 34 Days | +5.8% |
Summary: Homes in Port Richmond had an average of 34 days on market in Nov 2024, up by 5.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Port Richmond are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 12 homes were sold in Port Richmond; 50% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
