$4,453 Closing Credit*
$375,000
1,314 SqFt
2 Beds
•2 Full Baths
Jody Dimitruk, Listing Office: BHHS Fox & Roach The Harper at Rittenhouse Square
Is Rittenhouse Square East, 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, Rittenhouse Square East was a Seller's Market.
Key Takeaway
Rittenhouse Square East is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Rittenhouse Square East, PA
How much do homes in Rittenhouse Square East, PA cost?
Median Sold Price
$440,000
$427/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$23,500(-5.1%)
Key Takeaway
Homes in Rittenhouse Square East have sold for 5.1% less than they did a year ago.
Summary: The median home sold price in Rittenhouse Square East was $440,000 in October 2024, down 5.1% from last year, and the median price per square foot was $427.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $275K | $283.2K | +3.0% |
| 2 Bedrooms | $585K | $489.7K | -16.3% |
| 3 Bedrooms | $1.0M | $1.2M | +18.8% |
| 4 Bedrooms | $1.3M | $1.7M | +34.6% |
| 5+ Bedrooms | - | $1.9M | N/A |
Summary: Rittenhouse Square East housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3%, 2 bedroom homes decreased by 16.3%, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 34.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Rittenhouse Square West | $546K | $587K | +7.5% |
| Avenue of the Arts | $295.6K | $290K | -1.9% |
| Rittenhouse Square East | $463.5K | $440K | -5.1% |
Housing Supply in Rittenhouse Square East, PA
How many homes are available in Rittenhouse Square East, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 112 | 124 | +10.7% |
Summary: The Rittenhouse Square East real estate market had 124 homes for sale in October 2024, a 10.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 36 | 37 | +2.8% |
| 2 Bedrooms | 42 | 46 | +9.5% |
| 3 Bedrooms | 26 | 28 | +7.7% |
| 4 Bedrooms | 5 | 10 | +100.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Rittenhouse Square East housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 2.8%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 12 | +20.0% |
Asking Price vs. Sold Price
10 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 Rittenhouse Square East, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Rittenhouse Square East in October 2024, up by 20.0% month-over-month. Of the 12 sold homes, 83% were sold under asking, 8% were sold at asking, and 8% were sold over asking.
Days on Market for Rittenhouse Square East, PA
How long does it take to sell a home in Rittenhouse Square East, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 68 Days | 33 Days | -50.7% |
Summary: Homes in Rittenhouse Square East had an average of 33 days on market in Oct 2024, down by 50.7% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rittenhouse Square East are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 12 homes were sold in Rittenhouse Square East; 58% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
