$8,894 Closing Credit*
$749,000
1,462 SqFt
2 Beds
•2 Full Baths, 1 Partial
Alexia Noelle Bevilacqua, Listing Office: Compass Pennsylvania, LLC
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 November 2023
Since last year, Rittenhouse Square East has remained a Buyer'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
$447,500
$422/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$2,550(+0.6%)
Key Takeaway
Homes in Rittenhouse Square East have sold for 0.6% more than they did a year ago.
Summary: The median home sold price in Rittenhouse Square East was $447,500 in November 2024, up 0.6% from last year, and the median price per square foot was $422.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $276.5K | $282K | +2.0% |
| 2 Bedrooms | $582K | $489.5K | -15.9% |
| 3 Bedrooms | $1.0M | $1.1M | +10.6% |
| 4 Bedrooms | $1.3M | $1.7M | +36.5% |
| 5+ Bedrooms | - | $1.2M | N/A |
Summary: Rittenhouse Square East housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2%, 2 bedroom homes decreased by 15.9%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 36.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Rittenhouse Square West | $553K | $575K | +4.0% |
| Avenue of the Arts | $295.6K | $300K | +1.5% |
| Rittenhouse Square East | $444.9K | $447.5K | +0.6% |
Housing Supply in Rittenhouse Square East, PA
How many homes are available in Rittenhouse Square East, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 116 | 120 | +3.4% |
Summary: The Rittenhouse Square East real estate market had 120 homes for sale in November 2024, a 3.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 36 | 34 | -5.6% |
| 2 Bedrooms | 41 | 43 | +4.9% |
| 3 Bedrooms | 26 | 25 | -3.8% |
| 4 Bedrooms | 10 | 12 | +20.0% |
| 5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The Rittenhouse Square East housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 5.6%, 2 bedroom homes increased by 4.9%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 10 | -16.7% |
Asking Price vs. Sold Price
8 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. 80% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Rittenhouse Square East in November 2024, down by 16.7% month-over-month. Of the 10 sold homes, 80% were sold under asking, 10% were sold at asking, and 10% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 55 Days | 61 Days | +11.3% |
Summary: Homes in Rittenhouse Square East had an average of 61 days on market in Nov 2024, up by 11.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Rittenhouse Square East has remained consistent over time.
Summary: During November 2024, 10 homes were sold in Rittenhouse Square East; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
