$4,144 Closing Credit*
$349,000
837 SqFt
1 Bed
•1 Full Bath
Damon C. Michels, Listing Office: KW Main Line - Narberth
Is Rittenhouse Square West, 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 West has remained a Buyer's Market.
Key Takeaway
Rittenhouse Square West is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Rittenhouse Square West, PA
How much do homes in Rittenhouse Square West, PA cost?
Median Sold Price
$575,000
$469/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$22,000(+4.0%)
Key Takeaway
Homes in Rittenhouse Square West have sold for 4% more than they did a year ago.
Summary: The median home sold price in Rittenhouse Square West was $575,000 in November 2024, up 4% from last year, and the median price per square foot was $469.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $278.5K | $312.6K | +12.3% |
| 2 Bedrooms | $589.5K | $610.5K | +3.6% |
| 3 Bedrooms | $1.4M | $1.0M | -29.8% |
| 4 Bedrooms | $2.3M | $1.6M | -32.0% |
| 5+ Bedrooms | $2.6M | $2.6M | 0% |
Summary: Rittenhouse Square West housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.3%, 2 bedroom homes increased by 3.6%, 3 bedroom homes decreased by 29.8%, 4 bedroom homes decreased by 32%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Rittenhouse Square West | $553K | $575K | +4.0% |
| Rittenhouse Square East | $444.9K | $447.5K | +0.6% |
| Filter Square | $1.0M | $980K | -7.1% |
Housing Supply in Rittenhouse Square West, PA
How many homes are available in Rittenhouse Square West, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 127 | 118 | -7.1% |
Summary: The Rittenhouse Square West real estate market had 118 homes for sale in November 2024, a 7.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 31 | 31 | 0.0% |
| 2 Bedrooms | 46 | 39 | -15.2% |
| 3 Bedrooms | 24 | 27 | +12.5% |
| 4 Bedrooms | 14 | 13 | -7.1% |
| 5+ Bedrooms | 12 | 8 | -33.3% |
Summary: The Rittenhouse Square West housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 15.2%, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 14 | -17.6% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rittenhouse Square West, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Rittenhouse Square West in November 2024, down by 17.6% month-over-month. Of the 14 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for Rittenhouse Square West, PA
How long does it take to sell a home in Rittenhouse Square West, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 112 Days | 124 Days | +10.8% |
Summary: Homes in Rittenhouse Square West had an average of 124 days on market in Nov 2024, up by 10.8% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rittenhouse Square West are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 14 homes were sold in Rittenhouse Square West; 50% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
