$1,621 Closing Credit*
$136,500
406 SqFt
Studio
•1 Full Bath
Stephanie Saracini, Listing Office: RE/MAX One Realty - TCDT
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 October 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
$587,000
$467/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$41,000(+7.5%)
Key Takeaway
Homes in Rittenhouse Square West have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Rittenhouse Square West was $587,000 in October 2024, up 7.5% from last year, and the median price per square foot was $467.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $277K | $310K | +11.9% |
| 2 Bedrooms | $562.5K | $625K | +11.1% |
| 3 Bedrooms | $1.4M | $1.0M | -32.0% |
| 4 Bedrooms | $2.4M | $1.6M | -34.7% |
| 5+ Bedrooms | $3.5M | $2.6M | -27.6% |
Summary: Rittenhouse Square West housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.9%, 2 bedroom homes increased by 11.1%, 3 bedroom homes decreased by 32%, 4 bedroom homes decreased by 34.7%, and 5+ bedroom homes decreased by 27.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Rittenhouse Square West | $546K | $587K | +7.5% |
| Filter Square | $1.0M | $1.0M | -2.8% |
| Rittenhouse Square East | $463.5K | $440K | -5.1% |
Housing Supply in Rittenhouse Square West, PA
How many homes are available in Rittenhouse Square West, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 131 | 132 | +0.8% |
Summary: The Rittenhouse Square West real estate market had 132 homes for sale in October 2024, a 0.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 31 | 32 | +3.2% |
| 2 Bedrooms | 53 | 50 | -5.7% |
| 3 Bedrooms | 23 | 25 | +8.7% |
| 4 Bedrooms | 13 | 13 | 0.0% |
| 5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The Rittenhouse Square West housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 3.2%, 2 bedroom homes decreased by 5.7%, 3 bedroom homes increased by 8.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 17 | +21.4% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 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. 94.1% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Rittenhouse Square West in October 2024, up by 21.4% month-over-month. Of the 17 sold homes, 94% were sold under asking, 6% were sold at asking, and 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 30 Days | 69 Days | +132.3% |
Summary: Homes in Rittenhouse Square West had an average of 69 days on market in Oct 2024, up by 132.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
5 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 October 2024, 17 homes were sold in Rittenhouse Square West; 47% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
