$7,719 Closing Credit*
$650,000
2,445 SqFt
3 Beds
•3 Full Baths
Kyle Marquis Brown, Listing Office: SERHANT PENNSYLVANIA LLC
Is Society Hill, 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, Society Hill has remained a Buyer's Market.
Key Takeaway
Society Hill is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Society Hill, PA
How much do homes in Society Hill, PA cost?
Median Sold Price
$600,000
$398/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$80,000(+15.4%)
Key Takeaway
Homes in Society Hill have sold for 15.4% more than they did a year ago.
Summary: The median home sold price in Society Hill was $600,000 in October 2024, up 15.4% from last year, and the median price per square foot was $398.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $328.7K | $290.6K | -11.6% |
| 2 Bedrooms | $547.5K | $560K | +2.3% |
| 3 Bedrooms | $860K | $888K | +3.3% |
| 4 Bedrooms | $1.1M | $1.2M | +6.1% |
| 5+ Bedrooms | $1.1M | $1.8M | +57.0% |
Summary: Society Hill housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.6%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 57%.
Median Sold Price Compared To Nearby Neighborhoods
| Society Hill | $520K | $600K | +15.4% |
| Washington Square West | $496K | $492K | -0.8% |
| Independence Mall | $347.5K | $314.9K | -9.4% |
Housing Supply in Society Hill, PA
How many homes are available in Society Hill, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 78 | 81 | +3.8% |
Summary: The Society Hill real estate market had 81 homes for sale in October 2024, a 3.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 26 | 28 | +7.7% |
| 2 Bedrooms | 16 | 18 | +12.5% |
| 3 Bedrooms | 14 | 15 | +7.1% |
| 4 Bedrooms | 16 | 13 | -18.8% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Society Hill housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.7%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 18.8%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 9 | -35.7% |
Asking Price vs. Sold Price
8 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 Society Hill, you may be able to get a good deal. 88.9% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Society Hill in October 2024, down by 35.7% month-over-month. Of the 9 sold homes, 89% were sold under asking, 11% were sold at asking, and 0% were sold over asking.
Days on Market for Society Hill, PA
How long does it take to sell a home in Society Hill, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 81 Days | 62 Days | -23.6% |
Summary: Homes in Society Hill had an average of 62 days on market in Oct 2024, down by 23.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Society Hill are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in Society Hill; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
