$1,781 Closing Credit*
$150,000
1,140 SqFt
4 Beds
•1 Full Bath, 1 Partial
Shaheedah A Tinsley-Cobbs, Listing Office: Realty ONE Group Focus
Is West Philadelphia, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, West Philadelphia was a Seller's Market.
Key Takeaway
West Philadelphia is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in West Philadelphia, PA
How much do homes in West Philadelphia, PA cost?
Median Sold Price
$183,914
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$3,936(+2.2%)
Key Takeaway
Homes in West Philadelphia have sold for 2.2% more than they did a year ago.
Summary: The median home sold price in West Philadelphia was $183,914 in November 2024, up 2.2% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $147.5K | $146K | -1.0% |
| 2 Bedrooms | $140.5K | $123K | -12.5% |
| 3 Bedrooms | $165.7K | $163.3K | -1.4% |
| 4 Bedrooms | $228K | $235.4K | +3.3% |
| 5+ Bedrooms | $400K | $421.5K | +5.4% |
Summary: West Philadelphia housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 5.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Cobbs Creek | $159.9K | $168.9K | +5.6% |
| West Philadelphia | $179.9K | $183.9K | +2.2% |
| Carroll Park | $127K | $128.2K | +1.0% |
| Haddington | $119.9K | $118K | -1.6% |
Housing Supply in West Philadelphia, PA
How many homes are available in West Philadelphia, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 630 | 673 | +6.8% |
Summary: The West Philadelphia real estate market had 673 homes for sale in November 2024, a 6.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 11 | +22.2% |
| 2 Bedrooms | 40 | 48 | +20.0% |
| 3 Bedrooms | 370 | 394 | +6.5% |
| 4 Bedrooms | 137 | 147 | +7.3% |
| 5+ Bedrooms | 74 | 73 | -1.4% |
Summary: The West Philadelphia housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.2%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes decreased by 1.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 100 | 84 | -16.0% |
Asking Price vs. Sold Price
49 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Philadelphia, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.
Summary: A total of 84 homes were sold or pending in West Philadelphia in November 2024, down by 16.0% month-over-month. Of the 84 sold homes, 58% were sold under asking, 25% were sold at asking, and 17% were sold over asking.
Days on Market for West Philadelphia, PA
How long does it take to sell a home in West Philadelphia, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 36 Days | 49 Days | +37.6% |
Summary: Homes in West Philadelphia had an average of 49 days on market in Nov 2024, up by 37.6% compared to last year.
Breakdown of Home Sale Times
41 Homes Were Sold
Under 30 Days
27 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Philadelphia are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 84 homes were sold in West Philadelphia; 49% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
