Is Center City, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Center City has remained a Seller's Market.
Housing Prices in Center City, PA
How much do homes in Center City, PA cost?
Median Sold Price
$180,000
$116/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Center City was $180,000 in May 2024, up 4% from last year, and the median price per square foot was $116.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $95K | $100K | +5.3% |
2 Bedrooms | $120K | $134K | +11.7% |
3 Bedrooms | $155K | $160.1K | +3.3% |
4 Bedrooms | $180K | $187.4K | +4.1% |
5+ Bedrooms | $191.4K | $208K | +8.6% |
Summary: Center City housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.3%, 2 bedroom homes increased by 11.7%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 8.6%.
Median Sold Price Compared To Nearby Neighborhoods
Center City | $173K | $180K | +4.0% |
Dawn Square | $181K | $174K | -3.9% |
Old Allentown Historic District | $173K | $159.5K | -7.8% |
Housing Supply in Center City, PA
How many homes are available in Center City, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
105 | 96 | -8.6% |
Summary: The Center City real estate market had 96 homes for sale in May 2024, a 8.6% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 32 | 27 | -15.6% |
4 Bedrooms | 24 | 27 | +12.5% |
5+ Bedrooms | 44 | 37 | -15.9% |
Summary: The Center City housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 15.6%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 15.9%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
35 | 35 | 0.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 35 homes were sold or pending in Center City in May 2024, the same as the previous month. Of the 35 sold homes, 34% were sold under asking, 29% were sold at asking, and 37% were sold over asking.
Days on Market for Center City, PA
How long does it take to sell a home in Center City, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
18 Days | 16 Days | -13.0% |
Summary: Homes in Center City had an average of 16 days on market in May 2024, down by 13% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 35 homes were sold in Center City; 86% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.