Is Center City, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Center City was a Neutral Market.
Housing Prices in Center City, PA
How much do homes in Center City, PA cost?
Median Sold Price
$461,653
$400/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Center City was $461,653 in April 2024, down 15.1% from last year, and the median price per square foot was $400.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $290K | $286.6K | -1.1% |
2 Bedrooms | $548.5K | $500K | -8.8% |
3 Bedrooms | $835K | $884.5K | +5.9% |
4 Bedrooms | $1.3M | $1.3M | 0.2% |
5+ Bedrooms | $1.8M | $1.5M | -17.0% |
Summary: Center City housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.1%, 2 bedroom homes decreased by 8.8%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes decreased by 17%.
Median Sold Price Compared To Nearby Neighborhoods
Washington Square West | $530.5K | $482K | -9.1% |
Center City | $543.7K | $461.6K | -15.1% |
Housing Supply in Center City, PA
How many homes are available in Center City, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
574 | 646 | +12.5% |
Summary: The Center City real estate market had 646 homes for sale in April 2024, a 12.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 177 | 198 | +11.9% |
2 Bedrooms | 199 | 226 | +13.6% |
3 Bedrooms | 109 | 118 | +8.3% |
4 Bedrooms | 58 | 72 | +24.1% |
5+ Bedrooms | 31 | 32 | +3.2% |
Summary: The Center City housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.9%, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 24.1%, and 5+ bedroom homes increased by 3.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
61 | 75 | +23.0% |
Asking Price vs. Sold Price
55 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 75 homes were sold or pending in Center City in April 2024, up by 23.0% month-over-month. Of the 75 sold homes, 73% were sold under asking, 16% were sold at asking, and 11% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
65 Days | 90 Days | +37.1% |
Summary: Homes in Center City had an average of 90 days on market in Apr 2024, up by 37.1% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
27 Homes Were Sold
Over 90 Days
Summary: During April 2024, 75 homes were sold in Center City; 49% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.